Aristocrat revenue jump in six-month financials

Aristocrat has released its financials for the six-month period covering Q4 2022 and Q1 2023.

Against the prior corresponding period, group revenue was up to US$3.1bn, an increase of 12.2 per cent in reported terms, and NPATA was up 14 per cent to $659m.

EBITDA was $1.03bn, which was 5.7 per cent higher on a reported basis and 2.1 per cent lower on a constant currency basis than PCP.

Surplus cash of $166m was returned to shareholders in on-market share buy-backs over the six month period. As of March 31, 2023, Aristocrat has now completed 48 per cent of its up to $1bn on-market share buy-back program. The program has since been increased to $1.5bn and will run until May 31, 2024.

“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,” said Aristocrat CEO and managing director, Trevor Croker.

“The benefit of our investment to grow and diversify Aristocrat’s revenue base was particularly evident in our ability to deliver solid revenue growth and stable EBITDA in constant currency at group level over the half year, with a continued strong performance from the Aristocrat Gaming Americas business more than offsetting the challenging mobile gaming market conditions for Pixel United.

“We continued to invest to grow into attractive adjacencies and verticals, as we build further resilience in our operating portfolio, including through executing our ‘build and buy’ strategy in Online RMG.

“Our newest operating business, Anaxi, delivered on its initial market entry commitments and established sound foundations for growth. With content agreements signed with partners representing over 55 per cent of the igaming market in the US, we are comfortably on course to exceed our target of penetrating at least 70 per cent of regulated jurisdictions across North America over the next five years.”