Aristocrat spins big in 1H18 with 285 revenue surge

first_img Load More Aristocrat wins battle over intellectual property rights with US$3 million settlement RGB expecting strong 2019 despite second quarter revenue, profit decline Discussing the results, CEO and Managing Director Trevor Croker said, “Aristocrat has delivered another period of strong growth and operational performance, built on outstanding talent, product, technology and improved front-end execution.“The strong 32% profit improvement over the six months to 31 March 2018 demonstrates the soundness of our strategy whilst highlighting our broadening ambition as we make substantial progress expanding our addressable market across both digital and land-based segments.”Aristocrat revealed that the number of total daily active users on its digital platforms had increased six-fold in the period to 8.3 million, while American operations saw an AU$42.9 million improvement in post-tax profit.The company said it expects to successfully defend its market-leading positions in the North American, ANZ and other international markets over the coming year. It added that Aristocrat will continue to increase its investment in content and technology in its land-based business as well as expansion of its digital operations via social casino and social games.“Aristocrat will continue to push for growth by increasing our strategic investment in design and development in order to protect and extent market leading positions, while attacking attractive adjacencies,” Croker said.” Slot machine giant Aristocrat Leisure saw its revenue soar by 28.5% to AU$1.58 billion in the six months to 31 March 2018, driven by strong growth in the group’s Americas and digital business plus “further lift in performance” in the ANZ region.Continuing its upward momentum, Aristocrat also saw its operating revenue jump 33.6% to AU$1.64 billion, while EBITDA grew 28.9% to AU$642.9 million. Profit after tax increased 2.8% to AU$256.5 million, with NPATA growing 32.5% to AU$361.5 million. RelatedPosts South Korea’s foreigner-only casinos see revenues grow in Augustlast_img read more