Aristocrat Leisure has announced its financial results for the year ending on September 30th, 2022 revealing strong revenue growth of 17.7% compared to the previous reporting period.
Revenue for the year amounted to AU$5.57 billion (€3.62 billion) up from the AU$4.73 billion (€3 billion) reported in FY21. This resulted in an annual profit of AU$1.1 billion (€715 million) topping 2019’s pre-pandemic figure by 23%.
In a press release announcing the results, Aristocrat Chief Executive Officer and Managing Director, Trevor Croker, said:
“Aristocrat’s performance underlines the ongoing implementation of our growth strategy. 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.”
Croker also noted the launch of Aristocrat’s online brand Anaxi as a highlight of the year along with the brands ‘build and buy’ strategy that saw it acquire Roxor Gaming. This followed a tumultuous period that saw a takeover of PlayTech fall though at the eleventh hour.
“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 iGaming 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.”
Aristocrat’s Pixel United business brought in roughly half of the company’s revenue at AU$2.59 billion (€1.68 billion) while land-based business in the Americas generated AU$2.42 billion (€1.57 billion). Australia and New Zealand contributed AU$460.7 million (€299.5 million).
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.