)
Visual21 Nov 2025
Data center suppliers
Inspired Entertainment (INSE) investor relations material
Inspired Entertainment Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Q3 2025 revenue reached $86.2 million, up 12% year-over-year, led by a 48% surge in Interactive revenue and strong Gaming segment growth, while Virtual Sports declined due to regulatory changes in Brazil.
Adjusted EBITDA grew 11% to $32.3 million, with Interactive Adjusted EBITDA up 55% year-over-year; trailing 12-month Adjusted EBITDA was $110 million.
Net operating income was $9.7 million, but a net loss of $1.9 million was reported, mainly due to higher interest expense and a $5.9 million impairment from the UK holiday parks sale.
Sale of the UK holiday parks business for £18.6 million supports a shift to a higher-margin, digital-led, asset-light model, with proceeds used to improve net leverage.
Board authorized a $25 million share buyback program, reflecting strong cash generation and improved financial position.
Financial highlights
Q3 2025 total revenue: $86.2 million (+12% YoY); Adjusted EBITDA: $32.3 million (+11% YoY); Adjusted EBITDA margin: 37%.
Nine months ended September 30, 2025: revenue $226.9 million (+6% YoY), Adjusted EBITDA $79.1 million (+14% YoY).
Net operating income for Q3 2025 was $9.7 million; net loss was $1.9 million; adjusted net income was $8.3 million.
Senior secured net leverage ratio at September 30, 2025 was 2.83x, with a target to reduce below 2x by 2027.
Cash at September 30, 2025: $36.3 million; liquidity includes $24.0 million undrawn revolver.
Outlook and guidance
Full-year 2025 Adjusted EBITDA projected to exceed $110 million, with Q4 expected to show year-over-year growth.
Targeting over 45% Adjusted EBITDA margin by 2027, with digital mix rising to 60%+ and cash capex decreasing to $30–35 million annually.
Free cash flow conversion projected to reach 25–30% of EBITDA by 2027.
Net leverage ratio targeted to fall to 2.0x or below by 2027.
Significant upside potential from new iGaming states and international expansion, not yet factored into projections.
What specific levers mitigate UK tax changes?
New iGaming states: what's the timeline expectation?
What's needed for US Virtual Sports acceleration?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Inspired Entertainment earnings date
Q4 202513 Mar, 2026
Next Inspired Entertainment earnings date
Q4 202513 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Inspired Entertainment Inc. is a global gaming technology company that provides content, hardware, and services for regulated gaming, lottery, betting, and social online gaming markets. The company specializes in developing virtual sports, interactive casino games, and gaming machines, delivering these products to land-based, online, and mobile operators. Inspired’s portfolio includes digital content and platforms designed to enhance player engagement across multiple channels. In addition, the company offers gaming management systems and other services to support its clients in optimizing their operations. The company is headquartered in New York, New York, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage