Get all your news in one place.
100’s of premium titles.
One app.
Start reading
AAP
AAP
Business
Derek Rose

Move into mobile helps Aristocrat hit profit jackpot

Poker machine manufacturer Aristocrat Leisure has continued its diversification into mobile games. (Dan Peled/AAP PHOTOS)

Aristocrat Leisure has posted a 13 per cent jump in full-year profit, excluding the impact of currency fluctuations, as the poker machine manufacturer continued its diversification into mobile games.

Aristocrat on Wednesday said it made $1.3 billion in profit for the 12 months to September 30, up 21 per cent from the year before without the adjustments for changes in currency.

"I'm proud of the high-quality result that we are announcing today," chief executive and managing director Trevor Croker said.

"The growth that Aristocrat delivered over the period demonstrates the ongoing resilience, competitiveness and diversification of our portfolio, and sound fundamentals in the markets in which we operate."

Group revenue increased to $6.3 billion, up 13 per cent in reporting terms and seven per cent in constant currency terms.

Aristocrat said revenue for its Pixel United mobile games unit dropped 3.9 per cent in the year to $US1.8 billion ($A2.8 billion), but stabilised over the course of the year and was resilient in the face of a decline in mobile gaming.

The global games market declined five per cent during the 12 months to September 30, Aristocrat said. Pixel's pullout from the Russian market after the invasion of Ukraine also crimped revenue.

Still, Pixel boasted six of the top 100 games in the United States across multiple genres. Mr Croker said its performance was "exceptional" and highlighted the diversification and fundamental's strength of Aristocrat's business.

Aristocrat hopes to close on its $1.8 billion acquisition of NeoGames, an Israel-based technology provider for the online real money gaming industry, in the first half of 2024.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.