Inspired Entertainment Reports 45% Revenue Growth in Q4 2024

Inspired Entertainment, Inc. reported strong financial results for Q4 and the fiscal year 2024, surpassing Wall Street expectations with a revenue of $83 million, a 2.2% increase from the previous year. Despite a 22% decline in its Virtual Sports segment, the company’s Interactive segment saw a remarkable 45% revenue growth year-over-year, bolstered by success in key markets like the UK and North America. Net income for Q4 reached $68 million, compared to a loss in the same quarter last year, and adjusted net income increased to $4.7 million. Lorne Weil, the Executive Chairman, emphasized the resilience of their diversified business model and strategic initiatives, including new game launches and partnerships. While the overall revenue for the full year dipped to $297.1 million from $322.9 million in 2023, the company remains optimistic about future growth opportunities. Analysts predict a modest revenue growth outlook, indicating the need for continued strategic focus amidst ongoing regulatory challenges in the gaming sector.