Aristocrat H1 revenue and profit show growth

May 16, 2024
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The supplier has pointed towards strong performance in North America gaming operations.

Aristocrat has reported its first-half results for its 2024 financial year, for the six months to 31 March 2024. 

Operating revenue during the period reached AU$3.27bn (US$2.18bn), representing an increase of 6.1%, with strong performance in North America gaming operations, strong outright sales in most markets in the rest of the world and growth from Aristocrat Interactive. 

EBITDA as a result also delivered a strong H1 showing, being valued at AU$1.20bn, up 17.6% year-on-year, leading to a higher EBITDA margin of 36.6% compared with 33%. 

This growth was further highlighted by Aristocrat’s H1 net profit after tax and amortization (NPATA), which was 16% higher compared to last year at AU$764.1m. 

Each of the company’s three main segments, namely Aristocrat Gaming, Pixel United and Aristocrat Interactive made strong strides for their results during the period boosting overall results. 

Aristocrat CEO and Managing Director Trevor Croker commented on the results, saying: “This was once again an outstanding result, reflecting Aristocrat’s resilience and ability to grow share and drive profitability through different operating environments. 

“The group delivered strong revenue and EBITDA growth over the half. This was underpinned by record Aristocrat Gaming performance, led by an exceptional North America gaming operations result and strong growth in Aristocrat Interactive, while Pixel United achieved improved profitability despite mixed market conditions.

"The result again highlights resilience and scale as fundamental strengths of our business, supported by an effective focus on operational efficiency and extracting operating leverage."

In other results-based news, Sportradar released its Q1 2024 results, with US operations accounting for 25% of the total company revenue for the quarter. 

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