Robust Financial Performance:
Aristocrat, a gaming industry leader, has disclosed its impressive full-year results for 2023. With a noteworthy revenue and EBITDA gain, the company achieved an operating revenue of AUD 6.3 billion between September 2022 and September 2023. Despite this, the 13% year-on-year growth in operating revenue marks the company's lowest increase, primarily attributed to Pixel United's challenges.
Profit Surge and Earnings Per Share Boost:
Aristocrat reported a net profit of AUD 1.3 billion, a substantial 21% increase. The most significant surge came from the earnings per share, escalating by 26% to 189.6c.
Financial Highlights:
Operating cash flow reached AUD 1.79 billion, while the company closed the fiscal year with a cash debt of AUD 809 million. These figures underscore Aristocrat's financial stability and resilience.
Growth and Dominance in the US Market:
Aristocrat showcased robust growth in its Premium Class III and Class II installed base, surpassing 64,000 units with an 8.2% increase. Maintaining its supremacy in the US market, the company achieved a portfolio performance 1.4 times the floor average. Aristocrat's games dominated the charts, holding 19 of the top 25 Top Premium Leased games, 17 of the Top 25 Mechanical Reel games, and 14 of the top 25 Class II Video games.
CEO's Optimistic Outlook:
CEO Trevor Croker expressed pride in the company's achievements, highlighting the resilience and competitiveness of Aristocrat's portfolio. He emphasized the sound fundamentals in the markets where Aristocrat operates.
Strategic Partnerships and Expansion:
In addition to financial success, Aristocrat secured key partnerships in FY 2023. Notably, the collaboration with Formula 1 Heineken Silver Las Vegas Grand Prix marked a foray into professional sports, with Aristocrat's machines becoming the official slot machines for the prestigious event.