Inspired Q4 2023 Earnings Report
Key Takeaways
Inspired Entertainment reported solid Q4 2023 results, driven by growth in digital verticals, particularly the Interactive segment, and strong performance in land-based operations. The company is focusing on expanding its content offerings and capitalizing on the evolving online betting and gaming markets.
Interactive segment revenue and Adjusted EBITDA increased approximately 41% and 39% year-over-year on a constant currency basis, respectively.
Virtual Sports business generated $12.9 million of revenue.
Land-based business, including Gaming and Leisure segments, recorded strong year-over-year revenue growth of 6% and 8%, respectively.
The company entered into $3.5 million of ālow marginā terminal sales to secure longer term recurring revenue streams.
Inspired
Inspired
Inspired Revenue by Segment
Forward Guidance
Inspired Entertainment sees opportunities for continued growth as the global online betting and gaming ecosystem evolves. The company aims to capitalize on expanding online betting and gaming markets globally.
Positive Outlook
- Expanding content offerings to include NBA and NFL-themed products.
- Catering to an expanding customer base including North America and Latin America.
- Benefit from more āVantageā placements during the back half of 2024.
- Success of āVantageā cabinet rollout gives us confidence in ongoing growth across our land-based gaming portfolio.
- Market-leading Virtual Sports products, distinctly innovative iGaming offerings like Hybrid Dealer, and unmatched content portfolio position us at the head of this digital transformation.