Sciplay Corporation (NASDAQ:SCPL) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET
Company Participants
Robert Weiner - VP, Investor Relations
Joshua Wilson - CEO & Director
Daniel O’Quinn - Interim CFO, Secretary & Principal Accounting Officer
Conference Call Participants
Matthew Thornton - Truist Securities
Aaron Lee - Macquarie Research
Matthew Cost - Morgan Stanley
Eric Sheridan - Goldman Sachs
Franco Granda - D.A. Davidson & Co.
Ryan Sigdahl - Craig-Hallum
Operator
Good day, and welcome to the SciPlay Third quarter 2022 Earnings Conference Call. [Operator Instructions].
I would now like to turn the conference over to Robert Weiner, Vice President, Investor Relations. Please go ahead.
Robert Weiner
Thank you, operator, and good morning, everyone. During today's call, we will discuss our third quarter 2022 financial results and operating performance, which will be followed by a question-and-answer period. With me today is Joshua Wilson, CEO of SciPlay; and our Interim CFO and VP of Finance, Daniel O’Quinn.
Our call today will contain remarks that include forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve certain risks and uncertainties that could cause actual results to differ materially from those discussed during the call.
For more information regarding these risks and uncertainties, please refer to our earnings release issued yesterday and our filings with the SEC. We will discuss certain non-GAAP financial measures, including key performance indicators, which are based on in-app purchases only.
A description of each non-GAAP measure and a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure can be found in our earnings release as well as in the Investors section on our website. As a reminder, this conference call is being recorded. A replay of this webcast will be archived in the Investors section of our website at sciplay.com.
Now I'm pleased to turn the call over to Josh.
Joshua Wilson
Good morning, everyone, and thank you for joining us. Today, I am very excited to provide you with details about SciPlay's progress towards becoming a leading mobile games developer and publisher in the industry. Based on our third quarter earnings, I am confident you will agree with SciPlay's growing success.
SciPlay is clearly outpacing the industry. The preliminary Eilers & Krekcik Social Casino Game tracker issued on October 27 indicates a 1.7% industry year-over-year decline versus SciPlay 13% revenue growth in social casino, representing exceptional overperformance.
Given our strong momentum, we are maintaining our financial targets for full year revenue guidance of approximately 10% and anticipate we will achieve our AEBITDA margin in the range of approximately 28% to 29% for the full year. At the beginning of this year, we discussed our vision and our focus. SciPlay puts our player first customizing the individual variant. This focus is the catalyst for our success and durable growth.