The following is a summary of the Inspired Entertainment, Inc. (INSE) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Inspired Entertainment reported Q4 EBITDA of $26.5 million, slightly ahead of 2022 with full year EBITDA at $100.5 million.

• The overall digital business grew its EBITDA by 12%, maintaining margins of 75% year-to-year.

• The Interactive business achieved revenue growth of close to 50% in Q4, while Virtual Sports growth stabilized due to high market share.

• The company didn't provide specific numbers but expects EBITDA to rise modestly from 2023, largely towards the end of the year.

• They aim to improve EBITDA margins closer to their internal 40% target by reducing costs and increasing business synergies.

Business Progress:

• They anticipate North America and Latin America to be at an inflection point for Virtual Sports, driven by new products like NBA and NFL games.

• The company plans to accelerate new product launches, customer acquisitions, and geographical expansion under the Virtual segment.

• The company's integration with Kambi has started, aiming to provide Virtual Sports to all Kambi customers.

• The Vantage product in betting shops is contributing towards a low double-digit revenue uplift per machine, with expansions planned for the Pub sector.

• An agreement has been reached to roll out Vantage later this year or early next year with a large customer.

• A new deal with Western Canada Lottery is signed, with shipments due in Q4.

More details: Inspired Entertainment IR

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