Inspired Entertainment, Inc. ( (INSE) ) has released its Q4 earnings. Here is a breakdown of the information Inspired Entertainment, Inc. presented to its investors.
Inspired Entertainment, Inc. is a leading B2B provider of gaming content, technology, hardware, and services, operating in the gaming, betting, lottery, social, and leisure sectors across retail and mobile channels worldwide.
In its latest earnings report, Inspired Entertainment, Inc. showcased a strong performance for the fourth quarter and the fiscal year ending December 31, 2024, with significant growth in its Interactive segment and improved profitability in its Gaming segment.
The company reported a fourth-quarter revenue of $83.0 million, driven by a 45% year-over-year increase in Interactive revenue. Net income for the quarter reached $68.0 million, with an adjusted EBITDA of $30.9 million, marking a 22% increase from the previous year. The Gaming segment saw a 42% growth in adjusted EBITDA, while the Leisure segment reported a 7% revenue increase. Despite challenges in the Virtual Sports segment, the company initiated strategic measures to streamline operations and reported high single-digit revenue growth from its broader customer base.
Looking ahead, Inspired Entertainment is focused on expanding its digital businesses, optimizing land-based operations, and investing in new market opportunities. The management expressed confidence in driving sustainable growth and creating shareholder value through ongoing initiatives and strategic partnerships.