HomeNewsAustraliaAristocrat profit up 17 percent in FY24, with strong growth in North America/Asia markets

Aristocrat profit up 17 percent in FY24, with strong growth in North America/Asia markets

Aristocrat saw 17 percent growth in its net profit after tax (NPATA) during its fiscal year ended September 30th, bringing in AU$1.6 billion ($1.04 billion), according to its financial results released on Wednesday.

This was boosted by revenue growth of 4.9 percent yearly, to AU$6.6 billion ($4.31 billion), helping boost EBITDA by 18.5 percent, to AU$2.47 billion ($1.61 billion).

The Aristocrat Gaming segment saw strong growth in its North American operations, with a 9 percent increase in profit and over 71,000 units installed during the year.

Aristocrat Gaming

Rest of World revenue was down by 1.9 percent yearly, ‘mainly driven by a reduction in unit sales in ANZ’, with approximately 3,800 fewer unit sales. However, profit was up by 6 percent, due to ‘strong volume growth and product mix in Asia’.

The group’s Pixel United segment saw flat bookings, but the social casino saw over $1 billion for the first time, outperforming the market.

Aristocrat Interactive saw a heady increase of 85 percent for its revenue, ‘driven by organic growth in Platforms and continued scaling of iGaming across North America and Europe.

This was also boosted by five months of revenue from NeoGames and a full year from Roxor.

Looking ahead, the group is expecting continued NPATA growth for the next fiscal year, based on ‘continued strong market share, revenue and profit growth from Aristocrat Gaming’. This is expected to be further boosted by Pixel United after some belt-tightening.

Kelsey Wilhelm
Kelsey Wilhelmhttps://agbrief.com
Kelsey Wilhelm is a print and broadcast journalist and editor. Based in Asia for over 20 years, he saw the birth of Macau's rampantly successful gaming industry, propelling him into the world of casinos. Now focusing on all markets throughout Asia, he embraces new technologies and trends, from sports betting to online gaming – always seeking the new frontier.

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