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INSE — Inspired Entertainment News Story

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Brief: Inspired Entertainment Q2 Revenue USD 80.3 Million

Overview

Inspired Q2 revenue rises 7% yr/yr, driven by record Interactive growth

Adjusted EBITDA for Q2 up 15%, fueled by Interactive segment performance

Co completes debt refinancing, issuing £270 mln notes and £17.8 mln credit facility

Outlook

Company optimistic about Virtual Sports growth in Brazil and UK

Inspired expects continued growth in Interactive segment

Company sees Gaming segment benefiting from Greece terminal deployments

Result Drivers

INTERACTIVE GROWTH - Interactive revenue rose 45% yr/yr, driven by North America and UK markets

GAMING PERFORMANCE - Gaming Adjusted EBITDA increased 35% due to Vantage cabinets rollout and cost efficiencies

VIRTUAL SPORTS MOMENTUM - Sequential growth in Virtual Sports driven by new content in Brazil and expanded UK partnerships

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$80.30 mln
Q2 Net Income-$7.80 mln
Q2 Adjusted EBITDA$28.40 mln
Q2 Adjusted EBITDA Margin35.0%
Q2 Operating Income$7.90 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the online services peer group is "buy" Wall Street's median 12-month price target for Inspired Entertainment Inc is $12.50, about 29.4% above its August 5 closing price of $8.82 The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nGNX80yDG7 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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