Aristocrat Leisure reports 17.2% rise in FY24 NPATA to AU$1.56bn
Results were helped by gaming operations in North America.
Key Points
- Revenue growth driven by North America gaming operations
- Profit saw a significant increase
- The company’s business segments performed well
Aristocrat Leisure has released its results for the 2024 full-year period, highlighting a positive period for the company.
Aristocrat FY24 results
Revenue for FY24 was valued at AU$6.60bn (US$4.31bn), representing an increase year-over-year of 4.9%, helped by the performance of gaming operations in North America.
EBITDA was up 18.5% to AU$2.47bn, while the EBITDA margin went from 33.1% in FY23 to 37.4% in FY24.
FY23
FY24
NPATA (net profit after tax) was valued at AU$1.56bn for the full year of 2024, experiencing growth of 17.2% when compared to the figure during the full year of 2023.
The company highlighted that it has continued to fund organic investment in a number of areas such as design & development, user acquisition and capital expenditure to help with growth and overall performance.
It also noted that AU$1.3bn in cash was returned to shareholders through dividends and on-market share buy-backs.
Business segments
Looking at the three main segments of the business, each showed overall positive displays.
Aristocrat Gaming was boosted by performance from its North American operations, which saw a 9% increase in profit, thanks mainly to the continued expansion of the Class III Premium and Class II installed base. However, revenue for the rest of world decreased 1.8%, which was mainly put down to a reduction in unit sales in Australia and New Zealand.
Pixel United achieved significant gains when it came to social casino. The brand had over US$1bn in bookings for its social casino business, and Aristocrat stated that the business “continued to outperform the market in social casino and delivered improved profitability in ongoing mixed market conditions.”
For Aristocrat Interactive, revenue for FY24 rose 85%, which was helped by organic growth in platforms, the continued scaling of iGaming across North America and Europe, and the inclusion of results from five months of NeoGames and a full year of Roxor. Its iLottery and content also experienced growth during the full year.
Comments
Aristocrat CEO and Managing Director Trevor Croker said, “This was an outstanding result, reflecting Aristocrat’s ability to grow through mixed operating environments and control a range of levers to deliver EPS growth of 20%.
“The Group delivered strong revenue and EBITDA growth over the year. This was underpinned by Aristocrat Gaming’s performance, led by an exceptional North America Gaming Operations result with a record installed base unit growth of ~7,100 net additions over the PCP. There was strong momentum in Aristocrat Interactive, with the inclusion of NeoGames for five months, while Pixel United achieved improved profitability…
“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.”
Results have been aplenty this week, with Flutter Entertainment, Light & Wonder and IGT being just a few companies in the industry to release Q3 results.
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