BUZZ-Jefferies highlights Aussie Aristocrat's May revenue rise and market share gains

Reuters

06-06

BUZZ-Jefferies highlights Aussie Aristocrat's May revenue rise and market share gains

** Jefferies highlights upbeat May data from SensorTower showing an increase in revenue for Aristocrat ALL.AX

** Says slot machine manufacturer's social casino revenue increased by 4% on both Android and iOS devices in May, while competitors' revenue was down 4%

** Adds, ALL has been gaining a larger share of the social casino market over the past 18 months; expects trend to continue

** Sees over mid-single-digit revenue growth in the Product Madness division in 2H25

** Maintains "buy" rating at a PT of A$63.03/shr

** 3 out of 11 analysts rate the stock "strong buy" while the rest rate it "buy"; their mean PT is A$72.19 — LSEG data

** Stock down 7.9% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

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