Traders should monitor the acceleration in Interactive growth and margin expansion as key indicators of successful digital transition. Despite near-term revenue headwinds in legacy segments, the 2026 EBITDA guidance and strong digital momentum could support valuation re-rating if execution continues.
Price Chart
Executive Summary
Inspired Entertainment reported Q4 2025 results with $77.2M revenue, down 7% YoY, driven by a 53% surge in Interactive revenue and a record 42% Adjusted EBITDA margin. The company highlighted a strategic shift toward digital, divested its holiday parks business, and issued 2026 guidance with full-year Adjusted EBITDA expected between $112M and $118M, representing double-digit growth excluding divestiture impacts.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $77.2M, down 7% YoY, due to declines in Gaming, Virtual Sports, and Leisure segments.
- Interactive revenue grew 53% YoY to $17.8M, driving record Adjusted EBITDA of $32.3M (up 5%) and a 42% margin.
- Full-year 2025 revenue was $304.1M (+2% YoY), with Adjusted EBITDA of $111.4M (+11% YoY).
- Company divested UK holiday parks for £18.6M in November 2025 and repaid $13.3M of debt in Q1 2026.
- 2026 Adjusted EBITDA guidance is $112M–$118M, with Q1 expected to grow at least 20% YoY.
Financial Impact
Revenue declined 7% YoY in Q4 but digital segments (Interactive + Virtual Sports) grew 53% and showed margin expansion. Full-year Adjusted EBITDA increased 11% to $111.4M. 2026 guidance implies 12–17% growth over 2025 Adjusted EBITDA.
Risk Factors
- Revenue decline in core Gaming and Virtual Sports retail segments may pressure near-term top-line growth.
- 2026 UK online gaming tax changes could negatively impact profitability despite current guidance.
- Heavy reliance on non-GAAP metrics like Adjusted EBITDA may obscure underlying GAAP profitability challenges.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3252610 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 22, 2026 22w ago | 10-K/A | $7.32 $8.04 | ▲ +9.84% | ▲ +11.78% | $3.25 (−55.60%) |
May 7, 2026 24w ago | Press Release | $8.10 $7.43 | ▼ −8.27% | ▼ −11.41% | $3.25 (−59.88%) |
May 7, 2026 24w ago | 8-K | $8.10 $7.43 | ▼ −8.27% | ▼ −11.41% | $3.25 (−59.88%) |
May 6, 2026 24w ago | Press Release | $8.10 $7.43 | ▼ −8.27% | ▼ −11.41% | $3.25 (−59.88%) |
Apr 24, 2026 26w ago | Press Release | $7.04 | awaiting T+20 | — | $3.25 (−53.84%) |
Mar 10, 2026 33w ago | Press Release | $7.90 $7.07 | ▼ −10.51% | ▼ −10.35% | $3.25 (−58.86%) |
US Market Status
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