Jefferies analysts remain uncertain about the mobile games department of Australia’s Aristocrat Leisure (ASX:ALL), known as Pixel United.
The brokerage house expressed caution following Pixel United’s 400-basis-point discrepancy on EBITDA margins in its first-half results.
Aristocrat Leisure labelled another successive month of stationary social gaming revenues, contrasting with other local game studios that reported approximately an 8% growth Year on Year, according to the brokerage.
The gaming company is presently broadening its collection with the proposed purchase of Israel-based NeoGames for an estimated $1 billion.
The shares of Aristocrat Leisure have increased by 35.1% this year, up to the most recent closing.
Aristocrat Leisure is an Australian gambling machine manufacturer, famed for its innovation in the gaming sector.