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Aristocrat posts revenue, EBITDA and profit rises for H1

Updated:2024-03-30 08:44    Views:188

Aristocrat Leisure has posted its H1 revenue report, showing it made AU$3.08bn (US$2.05bn) in operating revenue, a rise of 12% year-on-year.

Furthermore, the company enjoyed an EBITDA rise of 6%, totalling AU$1.02bn.

Meanwhile, profit after tax came in at AU$653m, up 27%.

This week, Aristocrat’s share price fell sharply ahead of the publication of the results to a low of AU$36.72 – however, the price came back up in the following days, reaching AU$38.50 at time of writing. Overall,Online Casino Games for Real Money though, it remains slightly down.

The graph below shows the difference between Aristocrat’s H1 operating profit and profit after tax for 2022 against its H1 2023 figures.

Aristocrat CEO and Managing Director Trevor Croker said of the results: “Aristocrat delivered a quality result over the period, demonstrating the ongoing resilience, competitiveness and diversification of our portfolio, as we navigated challenging market conditions and continued to invest fully behind our successful Group growth strategy.

“Our teams faced considerable economic and political uncertainty during the half, including the continuation of the conflict in Ukraine and I am tremendously thankful for their efforts." 

It has been a busy few days for Aristocrat after it announced a deal to purchase NeoGames for $1.2bn, something that Croker highlighted in his comments: “Looking ahead, we will continue to navigate challenges with a focus on portfolio performance and capturing the significant strategic opportunities in front of us including delivering on our online RMG strategy with the proposed acquisition of NeoGames announced earlier this week.”

Following these results, the NeoGames acquisition makes sense as a method of finding new growth sources.