Inspired Entertainment: Q4 & FY 2024 revenue both rise by 2%

These symmetrical year-over-year rises were driven by high interactive revenue figures.

Supplier Inspired Entertainment has unveiled its latest financial results, highlighting revenues of $83m and $297.1m for Q4 and FY 2024, respectively.  

Indeed, these respective results also represent identical year-over-year rises of 2% for both time periods. Further, the organization has specified that its Q4 2024 overall revenue rise was primarily driven by strong interactive revenue performance.  

Q4 2024  

As specified, Inspired Entertainment’s overall revenue figure rose by 2% in comparison to results from Q4 2023 to a figure of $83m – despite decreases of 1% and 22% in gaming and virtual sports revenues, respectively. These drops in two key company sectors were, however, juxtaposed by a record year-over-year rise in interactive revenue of 45%, which settled at $11.6m.  

Further, Inspired’s leisure sector also saw its revenue rise by 7% during the quarter, accounting for a total of $22.5m of the overall revenue figure. Elsewhere, adjusted EBITDA also saw an increase of 22% year-over-year, hitting a total figure of $30.9m for the quarter. Net income also rose from -$1.7m during Q4 2023 to $68m during Q4 2024.  

FY 2024  

Regarding the supplier’s full-year financial results, overall gaming revenues, again, decreased by 1% to $110.6m, paired with a fall of 19% in virtual sports – which settled at $45.4m. Despite this, interactive revenues over the course of the year rose by 41% to $39.3m, with leisure rising by 6% to $101.8m, making for an overall revenue rise of 2% year-over-year to $297.1m.  

Interestingly, Inspired’s net income for the full year was lower than figures from the year’s final quarter – as FY24 net income reached $65.8m – up from the $5.8m reported the year prior. Adjusted EBITDA saw a rise of 1% to $100.1m – with an adjusted EBITDA margin of 34%.  

Good to know: These latest Q4 results also represent a revenue increase of 6.2% in comparison to Q3 2024  

The year’s highlights  

2024 saw Inspired Entertainment extend its long-standing collaboration with bet365 in July – followed by the signing of a new licensing agreement with the NHL in October. These developments were both closely followed by the simultaneous appointments of a new CFO and CAO in November.  

More recently, the supplier has had a busy start to the new calendar year, drawing up new partnership arrangements in the US market with Caesars, Altenar and Rush Street Interactive.  

Commenting on these latest financial results, Inspired Executive Chairman, Lorne Weil, said, “We ended the year with a fourth quarter that reflects the strength and resilience of our diversified business model. We are pleased to report another quarter of robust performance in our Interactive segment, with revenue growing 45% year-over-year and adjusted EBITDA more than doubling.

“This growth continues to be driven by strength in the UK, North America, and continental Europe. Our fourth quarter adjusted EBITDA margin in interactive expanded from 50% to 71% year over year, showcasing the scalability of our digital operations. We’re particularly encouraged by the substantial progress we’ve made in our Hybrid Dealer rollout strategy, including the successful launch of our MGM Bonus City game with BetMGM in Michigan and achievement of a significant milestone with the commitment to our revolutionary Hybrid Dealer Roulette game in Canada by Loto-Québec.

“Additionally, we announced bet365 as the first customer to offer the Hybrid Dealer product in the UK. We expect to add our Roulette 4 Ball Extra Bet game to the portfolio early in the second half of 2025 and the pipeline for our Hybrid Dealer product continues to be robust.” 

Will Underwood

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