Sharing its financial results for the three- and 12-month periods ending December 31, 2024, Inspired declared that its record revenue from its interactive vertical was the primary driver for the quarter’s revenue.
Revenue for the Q4 period came in at US$83m. Net income for the period was $68m, and adjusted net income was $4.7m. Adjusted EBITDA was $30.9m, up 22 per cent from the previous year, with interactive adjusted EBITDA up 105 per cent.
For the year as a whole, revenue was $297.1m, up from $292.3m in 2023. Net income for 2024 was $65.8m, up from $5.8m, and adjusted EBITDA was $100.1m, up from $99.2m.
“We ended the year with a fourth quarter that reflects the strength and resilience of our diversified business model," said Lorne Weil, executive chairman of Inspired. "We are pleased to report another quarter of robust performance in our Interactive segment, with revenue growing 45 per cent year-over-year and Adjusted EBITDA more than doubling.
“This growth continues to be driven by strength in the UK, North America, and continental Europe. Our fourth quarter Adjusted EBITDA margin in interactive expanded from 50 per cent to 71 per cent year over year, showcasing the scalability of our digital operations.
“We're particularly encouraged by the substantial progress we’ve made in our Hybrid Dealer rollout strategy, including the successful launch of our MGM Bonus City game with BetMGM in Michigan and achievement of a significant milestone with the commitment to our revolutionary Hybrid Dealer Roulette game in Canada by Loto-Québec.
“Additionally, we announced bet365 as the first customer to offer the Hybrid Dealer product in the UK. We expect to add our Roulette 4 Ball Extra Bet game to the portfolio early in the second half of 2025 and the pipeline for our Hybrid Dealer product continues to be robust.”
