Gaming Segment DeclineGaming 2Q revenues and EBITDA declined by 13% and 12% year-over-year.
Valuation ConcernsShares of INSE are currently trading sub-5x EV/EBITDA, below peers, recent supplier M&A transactions, and its historic levels.
Virtual Sports ChallengesVirtual Sports continues to face headwinds resulting in EBITDA being 16% below consensus.