Inspired Entertainment Inc · Q4 2022 earnings

Briefing

Achieved double-digit, year-over-year top and bottom-line growth and reached a record annual revenue and a milestone $100 million in Adjusted EBITDA.

Inspired Entertainment reported strong Q4 2022 results, reflecting growth in the digital business and resilience in land-based businesses. Total Revenue was $78.6 million, compared to $67.0 million in the prior-year period. Net Income during the quarter was $3.1 million, compared to a loss of $1.2 million in the prior-year period.

• Total Revenue was $78.6 million, compared to $67.0 million in the prior-year period, with an adverse $11.3 million attributable to currency movement.
• Virtual Sports Revenue was a record $14.9 million compared to $11.0 million in the prior-year period, with an adverse $2.1 million attributable to currency movement.
• Interactive Revenue was $6.3 million compared to $5.7 million in the prior-year period, with an adverse $0.9 million attributable to currency movement, driven by growth in the U.S. and Canada.
• Net Income during the quarter was $3.1 million, compared to a loss of $1.2 million in the prior-year period, which included a $2.9 million loss in fair value of warrant liability.

Headline financials

Revenue & EPS history

Inspired Entertainment is focusing on significant growth opportunities in the future, which it intends to capture by using its best-in-class differentiated content to grow its presence in core markets, expand into new markets and extend into additional verticals.