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Aristocrat soars with record profits in fiscal H1 2024 

Jenny Ortiz May 16, 2024
Aristocrat soars with record profits in fiscal H1 2024 
Aristocrat Leisure Limited has reported a significant 16.8 percent increase in net profit after tax (NPAT), reaching AU$723.3 million (€444.8 million) during the first half of its fiscal year. This growth was driven by robust performance across its gaming, Pixel United, and interactive divisions. 

Strong performance across divisions; Asia revenue and profit double 

Aristocrat Gaming’s North America operations achieved a profit of $22.3 million, despite a 9 percent decline in outright sales. The Rest of World segment saw a remarkable 29.1 percent increase in profit, totaling AU$179.3 million (€110.2 million), with Asia leading the growth due to strong game performance, particularly with recent releases like Dragon Link and Bao Zhu Zhao Fu.  Overall, the Rest of World segment contributed AU$376.7 million (€231.7million) to the group’s revenue, marking a 6.6 percent increase. 

Market leadership in Australia and New Zealand 

In Australia and New Zealand (ANZ), Aristocrat retained its market-leading share, accounting for 38 percent of the market and selling 4,033 units. 

Impressive financial results 

The group’s overall revenue surged by 6.1 percent, reaching nearly AU$3.27 billion (€2 billion) for the six-month period. Earnings before interest, taxes, depreciation, and amortization (EBITDA) witnessed a remarkable increase of 17.6 percent, totaling AU$1.19 billion (€731 million).   CEO Trevor Croker attributed the strong results to record performance in Aristocrat Gaming, solid growth in Aristocrat Interactive, and improved profitability in Pixel United despite mixed market conditions. 

Segment highlights 

Pixel United, the group’s second-largest revenue contributor, saw a revenue drop of 1.8% to $875 million but achieved a 16.8 percent increase in segment profit, reaching $306.9 million. Aristocrat Interactive, the newly launched segment, experienced a substantial 48.6 percent revenue growth to $71.9 million, with profit surging by 207.7 percent to $20 million. 

Aristocrat’s outlook 

The company said it expects continued profit growth for the full fiscal year, driven by strong market share, revenue, and profit growth in Aristocrat Gaming.  

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