Inspired Q1 2023 Earnings Report
Key Takeaways
Inspired Entertainment reported strong first quarter results with double-digit growth in high-margin digital businesses and steady growth in land-based businesses. Revenue and Adjusted EBITDA improved year-over-year in both reported and functional currency.
The year is off to a strong start with double-digit growth in high-margin, capital efficient digital businesses.
Digital businesses contributed 67% of Adjusted EBITDA, up from 54% last year.
Interactive year-over-year growth rate accelerated to 38% this quarter from 24% during the fourth quarter of 2022.
Cash flow from operations more than doubled compared to last year, and the cash position increased by $3 million.
Inspired
Inspired
Forward Guidance
Inspired is excited about the future, with the land-based business providing steady growth and cash generation, and the digital business providing high growth and profitability with modest capital investment.
Positive Outlook
- Land-based business provides steady growth and substantial cash generation.
- Digital business provides a unique combination of strengths in the industry today.
- Digital business has high growth and high levels of profitability.
- Digital business requires modest capital investment.
- The outlook is bright and the company remains focused on delivering value to its shareholders.