The Australian gaming firm, Aristocrat Leisure, experienced a substantial decline in its fiscal performance for the year ending September 30, 2020. Earnings after taxes but before depreciation and amortization plunged by 47% compared to the previous year, reaching AU$476.6 million (roughly US$348.8 million). This downturn was primarily attributed to the COVID-19 crisis, which mandated the shuttering of casinos and other locations where Aristocrat’s offerings are situated.
In spite of these hurdles, the corporation still achieved AU$4.14 billion in income, although this constituted a 6% reduction relative to the prior year. Their online segment emerged as a positive highlight, representing 57% of overall income and illustrating the increasing significance of internet-based gaming. The Americas continued to be a vital market, comprising 33% of total income.
Aristocrat underscored its solid financial standing, emphasizing its ample cash reserves, minimal indebtedness, and generally sound financial position. They conveyed optimism in their capacity to weather the ongoing global health situation and sustain a trajectory of enduring expansion over the long run.