Inspired Entertainment lowered its FY2026 adjusted EBITDA outlook to $109 million-$112 million from $112 million-$118 million due to Brazil’s online gaming suspension. Q3 revenue was $61.4 million and adjusted EBITDA was $28.2 million, a record 46% margin.
The company lowered its FY2026 adjusted EBITDA outlook to $109 million-$112 million from $112 million-$118 million due to Brazil’s online gaming suspension. It expects FY2026 free cash flow conversion to be slightly below its 20% target.
Q3 revenue was $61.4 million, adjusted EBITDA was $28.2 million and operating income was $10.3 million. The company reported a net loss of $100,000 and a record adjusted EBITDA margin of 46%.
Inspired said its shift toward higher-margin, more digital business drove margin expansion and operating leverage. Interactive segment revenue rose 3% year over year; the company also cited UK volume growth, U.S. business growth outpacing the U.S. iGaming market, and strong Retail Solutions performance in the UK and Greece.
