Inspired Q3 2023 Earnings Report
Key Takeaways
Inspired Entertainment reported its Q3 2023 results, with a focus on the growth of its digital business and the impact of one-time sales and a ransomware attack on Adjusted EBITDA. The company saw significant growth in its Interactive segment and is optimistic about future growth, particularly in North America and Latin America.
Adjusted EBITDA margin for the third quarter was 27%, but excluding Low Margin Gaming Hardware sales, the margin was 36 %.
Aggregate digital business Adjusted EBITDA grew 9% to $16.4 million.
Interactive segment revenue and Adjusted EBITDA increased 28% and 55% year-over-year on a constant currency basis, respectively.
The company repurchased $1.5 million of its stock during the third quarter.
Inspired
Inspired
Inspired Revenue by Segment
Forward Guidance
The company expects its fourth quarter Adjusted EBITDA to be in-line with consensus.