Inspired Entertainment’s Revenue Up 2% to $297M in 2024
Key Takeaways
Inspired Entertainment generated revenue of USD 297.1 million in fiscal year 2024, representing a 2% increase compared to the previous year. The “Interactive” segment saw particularly strong growth, with revenues rising by 41% to USD 39.3 million. While the Leisure segment also experienced growth, the Gaming and Virtual Sports segments recorded slight declines. The company’s net profit increased significantly to USD 65.8 million.
Revenue Development in Q4 2024
In the fourth quarter of 2024, Inspired Entertainment generated revenue of USD 83 million, marking a 2% increase compared to the same period in the previous year. Notably, the Interactive segment saw strong growth, rising by 45% to USD 11.6 million. The Leisure segment contributed USD 22.5 million to the quarterly revenue.
Despite the positive developments in these areas, the Gaming and Virtual Sports segments recorded declines of 1% and 22%, respectively. Nevertheless, the company significantly increased its net profit in Q4 – from a loss of USD 1.7 million in Q4 2023 to a profit of USD 68 million. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by 22% to USD 30.9 million.
Fiscal Year 2024 Results: Growth in the Interactive Segment
For the full fiscal year 2024, Inspired Entertainment achieved revenue of USD 297.1 million, reflecting a 2% increase. The “Interactive” segment proved to be particularly successful, increasing its revenue by 41% to USD 39.3 million. The Leisure segment also grew by 6% to USD 101.8 million.
In contrast, revenue in the Gaming segment declined slightly by 1% to USD 110.6 million. The Virtual Sports segment experienced a 19% drop to USD 45.4 million. Despite these declines, Inspired Entertainment increased its net profit to USD 65.8 million – a significant jump compared to USD 5.8 million in the previous year. Adjusted EBITDA rose by 1% to USD 100.1 million, with an EBITDA margin of 34%.
Our Assessment
Inspired Entertainment demonstrates solid performance with its latest financial results. The strong growth in the Interactive segment stands out positively. While Gaming and Virtual Sports recorded slight declines, the company was able to significantly increase its net profit overall. The figures suggest that the focus on digital offerings and interactive content will continue to play a crucial role in future growth.
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