Inspired Entertainment has reported its latest financial results, highlighting a revenue figure of $304.1m, up 2% year-over-year, despite a 7% drop in final quarterly revenues.
Indeed, the supplier’s final results for the 2025 financial year represent a mixed bag, with operating income falling slightly over the calendar year, juxtaposed by consistently strong revenue from the company’s interactive department – up significantly both during Q4 and the full-year periods.
Q4: Interactive & Gaming lead the way
Overall, Inspired Entertainment reported a total Q4 2025 revenue of $77.2m, down 7% in comparison to results from the same period of 2024. Of the company’s four segments, its Interactive department experienced the only revenue growth, rising by 53% year-over-year to $17.8m. Gaming led the way in revenue earned, recording a figure of $36.3m, down 6% from Q4 2024, with Virtual Sports reporting $9.4m and Leisure reporting $13.7m – down 7% and 39%, respectively.
Regarding EBITDA, Inspired’s Gaming and Virtual Sports departments both reported upswings of 2% and 1%, respectively – with Gaming EBITDA settling at $19.8m and Virtual Sports EBITDA reaching $7.3m. Overall net operating income dropped 14% year-over-year during Q4, with Inspired reporting a net loss of $7.2m, down from a net income figure of $67m during Q4 2024.
FY 2025: Virtual Sports struggles as Interactive thrives
Revenues for the supplier during the full-year period did rise by a marginal 2% last year, settling at $304.1m. The two key departmental drivers of this slight incline were Gaming – which reported a revenue of $112.3m, up 2% year-over-year – and Interactive, which boasted a notable revenue rise of 49% to $58.6m. Virtual Sports revenue continued on its downward trend by falling 19% to $36.6m, with Leisure revenues dropping 5% to $96.6m.
Elsewhere, Inspired Entertainment’s overall Adjusted EBITDA figure for the full-year period experienced a healthy upswing of 11% year-over-year. Net operating income did, however, decline by 1% in comparison to results from the prior year.
CEOs comments
Speaking on these latest results, Brooks Pierce, President and CEO of Inspired Entertainment, said: “Our fourth-quarter results reflect the strength of our underlying business and the progress we are making in advancing our strategic priorities.
“We delivered record Interactive revenue (+53% YoY) and Adjusted EBITDA (+60% YoY), underscoring the scalability and operating leverage of our digital core growth engine. With digital representing 52% of Adjusted EBITDA following the November divestiture of our holiday parks business, we achieved a record Adjusted EBITDA margin for the quarter.”
This latest development falls less than 24 hours after the announcement that Inspired Entertainment had entered into a new agreement with bet365, with the pair extending their pre-existing virtual sports partnership ahead of the 2026 World Cup.
In comparison to results from the third quarter of 2025, Inspired’s Q4 2025 revenues dropped by 11.7%
