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Strong gaming performance in North America boosts Aristocrat's Q1 results

Australian-based supplier and US giant Aristocrat has announced its revenue results for the first half of 2024, which has seen an overall increase in revenue.

Aristocrat rev results
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Aristocrat has announced its H1 2024 revenue, reporting net profit after tax and before amortization of acquired intangibles (NPATA) of AU$764m (US$510m). This was 16% above the previous year’s NPATA.

Revenue has been valued at AU$3.3bn, an increase of 6% year-on-year. EBITDA of AU$1.2bn was 18% more than last year’s number of the same period.

Aristocrat CEO and MD Trevor Croker has attributed the growth to strong performance in its gaming sector, particularly in North America. 

“The group delivered strong revenue and EBITDA growth over the half. This was underpinned by record Aristocrat Gaming performance, led by an exceptional North America Gaming Operations result, and strong growth in Aristocrat Interactive, while Pixel United achieved improved profitability despite mixed market conditions.

"The result again highlights resilience and scale as fundamental strengths of our business, supported by an effective focus on operational efficiency and extracting operating leverage.”

He also announced that Moti Malul, the previous CEO of NeoGames, will be leading Aristocrat Interactive as the new CEO. The company will continue to focus on portfolio performance and capturing significant strategic opportunities that the integration of NeoGames will bring them. 

In terms of capital management, Aristocrat returned $828m to shareholders through dividends and share buy-backs. Additionally, the supplier announced a $350m increase in its share buy-back program, set to continue until February 2025.

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