Inspired Entertainment reports Q2 adjusted EPS (19c) vs 18c last year

Reports Q2 revenue $80.3M, consensus $75.34M. “We are pleased to deliver another strong quarter, underscoring the continued strength across our diversified business model,” said Lorne Weil, Executive Chairman of Inspired. “Interactive remains a key growth engine, with revenue increasing 45% and Adjusted EBITDA increasing 49% year-over-year, driven by sustained momentum in North America and the UK. Interactive Adjusted EBITDA margin expanded to 67%, an increase of approximately 200 basis points versus prior year, reflecting the scalability of our digital operations. Hybrid Dealer continues to gain traction as we deploy new products as well as new markets with customers such as BetMGM, Caesars, bet365 and Loto-Quebec. We’re also beginning to see some early adoption among regional operators that traditionally have lacked access to live dealer solutions. While this phase of the roll out is just getting underway, initial indications from these customers are encouraging. We remain excited about its long-term potential as a scalable, high-margin product.