Inspired Entertainment Q1 Adjusted EBITDA Surges 29% to $23.7M on 38% Interactive Growth
INSE•Inspired Entertainment posted Q1 revenue of $57.2 M, with core business revenue excluding divested assets up 15% year-on-year and net operating income of $9.2 M. Adjusted EBITDA rose 29% to $23.7 M (41% margin), interactive segment revenue climbed 38%, and firm generated $15.8 M free cash flow.
1. First-Quarter Financial Performance
Inspired reported Q1 revenue of $57.2 M, with core operations (excluding UK holiday parks and restructured pubs) up 15% year-on-year. Net operating income reached $9.2 M, net loss was $0.5 M, and adjusted net loss was $0.7 M. Adjusted EBITDA climbed 29% to $23.7 M (41% margin) driven by higher-margin interactive solutions, which saw revenue rise 38%. Free cash flow totaled $15.8 M.
2. Strategic Actions and Outlook
The company repaid $13.3 M of senior secured notes and repurchased 387,230 shares for $2.6 M. It reiterated its full-year 2026 adjusted EBITDA target of $112 M to $118 M. Portfolio optimization, continued interactive content rollouts, and planned Virtual Soccer product launch ahead of the World Cup are expected to drive second-half momentum.
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