Australian gaming company Aristocrat Leisure Limited has published its latest financial report revealing a 21% year-on-year increase in net profits to AU$1.3 billion ($846 million/€779.7 million) for the 12 months ending on September 30th 2023.
According to the report, the company stated that the positive FY23 results reflect an enhanced product portfolio and ongoing investment across its various divisions alongside a strong performance in the North American market.
The report also reveals that revenue grew by 13% to AU$6.3 billion ($4.1 billion/€3.7 billion) while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 13.8% to AU$2.11 billion ($1.37 billion/€1.26 billion).
Aristocrat 2023 Key Highlights
Revenue from ordinary activities – AU$6.3 billion ($4.1 billion/€3.77 billion), up 13.0%
Profit from ordinary activities before tax – AU$1.67 billion ($1.09 billion/€1 billion), up 35.9%
Profit before tax – AU$1.66 billion ($1.08 billion/€995 million), up 25.1%
Profit from ordinary activities after tax – AU$1.45 billion ($943.5 million/€869.4 million), up 53.3%
Profit after tax and before amortisation of acquired intangibles – AU$1.32 billion ($858.9 million/€791.4 million), up 20.7%
Revenue by segment
Americas – AU$2.9 billion ($1.9 billion/€1.75 billion), up 16%
Australia & NZ – AU$458.4 million ($298.2 million/€274.8 million), down 0.5%
International Class III – AU$200 million ($130.1 million/€119.9 million), up 87.3%
Profit by segment
Americas – AU$1.67 billion ($1.09 billion/€1 billion), up 14.1%
Australia & NZ – AU$151.3 million ($98.4 million/€90.7 million), down 3.7%
International Class III – AU$98.6 million ($64.1 million/€59.1 million), up 152.2%
Speaking of the latest results, Aristocrat CEO and Managing Director Trevor Croker said:
“The growth that Aristocrat delivered over the period demonstrates the ongoing resilience, competitiveness and diversification of our portfolio, and sound fundamentals in the markets in which we operate. At the same time, we have been able to accelerate investment behind our successful growth strategy.
The benefit of our strategic investments to grow and diversify Aristocrat was particularly evident in the strong revenue and EBITDA growth over the year. This was underpinned by an exceptional Gaming performance which more than offset an extended industry-wide moderation in mobile game demand, again highlighting diversification and scale as fundamental strengths of our business.
We continued to invest to grow in attractive adjacencies and verticals, as we build further resilience in our operating portfolio, including through executing our ‘build and buy’ strategy in online RMG.
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 to close in the first half of calendar 2024.”
Ciaran McEneaney Gambling industry analyst with over a decade of experience working with some of the biggest names in the sports-betting, gambling, poker & casino industry.
John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.
With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players.
Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values.
Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.
Latest posts by John Sommers (see all)