18 May 2023
Resilient Growth and Strategic Success: Aristocrat’s H1 Results and Expansion Plans
Aristocrat’s H1 results showcase their portfolio’s resilience, competitiveness, and diversification, overcoming challenging market conditions. CEO Trevor Croker highlights the role of subsidiary Anaxi in achieving these results, emphasizing their success in market entry and establishing foundations for growth. With content agreements representing over 55% of the US igaming market, Aristocrat is on track to exceed their target of penetrating 70% of regulated jurisdictions in North America. Despite economic and political uncertainty, Croker acknowledges and appreciates their teams’ efforts. Aristocrat remains focused on portfolio performance and strategic opportunities, including the proposed acquisition of NeoGames for their online RMG strategy.
In the six months ending 31 March, Aristocrat experienced a significant revenue increase of 12.2%, reaching $3.08bn. The Americas segment played a pivotal role, contributing $1.45bn, representing a 26.4% rise from the previous year. While Australia and Pixel United segments saw slight fluctuations, Aristocrat’s overall performance remained strong. H1 earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to $1.03bn, a 5.7% increase. This led to a remarkable pre-tax profit of $852.8m, a 42.6% rise, and a post-tax profit of $653m. Croker attributes these achievements to their strategic investments in growing and diversifying Aristocrat’s revenue base. The company’s ability to deliver solid revenue growth and stable EBITDA highlights its strength, particularly in the Aristocrat Gaming Americas business, offsetting challenging mobile gaming market conditions for Pixel United.