2337 GMT - Citi came away from Aristocrat Leisure's annual result more confident about its Social Casino business. Aristocrat this week sold its Plarium mobile gaming business for up to $820 million. Stripping Plarium out, analyst Adrian Lemme said the "margin and earnings of Social Casino are significantly higher than we expected (on much lower operating costs)." So, Citi upgrades its Ebita forecast for Digital, excluding Plarium by 8% in FY 2025. That assumes an Ebita margin of 42%. Citi retains a buy call on Aristocrat.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 13, 2024 18:37 ET (23:37 GMT)
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