Inspired Entertainment’s revenue climbs 2% to US$297.1 million

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Gaming and technology provider Inspired Entertainment has reported that its 2024 fourth-quarter total revenue rose from US$81.2 million to US$83 million year-on-year.

Meanwhile, full-year revenue increased from US$292.3 million to US$297.1 million year-on-year. Both revenue increases represent a 2% rise.

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Inspired’s interactive division had the highest impact on the company, reporting US$11.6 million in revenue, a 45% increase compared to the previous year, which reported US$8 million.

Its full-year revenue also experienced a similar rise, up from US$27.9 million to US$39.3 million – a 40% difference.

Total adjusted EBITDA for the fourth-quarter grew 22% year-on-year, rising from US$25.3 million to US$30.9 million. In comparison, full-year adjusted EBITDA increased by 1% year-on-year, rising from US$99.2 million to US$100.1 million.

Inspired Executive Chairman Lorne Weil said, “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.”

Weil added, “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.”