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Sep 30, 2022
Inspired Q3 2022 Earnings Report
Reported strong third quarter results with growth in the online business and strength in the Gaming and Leisure segments.
Key Takeaways
Inspired Entertainment reported a strong third quarter, with Adjusted EBITDA exceeding last year's record performance on a functional currency basis. The company saw growth in its online business, particularly in Virtual Sports, and strength in its Gaming and Leisure segments. Total Revenue was $74.9 million compared to $77.6 million in the prior-year period.
Virtual Sports continued its impressive growth trajectory, producing its fifth record-setting Revenue and Adjusted EBITDA quarter in a row.
Online Virtual Sports doubled year-over-year versus strong comparatives.
The addition of new content and customers in Pennsylvania has led to an acceleration in Interactive growth rates in October.
Land-based business has held strong, with consumers continuing to frequent betting shops and pubs and staying local for holidays.
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
Inspired Entertainment continues to see solid results from its retail and digital businesses, demonstrating the strength and resilience of its business. The company remains mindful of the potential for a shifting macro environment, and are diligently managing cost containment efforts.
Positive Outlook
- Solid results from retail and digital businesses.
- Strength and resilience of the business.
- Healthy underlying momentum.
- Diversification of business model.
- Strong development pipeline.
Challenges Ahead
- Potential for a shifting macro environment.
- Managing cost containment efforts.
- Inflation.
- Supply chain issues.
- Significant cost pressures in the Holiday Parks business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income