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Mar 31, 2021
Inspired Q1 2021 Earnings Report
Inspired's Q1 2021 financial results were reported, reflecting the impact of COVID-19 closures and growth in Interactive and Online Virtuals channels.
Key Takeaways
Inspired Entertainment reported Q1 2021 results with a total revenue of $22.8 million, a net loss of $16.7 million, and Adjusted EBITDA of $3.9 million. The company's land-based businesses were significantly impacted by COVID-19 closures, while Interactive and Online Virtuals channels showed strong growth.
Total revenue reached $22.8 million.
Net loss amounted to $16.7 million.
Adjusted EBITDA was $3.9 million.
Interactive revenue increased by 143.2% year-over-year.
Inspired
Inspired
Inspired Revenue by Segment
Revenue by Segment
Gaming Revenue
CapyFin.comVirtual Sports Revenue
CapyFin.comInteractive Revenue
CapyFin.comLeisure Revenue
CapyFin.com Forward Guidance
Management expects third quarter 2021 Adjusted EBITDA to be $28.0 million to $30.0 million, with Adjusted EBITDA margins of 38.0% to 39.0%, assuming land-based businesses reopen by the end of second quarter 2021.
Positive Outlook
- Strong consumer demand in markets upon full reopening.
- More efficient cost structure.
- Improved liquidity.
- Larger customer base.
- Increased growth opportunities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income