Quarterly ResultMay 7, 2026, 07:36 AM
Inspired Entertainment Q1 Adjusted EBITDA Up 29% to $23.7M
AI Summary
Inspired Entertainment reported strong first-quarter 2026 financial results, with Adjusted EBITDA increasing 29% year-over-year to $23.7 million, driven by portfolio optimization and growth in its higher-margin Interactive segment. Despite a 5% decline in reported revenue to $57.2 million due to divestitures and restructuring, core business revenue grew 15%. The company generated $15.8 million in Free Cash Flow, repaid $13.3 million in debt, and repurchased $2.6 million in shares, reducing net leverage. Management reaffirmed its full-year 2026 Adjusted EBITDA target and raised its margin target to 45%, citing a strong pipeline and strategic execution.
Key Highlights
- Q1 Adjusted EBITDA increased 29% year-over-year to $23.7 million, with a 41% margin.
- Reported Q1 revenue was $57.2 million; core business revenue grew 15% year-over-year.
- Interactive segment revenue rose 38% and Adjusted EBITDA grew 53% year-over-year.
- Generated $15.8 million in Free Cash Flow during the first quarter.
- Repaid $13.3 million of senior secured notes and repurchased $2.6 million of common stock.
- Reiterated 2026 Adjusted EBITDA target of $112 million to $118 million.
- Increased full-year 2026 Adjusted EBITDA margin target to up to 45%.
- Secured long-term contract extension with Paddy Power and Alberta iGaming license.