Swiftmail

News

Inspired Entertainment praises virtuals strength as Q4 revenue up 116


Inspired Entertainment Q4 revenue was $66.4m for 2019, a rise of 116% year-on-year.

Adjusted EBITDA for the period was $17.7m, up 69%, while net operating loss was $2.2m, a drop of 8% from 2018.

The gaming supplier attributed its strong performance to growth across its business segments and the acquisition of Novomatic Gaming Technology Group, a division of Novomatic UK which it purchased in October.

Businesses acquired by Inspired Entertainment contributed $32.9m to total revenue and $5.5m in adjusted EBITDA.

Lorne Weil, Executive Chairman of Inspired Entertainment, said: "We are excited about the growth prospects we are seeing across the company. We sold our first units in Illinois during the fourth quarter and have seen outstanding performance with all completed trials having resulted in follow-on orders.

“Our virtual sports business had its strongest-ever quarter and we saw growth across the board.

“The popularity of our gaming and virtuals content continues to fuel the growth in our interactive business and we are seeing impressive results from the recent launch of six new interactive customers in North America."

The supplier’s full year 2019 revenue was $115.4m, a rise of 9% year-on-year, while adjusted EBITDA was $49m, down 10%.