Inspired Entertainment gains on better-than-expected revenue

Inspired Entertainment

11/03/2022 14:01

** Shares of gaming tech co  INSE.O  rise ~5% to $12.40
before the bell 
    ** Co posts Q4 revenue of $67 mln, beating analyst
expectations of $61.7 mln according to Refinitiv IBES data
 urn:newsml:reuters.com:*:nPn1GXNBda 
    ** INSE says Q4 rev grew 71% compared with year-ago period,
excluding reported VAT-related rev 
    ** Co beats revenue estimates for fourth consecutive quarter
- Refinitiv 
    ** Q4 revenue from INSE's gaming unit, its largest, rose 49%
to $26.8 million, excluding VAT, compared with a year earlier
    ** Co's revenue for Leisure segment nearly tripled to $23.5
mln in Q4 2021 from $8.3 mln in Q4 2020 
    ** Up to Thursday's close, stock had fallen 8.8% YTD

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))