Sydney, Feb 20, 2026, 16:57 AEDT — After-hours
- Aristocrat Leisure (ASX:ALL) closed down 4.6% at A$48.00, near its 52-week low
- CEO said FY26 trading is on plan but Interactive content growth is “below our aspirations”
- Next markers: Monday’s reopen, and July 2026 product and iLottery launches
Aristocrat Leisure shares slid 4.6% on Friday to end at A$48.00, after hitting an intraday low of A$47.78 as heavier selling built into the close. Volume was about 3.7 million shares, and the stock is now about 5% lower than Wednesday’s close. (Investing.com)
The broader S&P/ASX 200 finished little changed, down 0.05% at 9,081 points, leaving Aristocrat’s move looking stock-specific in the final hour. With the Australian market shut until Monday, some desks will be watching whether the drop pulls in dip-buyers or invites another round of de-risking. (Trading Economics)
At Thursday’s annual general meeting update, chief executive Trevor Croker said “financial performance year to date is positive and consistent with our plans,” while warning that “content revenue growth is tracking below our aspirations” in Aristocrat Interactive, its regulated online real-money gaming business. He also flagged about A$45 million of legal cost recovery to be recognised in corporate costs from the Light & Wonder settlement, with the remainder of the US$127.5 million settlement expected to be booked as a significant item. Croker said 2026 performance is likely to be weighted to the second half because of product launch timing, with a Lightning Link release for Interactive and iLottery contract starts in Massachusetts and Michigan both expected around July 2026. (Company Announcements)
In separate prepared remarks, chairman Neil Chatfield said the group increasingly sees “AI-based technology development and data analytics as a clear opportunity” and will keep funding it, noting close to 70% of revenue comes from regulated markets. He said the company would “not hesitate to robustly defend and enforce” its intellectual property after the Light & Wonder litigation and pointed to a court decision on its “Hold and Spin” patents. (Company Announcements)
Shareholders backed all resolutions put to the meeting, the company said in an ASX filing, including adoption of the remuneration report without triggering Australia’s “two-strikes” threshold. The poll also approved equity awards and board-related items on the agenda.
Light & Wonder, a key global peer in slot-machine content, remains the most obvious reference point for investors tracking both competition and IP risk in the sector.
But the second-half weighting Croker flagged leaves less room for timing slips. If key launches land late, or if Interactive content growth does not improve, the market will keep pressing on what looks like a stretched runway.
Some investors will also focus on the mix inside the U.S. land-based cycle. Croker told shareholders destination markets have shown “some softness,” offset by steadier regional performance — a split that can shift fast if consumer traffic fades.
For the week ahead, attention turns to Monday’s open and whether the stock stabilises near the bottom of its recent range after two volatile sessions.
