The Australian gaming powerhouse, Aristocrat Leisure, experienced a substantial profit reduction during the 2020 financial year. Their declared earnings after taxes but before depreciation and amortization plummeted by 47% in comparison to the preceding year, reaching a total of AU$476.6 million (roughly US$348.8 million). This decrease occurred despite the firm generating AU$4.14 billion in income. Nevertheless, this revenue figure signifies a 6% decline when contrasted with the prior year.
A positive aspect for the company was its digital division, which emerged as their most lucrative area, constituting 57% of overall income. This robust performance in the digital realm underscores the continuing transition towards internet-based gaming, a pattern intensified by the worldwide health crisis. Trailing closely behind the digital sector was the Americas territory, responsible for 33% of the total revenue.
In the face of obstacles presented by the COVID-19 pandemic, Aristocrat displayed adaptability. As anticipated, their land-based operations were adversely affected due to closures and limitations related to the pandemic. However, the corporation maintains a positive outlook on the future, expressing assurance in a “prolonged path of superior, enduring expansion.” This confidence is supported by their solid financial position, minimal debt, and a healthy financial statement.