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Sep 30, 2024
Inspired Q3 2024 Earnings Report
Inspired's Q3 2024 results demonstrated the resilience of its diversified business model, driven by Interactive's standout performance and positive momentum in Gaming.
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%.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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