The leisure and gaming powerhouse, Aristocrat, concluded its fiscal year in September 2023 with remarkable financial achievements. Their profits surged to an impressive $1.33 billion in Australian dollars (equivalent to just over $800 million USD), reflecting a substantial increase of more than 20% compared to the preceding year.
The company amassed a staggering $6.3 billion AUD (approximately $4.1 billion USD) in revenue, while their earnings before interest, taxes, depreciation, and amortization (EBITDA) reached a noteworthy $2.1 billion AUD.
All significant financial metrics exhibited positive trends. When adjusted for specific one-off occurrences, their revenue experienced a robust 13% expansion, while earnings per share witnessed an even more remarkable surge, surpassing 26%.
Undoubtedly, these figures paint a very optimistic picture of the company’s performance.
Aristocrat’s stock is presently valued at $39.48 AUD, marking a decrease of $1.14 AUD from the corresponding period last week and a marginal decline of 1% from the previous day’s closing price.
The company attributes a portion of its 2023 triumph to a $1.433 billion AUD profit surge in the Americas, with North America playing a pivotal role. This can likely be attributed to a 26% rise in the quantity of direct sales machines Aristocrat has deployed within the region. Both their Class III premium gaming machines and Class II gaming operations installations expanded by over 64,000 units, representing a substantial 8% growth.
Furthermore, Aristocrat observed expansion in its Class III gaming machine segment across Asia and Europe. Asia, in particular, witnessed considerable growth across diverse gaming sectors as numerous pandemic-related limitations were relaxed. For example, Macau recorded a remarkable 400% year-over-year surge in gaming revenue during October.
Throughout the last twelve months, Aristocrat has been incredibly active! They’ve collaborated with major players, brought important individuals onto their management team, and launched a suite of fresh offerings. A significant move was securing the official slot machine partnership for the Formula 1 Heineken Silver Las Vegas Grand Prix – a truly high-stakes collaboration!
Aristocrat’s Chief Executive Officer, Trevor Croker, expressed understandable pride, noting that their remarkable expansion demonstrates the strength and variety within their game portfolio, and the vast potential in their operating markets.
Furthermore, as if their achievements weren’t already impressive, Aristocrat also garnered three accolades at the Global Gaming Awards held in Las Vegas. They are undeniably on a winning streak!
