Inspired Entertainment reports first quarter 2023 results

Inspired Entertainment reports first quarter 2023 results

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Inspired Entertainment reports first quarter 2023 results

Inspired Entertainment has recently published its financial analysis covering the first three months of 2023.

The report started off with some of the key figures of the company, such as its revenue, which went up by 9% from just over 60 million dollars to 66 million dollars. This led to a relatively smaller increase in the firm’s adjusted EBITDA, which went up 5% from 20 million dollars to 21 million dollars. Its EBITDA margin, on the other hand, decreased slightly from 33% to 32%.

Inspired’s net income was recorded at a loss of 200 thousand dollars in the period, down from the previous year’s income of 1.5 million dollars. In contrast, its adjusted net income grew from 2022’s figure of 700 thousand dollars to 3.6 million dollars. The company’s net income per share and adjusted net income per share statistics were recorded at a loss of 1 cent per share and an income of 13 cents per share respectively.

Broken down by segment, the company’s gaming division made the most in revenue at 27 million dollars. Leisure was next at a revenue of just over 17 million dollars, which was followed by virtual sports and interactive at 15 million dollars and 6.6 million dollars respectively.

Some of Inspired’s other noteworthy highlights in the year included a few important recently signed contracts, such as its collaboration with Aristocrat, through which the company got the ability to develop NFL virtual sports offerings with the latter’s license.

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