Aristocrat Leisure Posts Strong First Half 2022 Results Driven by Growth Across Gaming Segments
The prominent Australian gaming entity, Aristocrat Leisure, announced robust financial results for the initial six months of its 2022 fiscal year, ending March 31, 2022. Revenues climbed significantly to AUD 2.75 billion (equivalent to roughly USD 1.92 billion), marking a 23% surge compared to the corresponding period in the preceding year.
The company witnessed remarkable growth in its earnings before interest, taxes, depreciation, and amortization (EBITDA), which escalated by 30% year-over-year, reaching AUD 970.3 million. This translated into an enhanced EBITDA margin of 35.3%, reflecting a 1.9 percentage point improvement.
Profitability emerged as a standout aspect, with normalized profit after tax and before amortization of acquired intangibles (NPATA) hitting AUD 580 million, representing a substantial 41% leap from the prior year.
Aristocrat attributed this positive performance to a confluence of factors, including the ongoing expansion and diversification of its Pixel United (mobile gaming) and Gaming segments. The company also underscored the strong resurgence in its conventional casino machine sales, propelled by the relaxation of Covid-19 limitations and a surge in customer expenditure on its high-performing offerings.
CEO and Managing Director Trevor Croker, commenting on the financial outcomes, remarked, “Aristocrat demonstrated resilience and agility in its performance despite navigating through persistent uncertainties and obstacles. We implemented proactive measures to safeguard our workforce and core business principles while allocating resources to expedite our growth strategy.”
He further emphasized the company’s dedication to innovation, stating, “Our sustained investments in talent acquisition, technological advancements, and product development are fueling continuous market share expansion across all our operational domains and underpinned our robust revenue and profit growth in the first half of fiscal 2022.”
We were truly accelerating the expansion of our digital wagering platform – envision attracting new customers and acquiring several promising ventures. Our objective? To become the leader in the international online betting arena. We are even preparing to introduce our internet-based gaming offerings in a few American states before the conclusion of 2022.”
