Aristocrat’s Revenue Jumps 22.7% Year-On-Year

Aristocrat’s Revenue Jumps 22.7% Year-On-Year

Aristocrat Leisure has posted a strong FY performance and reported a 22.7% year-on-year increase in revenue for the 12 months to 30 September. The company grossed AUD$4.40bn (£2.32bn/€2.71bn/US$3.00bn for the FY.

The company’s increased revenue figures can be attributed mostly to its American Division which chipped in $1.95bn of the total, representing a 23.3% increase from the previous year.

“We also made significant strides in bedding down recent Digital acquisitions, leveraging critical skill sets and establishing a diversified portfolio approach, analogous to our proven land-based growth strategy,” Aristocrat chief executive Trevor Croker explained.

“The successful global launch and scaling of RAID: Shadow Legends, our first entry into the CRPG genre, contributed to our performance and generated valuable insights we will apply to future game launches and genre entry strategies.”

“Aristocrat delivered another year of high-quality profit growth in fiscal 2019, further extending our track record of share taking and organic momentum, driven by strong investment in talent, product portfolios, and marketing across our Land-based and Digital businesses,” Croker commented.

“Sustained operating performance drove strong free cash flow generation, which was in turn invested to fund further growth, pay progressive dividend increases and provide significant balance sheet optionality for the future.”

The company has said that it is expecting similar growth figures for the current fiscal which started October 1.

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