Aristocrat Releases Spectacular 2017 Results
The results were solid, with the company enjoying a 15% increase in year over year revenues.
The results were solid, with the company enjoying a 15% increase in year over year revenues. That number is particularly impressive given the increased pressure within the industry generally. In addition, net profit after tax increased by 41.3% to $442m.
“Industry leading content, hardware and technology, coupled with effective execution focused on our highest value opportunities once again underpinned our performance,” said CEO Trevor Croker.
Digital Leads Growth
Most importantly, the increase was the result of growth in Aristocrat’s digital properties. Specifically, social casino gaming saw strong results — a huge victory in an increasingly important vertical within the online casino industry.
“Further growth in our core recurring revenue segments of gaming operations and digital social casino was particularly pleasing, with 52% of group revenues deriving from recurring sources during the year as well as growth in outright sales over the period,” Croker said.
Because it’s largely considered that whomever wins the current war to control the social gaming space will control the future, the strong performance there will go a long way towards convincing investors that Aristocrat deserves their confidence.
“Aristocrat delivered high quality results over the 2017 fiscal year, against a backdrop of mostly flat markets and increasing competitive pressure,” Cooker said.
On Track Long Term Growth
Adding to the upbeat narrative is the fact that Aristocrat also announced the acquisition of Big Fish Gaming just a few days ago.
Given the recent flurry of activities by companies looking to position themselves in an ever changing market, Aristocrat’s initiative to continue searching for new opportunities — even while enjoying its own spectacular results — shows the company isn’t letting success lull it into complacency.
Overall, Aristocrat’s strong 2017 leaves little doubt that the company’s overall health is solid and its fortunes bright. It’s safe to say everyone is anticipating more of the same in 2018.