Global gaming giant Aristocrat has reported a 20.0% increase in EBITDA to AU$1.85 billion (US$1.25 billion) and 13.9% increase in net profit after tax to AU$1.05 billion (US$710 million) for the financial year ended 30 September 2022.
The impressive results were driven by a 17.7% increase in revenue to AU$5.57 billion (US$3.77 billion), with the company pointing to “exceptional performance” in North American gaming and in outright global sales despite supply chain issues and mixed operating conditions across its key markets.
All segments showed strong growth, with revenue in the Americas up 32.3% to AU$2.42 billion (US$1.64 billion) and in Australia and New Zealand by 15.2% to AU$460.7 million (US$311 million).
Social gaming platform Pixel United saw revenue rise by 5.0% to AU$2.59 billion (US$1.75 billion) while International Class III grew by 138% to AU$106.8 million (US$72 million).
As a result, normalized profit after tax increased 27% year-on-year to AU$1.10 billion (US$744 million) with Aristocrat’s CEO and Managing Director Trevor Croker praising the progress of the company’s ongoing expansion plans.
“Aristocrat’s performance underlines the ongoing implementation of our growth strategy,” Croker said. “Throughout the year, we continued to invest in competitive product portfolios to drive further share growth across key segments, greater operational diversification and deeper business capability.
“Aristocrat delivered an increase in revenues of almost 18% year on year, and an annual profit of $1.1 billion that exceeded our 2019 financial year performance by approximately 23%. This highlights the strength of our post-COVID recovery and our ability to execute in a challenging environment.
“Strong performance in Aristocrat Gaming more than offset headwinds in the Pixel United business, again highlighting the increasing diversification and resilience of our Group.
“We have made further progress in our ‘build and buy’ strategy to scale in online RMG, with the launch of our new business, Anaxi. While we are focusing first on the North American i-Gaming vertical, we ultimately aim to be the leading gaming platform within the global online RMG industry. We will continue to invest behind this key adjacent growth opportunity as we build Anaxi over the medium-term.
“As we look ahead, we believe that Aristocrat’s outstanding product portfolios, growing operational resilience and capability, along with a highly engaged team and strong culture, positions us well to maintain our momentum despite uncertain conditions.”
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