Inspired Entertainment has declared a steady 7% growth in year-over-year revenue, generating $80.3 million for Q2 2025.
While noting that the firm had faced some operational challenges, Inspired reported that its second quarter results were boosted by a standout performance from the Interactive segment, which achieved a record 45% year-over-year increase in revenue.
Inspired’s Interactive slots appear on more than 170 top-tier sites and its games include branded content, online casinos, table and number games, scratch cards and unique virtual games.
It credited the Interactive revenue boost from $6.1 million in Q2 2024 to $9.1 million for the same period this year to “sustained momentum in North America and the UK,” also confirming that Interactive’s Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) had increased 49% with margins expanding to 67%.
Gaming operations showed a 3% increase in revenue, landing at $27.2 million with Adjusted EBITDA rising 35% year-over-year, but Virtual Sports suffered a decline in revenue of 21%, down from $11.7 million to $9.2 million.
Leisure performed as expected, generating $30.3 million, up from $27.4 million in 2024, with Adjusted EBITDA up 19% year-over-year.
Although celebrating the success of the Interactive segment, Inspired declared a net loss of $7.8 million and an adjusted net loss of $5.6 million, but an overall net operating income of $7.9 million.
A huge positive through the quarter was the completion of a £288 million ($384.34 million) debt refinancing package, that included a new £17.8 million ($23.75 million) revolving credit facility. .
Who is Inspired Entertainment?
Headquartered in New York, Inspired Entertainment is a supplier of gaming content, technology and hardware to regulated gaming and betting operators worldwide.
Clients include some of the world’s leading gaming operators, casinos and sports betting sites such as BetMGM, Caesars and bet365.
It has provided over 50,000 gaming machines to betting shops, pubs and gaming halls and has virtual sports operating live in more than 32,000 retail channels and over 100 websites in 35 countries.
Through its Leisure segment, Inspired is the UK’s leading provider of turnkey and end-to-end management solutions to the pub, motorway service, bingo and family entertainment sectors.
Just yesterday it was announced that the firm had reached an agreement on a five-year deal with Jenningsbet, the largest independent bookmaker in the UK, to supply around 570 Vantage terminals to 144 licensed betting shops around the country.
Lorne Weil, executive chairman, said in his summary: “Across the business, we continue to execute with discipline and focus.
“Our Interactive segment is scaling efficiently, Gaming is delivering profitable growth, Virtual Sports is showing early signs of renewed momentum, and Leisure is performing steadily.
“With a more flexible capital structure in place and a clear set of strategic priorities, we believe we are well-positioned to build on this progress and drive long-term value for our shareholders.”
Inspired Entertainment Business Highlights
- Completed £288 million ($384.34 million) refinancing, including £270 million ($360.7 million) in senior secured notes due 2030 and a £17.8 million ($23.75 million) revolving credit facility, replacing all existing debt.
- Year-over-year revenue growth in Interactive was 45%, approximately half of which was driven by growth in North America
- Launched Canada’s first branded Hybrid Dealer Roulette game with Loto-Québec, marking a milestone in the expansion of next-generation iGaming content
- Introduced localized Virtual Sports content in the fast-growing Brazilian market, including V-Play Football Brazil with Betano, BetMGM and bet365 — marking a key milestone in expansion across Latin America
- Expanded long-term partnership with William Hill to deliver a major upgrade to Virtual Sports across 1,300 UK betting shops, adding approximately 300 new daily events and enhancing the retail broadcast experience
- Secured five-year contract with Jenningsbet, the largest independent retail bookmaker in the UK, to supply approximately 570 Vantage terminals, commencing in Q4 2025.
Jim Munro is a betting industry and gambling expert who has been a national newspaper journalist for over 30 years, predominantly at The Sunday Times and The Sun, where he wrote a weekly soccer betting column. Jim also worked on the launch of Virgin Bet with Gamesys and was subsequently head of editorial at LiveScore, the sports media and betting group.
