For the initial half-year concluding on March 31st, 2022, Aristocrat Leisure Limited, a dominant force in gaming solutions, unveiled remarkable financial outcomes. Their operational earnings escalated by 23% in contrast to the corresponding timeframe last year, achieving an impressive AUD 2.75 billion (USD 1.92 billion). This upswing can be linked to various elements, including the relaxation of Covid-19 limitations and a surge in consumer interest.
The firm’s profitability also witnessed a notable enhancement. Their earnings before interest, taxes, depreciation, and amortization (EBITDA) leaped by a substantial 30% year-over-year, reaching AUD 970.3 million. This translated into a 1.9 percentage point rise in their EBITDA margin, attaining a robust 35.3%. Moreover, Aristocrat’s adjusted profit after tax (NPATA), excluding the amortization of acquired intangible assets, surged by 41% compared to the prior year, hitting AUD 580 million.
Aristocrat, with headquarters in Australia and renowned for its popular gaming machines and online games, underscored several operational accomplishments during this timeframe. Their digital division, Pixel United, and their conventional gaming operations both underwent significant growth and diversification. The corporation also reaped the benefits of strong expansion in direct sales of gaming machines, propelled by the easing of pandemic-related constraints and heightened consumer expenditure on their high-performing offerings.
Trevor Croker, Aristocrat’s CEO and Managing Director, conveyed his contentment with the company’s results, remarking, “Aristocrat delivered a robust and resilient performance despite varied operational circumstances and obstacles.” He stressed the company’s dedication to safeguarding its workforce and operations while undertaking strategic investments to expedite future expansion. Croker appended, “Our sustained allocation in talent, technology, and product has empowered us to maintain market share gains across all our key sectors and generate substantial top- and bottom-line growth in the first half of fiscal 2022.”
Were aggressively pursuing growth in our digital gaming footprint, constructing fresh platforms while acquiring established ones. This dual strategy will allow us to connect with a wider audience of gamers through the high-quality titles we’re recognized for. Our goal is to be the premier destination for online gaming, and we’re targeting the launch of our “i-Gaming” offerings in an additional two US states before the close of 2022.”
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