Aristocrat profit up 17 percent to $484 million in first half of 2024

Aristocrat profit up 17 percent to $484 million in first half of 2024

Article brief provided by Inside Asian Gaming
  • Ben Blaschke, Inside Asian Gaming
May 16, 2024 1:31 PM
  • Ben Blaschke, Inside Asian Gaming

Global gaming giant Aristocrat has reported a 16.8% increase in net profit after tax to AU$723.3 million (US$484 million) in the six months to 31 March 2024, with the company citing strong growth in the North American slots market and scaling of its iGaming arm for a substantial rise in revenue.

Story continues below

Revenue for the period was up 6.1% year-on-year to AU$3.27 billion (US$2.19 billion), with EBITDA of AU$1.20 billion (US$804 million) representing a 17.6% increase. EBITDA margin was up 3.6pts to 36.6%.

In summarizing its 1H24 results, Aristocrat said it saw strong performance in North America Gaming Operations, where revenue grew by 5.8% to US$950.2 million reflecting expansion of the installed base and leading game portfolio performance.

Rest of the World revenue was up 6.6% to AU$376.7 million (US$252 million), driven by “strong game performance and a recovery in the sale of replacement units in Asia.”