Inspired Entertainment: Q4 and Fiscal Year 2024 Financial Results
NEW YORK, March 17, 2025 – Inspired Entertainment, Inc., a prominent B2B supplier of gaming content, technology, hardware, and services, recently announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. The Company reported a strong finish to the year, demonstrating continued growth and progress.
Financial Highlights
Total revenue for the fiscal year 2024 amounted to $675.1 million, representing a 16.5% increase compared to the previous year. The fourth quarter alone generated $171.5 million in revenue, marking a 13.4% year-over-year growth. Net income for the fiscal year came in at $91.2 million, up significantly from $30.2 million in the previous year.
Business Segments
The Interactive segment, which includes Virtual Sports, Games, and Systems, reported revenue of $456.5 million for the fiscal year, accounting for approximately 68% of the total revenue. This segment saw a 21.4% increase in revenue year-over-year. The Gaming and Lottery Systems segment contributed $218.6 million in revenue, representing a 9.9% growth.
Notable Achievements
During the fiscal year, Inspired Entertainment expanded its presence in various markets. In Europe, the Company secured a significant contract with a major lottery operator, enabling it to offer its Virtual Sports products to a larger audience. In the United States, Inspired signed a multi-year agreement with a leading casino operator to provide its Virtual Sports and Games solutions.
Impact on Consumers
The financial results of Inspired Entertainment indicate a continued focus on innovation and growth. As a consumer, this means that you can expect an increased variety and availability of gaming content, both online and offline. Virtual Sports, in particular, is poised to become more widespread, offering a more immersive and interactive gaming experience.
Impact on the World
The gaming industry is a significant contributor to the global economy, and Inspired Entertainment’s continued growth is a positive sign for the sector. The expansion of Virtual Sports and other interactive gaming solutions can lead to increased job opportunities, from software development to customer support. Moreover, the growing popularity of these offerings can also contribute to a more engaging and entertaining experience for consumers worldwide.
Conclusion
Inspired Entertainment’s strong fiscal year 2024 results demonstrate the Company’s commitment to growth and innovation in the gaming industry. As a consumer, you can look forward to an expanded range of engaging gaming content and experiences. On a larger scale, the growth of Inspired Entertainment and the gaming industry can lead to new job opportunities and a more entertaining world.
- Inspired Entertainment reported significant revenue growth for the fiscal year 2024.
- The Interactive segment accounted for the majority of the revenue, with a 21.4% increase year-over-year.
- The Company secured new contracts in Europe and the United States.
- Consumers can expect an increased variety and availability of gaming content.
- The growth of Inspired Entertainment and the gaming industry can lead to new job opportunities and a more entertaining world.
