Aristocrat Reports Strong H1 2024 Results, Earnings Up 6.1%

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In Brief

Aristocrat, the well-known gaming giant, has released its financial results for the first half of the fiscal year 2024, from October 2023 to March 2024. The company recorded an impressive increase in operating income to AU$3.27 billion (US$2.18 billion), representing a growth of 6.1%. This success was driven by strong performances in the North American gambling sector and excellent worldwide sales, as well as the expansion of Aristocrat Interactive.

Impressive Profit Increase

Aristocrat’s EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by a remarkable 17.6% compared to the previous year, reaching AU$1.20 billion. The EBITDA margin expanded to 36.6%, surpassing the previous margin of 33%. The net profit after tax and amortization (NPATA) for the first half of 2024 showed a robust increase of 16% compared to the previous year, amounting to AU$764.1 million. This impressive growth rate underscores Aristocrat’s resilience and profitability in its various business segments.

CEO’s Statement

Trevor Croker, CEO and Managing Director of Aristocrat, expressed satisfaction with the outstanding financial results and emphasized the company’s unwavering resilience and ability to grow in various market conditions. Croker highlighted that the group recorded strong revenue and EBITDA growth over the half-year, supported by a record-breaking performance from Aristocrat Gaming, led by an exceptional result in North American gambling operations and strong growth at Aristocrat Interactive, as well as improved profitability at Pixel United despite mixed market conditions.

Our Assessment

Aristocrat’s impressive financial results for the first half of the fiscal year 2024 underscore the company’s strength and resilience in a competitive market. The ability to grow in various business segments while maintaining operational efficiency positions Aristocrat as a leading player in the gaming industry. This performance not only provides insight into Aristocrat’s financial health but also reflects the overall dynamics and growth potential of the gaming industry.

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