Aristocrat releases its bi-annual earnings report
Growth solid for the six months ending March 31, 2022
Aristocrat Gaming has released its financial report for the half year ending on March 31, 2022. It was a worthy six months for the gaming company, one in which revenue has increased by 23% to AU$2.75bn ($1.92bn).
EBITDA also saw growth of 30% to AU$970.3m.
Altogether, operating revenue, profit before tax and profit after tax were all up. The growth occurred despite what were occasionally adverse conditions for the industry, such as the Omicron flare-up over the holidays.
Aristocrat is based in Australia based but has a global reach in terms of active markets. It makes slot machines and games.
Growth was strong in the North American market, with manifold vectors for the company. Among these were a share growth in North American Class II and III installed bases. These grew from 5,540 units to 56,094.
Expansion into new markets was also a hallmark of the period. Popularity of the company’s video lottery terminal grew in Canada, Illinois and Oregon.
Aristocrat’s games proved popular too: it made seven of the top 100 games in the US market.
Another highlight of the period was the group finalizing its minority stake in the Ultracine studio in Montreal.
Aristocrat CEO Trevor Croker celebrated the report: “Aristocrat delivered an impressive and resilient performance despite mixed operational conditions and challenges. We took comprehensive action to protect our people and business, while investing strongly to accelerate our growth strategy going forward.”
Croker then hinted at avenues for future growth as the year progresses: “Our ambition is to be the leading gaming platform in the global online RMG industry, and we anticipate being live with iGaming products in two jurisdictions in the US by the end of the calendar year 2022.”
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