TipRanks

Notifications

Aristocrat Leisure Reports Strong Growth in 2024

Aristocrat Leisure Limited ( ($ARLUF) ) has released its Q4 earnings. Here is a breakdown of the information Aristocrat Leisure Limited presented to its investors.

Aristocrat Leisure Limited is a global entertainment and gaming content creation company, operating in regulated land-based gaming, mobile games publishing, and regulated online real money gaming. The company reported a normalised net profit after tax and before amortisation of acquired intangibles (NPATA) of AUD 1,555.1 million for the financial year ending September 2024, reflecting a 17% increase from the previous year.

The company’s revenue from ordinary activities rose by 4.9% to AUD 6,603.6 million, and profit before tax climbed 16.4% to AUD 1,932.9 million. Aristocrat’s diversified portfolio and strategic investments in talent, technology, and product development contributed to this growth. Key strategic moves included the acquisition of NeoGames and the sale of Plarium Global Limited. The company also increased its dividends, with a final unfranked dividend of 42.0 cents per share declared.

Aristocrat’s gaming segment experienced significant growth, particularly in North America Gaming Operations, with increased revenue and profit driven by the expansion of its Class III Premium and Class II installed base. The Pixel United segment also improved, driven by strong performance in Social Casino franchises and the game RAID: Shadow Legends. The Interactive segment saw substantial growth due to the inclusion of NeoGames results.

Looking forward, Aristocrat aims to expand its presence in regulated gaming and slot content, fostering growth and scale benefits by leveraging its core products and technology. The company’s focus remains on delivering high-quality growth, supported by strategic investments and operational excellence, to benefit shareholders, customers, and other stakeholders.

Tags: , ,
TipRanks Auto-Generated Newsdesk
Tipranks Auto-Generated Newsdesk is driven by TipRanks’ Financial Accountability Engine, which brings transparency and accountability to the financial markets. We level the playing field for retail investors, delivering all the news that publicly traded companies release. Our advanced AI scans company announcements, translating complex ideas into easily understandable articles, then sends the articles for editorial review. For any questions or comments, please write to support@tipranks.com.