Aristocrat, the renowned gaming giant, has unveiled its financial performance for the initial half of the 2024 fiscal year, spanning from October 2023 to March 2024.
During this period, the company witnessed a remarkable surge in operating revenue, hitting AU$3.27 billion (US$2.18 billion), marking a significant 6.1% increase. This growth was propelled by robust performance in North America’s gaming sector, coupled with impressive sales worldwide and notable expansion in Aristocrat Interactive.
Impressive Earnings Boost
Consequently, Aristocrat’s earnings before interest, taxes, depreciation, and amortization (EBITDA) soared, demonstrating a stellar first half, totaling AU$1.20 billion, reflecting a substantial 17.6% year-on-year surge. Notably, the EBITDA margin also expanded to 36.6%, surpassing the previous margin of 33%.
The company’s net profit after tax and amortization (NPATA) for the first half of 2024 exhibited a robust ascent, ascending by 16% compared to the previous year, amounting to AU$764.1 million. This impressive growth underscores the resilience and profitability of Aristocrat across its diverse business segments.
Each of Aristocrat’s core segments – Aristocrat Gaming, Pixel United, and Aristocrat Interactive – showcased commendable performances during the reporting period, contributing significantly to the overall success.
Trevor Croker, the CEO and Managing Director of Aristocrat, expressed his satisfaction with the stellar financial results, highlighting the company’s unwavering resilience and capacity to thrive in various market conditions. Croker said, “This was once again an outstanding result, reflecting Aristocrat’s resilience and ability to grow share and drive profitability through different operating environments.
“The group delivered strong revenue and EBITDA growth over the half. This was underpinned by record Aristocrat Gaming performance, led by an exceptional North America gaming operations result and strong growth in Aristocrat Interactive, while Pixel United achieved improved profitability despite mixed market conditions.
“The result again highlights resilience and scale as fundamental strengths of our business, supported by an effective focus on operational efficiency and extracting operating leverage.”
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