earnings
confidence high
sentiment neutral
materiality 0.65
Inspired Q2 revenue flat at $75.6M; net income drops 64% to $2.0M; Interactive AEBITDA up 69%
Inspired Entertainment, Inc.
2024-Q2 EPS reported
-$0.13
revenue$138,700,000
- Revenue ex low-margin hardware $75.6M (+1% YoY); total revenue $75.6M (-5% YoY due to no low-margin sales).
- Net income $2.0M vs $5.6M YoY; diluted EPS loss $0.07 vs $0.20 YoY.
- Adjusted EBITDA $25.5M (-6% YoY); Interactive segment AEBITDA record $6.1M (+69% YoY).
- Signed 6-year William Hill deal for 5,000 Vantage terminals; Mecca Bingo 5-year $12.7M contract for 170 machines.
- Virtual Sports revenue $11.7M (-23% YoY); company expects H2 Virtual Sports revenue to exceed H1 2024.