Aristocrat Records Rising Profit In First Half Of Fiscal Year

Aristocrat Leisure Limited, the Australian developer of casino slot machines and digital games, has reported a normalized net profit after tax of 412 million dollars in the first half of 2020-2021 fiscal year, up 12 percent compared to the same period of the previous year.

The company’s good performance was aided by a strong rise in revenue from digital games. The Sydney-based company recorded revenue of 2.23 billion Australian dollars in the first half of the fiscal year, down just 1% compared to 2019-2020, when there was no coronavirus pandemic affecting the business.

Aristocrat’s revenue from digital games went up by a healthy 14.3 percent compared to the previous year, rising to 1.19 billion dollars. In fact, this growth pushed the Australian company into the top five mobile games publishers in Western markets, according to App Annie, a data analytics provider that focuses on mobile apps.

Moreover, Aristocrat had seven games into the top 100 in the United States during this period. However, their overall revenue in the Americas was down 11.1% to 810.2 million Australian dollars. The results in Australia and New Zealand were a bit better, with revenue going up 1.7% to 209.1 million dollars.

The Australian company finished the first half of the fiscal year with normalised earnings before interest, tax, depreciation and amortisation (EBITDA) of 750 million dollars, up 6 percent compared to the same period of the previous year.

One of the company’s main expenses was its investment in talent and technology, the only way to make sure it continues to deliver successful products both in the slots machines sector and in the digital games vertical.

In fact, Aristocrat invested 11 percent of its revenue into research and development, while cutting corporate costs by 3.5 million dollars compared to the previous corresponding period.

The company’s latest innovation was made public in March 2021, when it launched new products with responsible gaming features included. Aristocrat Leisure Limited is one of the oldest and most prestigious companies in the industry, it was founded in 1953. Now this Australian company is a global gaming powerhouse, operating in over 90 countries.

Source: . Aristocrat. May 24, 2021.