Business-to-business gaming content and technology provider Inspired Entertainment has reported that second-quarter revenues hit $75.6 million, mainly because of the performance of its Interactive sector, which saw a 40 percent increase compared to second quarter of 2023.
“Our Interactive segment had a record-breaking performance, achieving quarterly all-time highs in both revenue and Adjusted EBITDA, up 40 percent and 69 percent, respectively, compared to the same period last year,” Executive Chairman of Inspired Entertainment Lorne Weil said in a press release. “These results were achieved with only a modest contribution from our Hybrid Dealer product, which was live with just one product—the MGM Bonus City game show wheel—with a single customer and in a single market during the quarter.”
The adjusted EBITDA was $25.5 million, a 69 percent increase year-on-year, primarily from the Interactive sector. Additionally, the company brought in net income of $2 million during the second quarter.
“Overall, we’re encouraged by the overall trajectory of our business, including the success of our Interactive segment, coupled with the promising expansion of our Hybrid Dealer product, our strategic partnership with William Hill, and a range of initiatives in Virtual Sports,” Weil said. “As we continue to innovate and adapt to market dynamics, we remain committed to delivering long-term value for our shareholders.”
The news of Inspired Entertainment’s strong performance comes amid recent reports from an investor analyst that the company is “increasingly attractive.”
