Inspired Q3 2024 Earnings Report
Key Takeaways
Inspired Entertainment reported strong Q3 2024 results, with Interactive revenue growing 40% year-over-year and EBITDA increasing 47%. The Gaming segment saw EBITDA increase by 29% year-over-year. Virtual Sports faced headwinds from a key customer, but the broader business saw high single-digit revenue growth. The Leisure segment delivered 5% revenue growth and improved EBITDA margin.
Interactive revenue grew 40% year-over-year, with EBITDA increasing 47% and a margin of 67.6%.
Gaming segment EBITDA increased 29% year-over-year due to an improved revenue mix.
Virtual Sports broader business saw high single-digit revenue growth, with industry-leading margins of nearly 79%.
Leisure segment delivered 5% revenue growth and a meaningful improvement in EBITDA margin to 30.6%.
Inspired
Inspired
Forward Guidance
Inspired remains focused on expanding digital businesses, optimizing land-based operations, and investing in new market opportunities.
Positive Outlook
- Strong performance of Interactive.
- Improving profitability in Gaming.
- Ongoing investments in Virtual Sports content.
- Investments in new markets.
- Confidence in driving sustainable growth and shareholder value creation.