Great Financial Results Announced by Aristocrat
Recent years have presented the gambling industry with a number of unexpected challenges. Aristocrat, one of the largest gambling companies in the world, has announced rather impressive financial results for FY24.
Strong financial results for Aristocrat. © Stephen Dawson, Unsplash
Aristocrat’s Results for FY24 Show Signs of Growth
Gambling juggernaut Aristocrat has posted its results for the fiscal year 2023-24, which ended on 30 September. These include a rather impressive earnings per share (EPS) increase of 20%, which is sure to delight shareholders.
All of the results for FY24 posted by Aristocrat are promising, to say the least. They show that the company has managed to hit its targets and should enjoy lots of success in the coming years.
Here’s a summary of the financial data:
- Total Revenue: Increased by 5% compared to FY2023, reaching AU$6.6 billion (approximately US$4.31 billion)
- Normalized Net Profit After Tax and Amortisation: Increased by 17% to AU$1.6 billion (approximately US$1 billion)
- Earnings Before Interest, Tax, Depreciation and Amortisation: Increased by 18.5% to AU$2.47 billion (approximately US$1.6 billion); the margin grew from 33.1% in FY2023 to 37.4%
Another key point to mention is the shareholder returns. Throughout FY24, Aristocrat returned no less than AU$1.3 billion to its shareholders through both on-market share buybacks and dividends.
Speaking of dividends, their average value for FY24 was AU$0.78 per share. Like the other figures listed above, this one also shows an increase (22% compared to FY23).
Several things have contributed to the company’s results. One of them is its digital division, Pixel United. Despite its revenue not changing much from FY2023, it managed to make a profit in FY2024.
Pixel United generated AU$1.75 billion in bookings throughout the most recent financial year. Its margin saw a significant increase of 36%, a sure indicator of the division’s potential.
Just over AU$1 billion of Pixel United’s bookings came from its social casino sector. Popular titles and regular new releases have contributed to the growth in popularity of the social casino.
Thanks to ongoing expansion efforts across North America and Europe, Aristocrat Interactive (which focuses on iGaming, Sports, iLottery and backend systems), saw its revenue increase by 85% compared to FY23.
Finally, Aristocrat Gaming, a division that operates throughout North America, increased its number of units to 71,000, adding around 7,100 in FY24 alone. This helped North America’s margins for Aristocrat increase by 58.9%.
Aristocrat’s CEO and Managing Director has said the following about the company’s results and what the future might hold for it:
Looking ahead, we continue to see strong momentum in our core business as we focus on portfolio performance and seek to capture the significant strategic opportunities in front of us. We are committed to our capital management strategy and our ongoing on-market share buy-back program, and to implementing the outcomes of the strategic review of the group’s casual and mid-core gaming assets.– Trevor Croker, Aristocrat CEO and Managing Director Comments on FY24 Results, Gambling Insider
While Aristocrat undoubtedly had a successful FY24, the company is poised to enjoy more success in the near future. It’s recently acquired Roxor Gaming and NeoGames, both of which are iGaming studios with lots of promise and potential.
Aristocrat can also count on its partnerships with well-established companies and brands throughout North America and Europe for future growth.
