Aristocrat Lesiure Ltd shares plunged 13% to $58.97 in early trade — the steepest fall since 2020 — as investors overlooked a dividend boost and focused on earnings misses.
Normalised EBITDA of $1.25 billion fell short of Bloomberg’s $1.32 billion forecast, while revenue of $3.03 billion missed the $3.3 billion estimate.
Reported EBITDA rose 13% to $1.2 billion. Aristocrat will pay an unfranked interim dividend of 44 cents on July 1.
Jefferies cited a 6% EBITA miss, driven by fee-per-day weakness and $15 million in legal costs, though noted strong US volume and Interactive performance.