Inspired Entertainment, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
April 15, 2024 at 08:00 am EDT
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Inspired Entertainment, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 81.2 million compared to USD 76.6 million a year ago.
For the full year, revenue was USD 323 million compared to USD 281.6 million a year ago. Net income was USD 7.6 million compared to USD 20.6 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.73 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.71 a year ago.
Inspired Entertainment, Inc. is a business-to-business (B2B) provider of gaming content, technology, hardware, and services. The Company offers a portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across retail and mobile channels around the world. Its Gaming segment supplies gaming terminals as well as gaming software and games for the terminals provided to betting offices, casinos, gaming halls and high street adult gaming centers. Its Virtual Sports segment designs, develops, markets, and distributes games that create an always-on sports wagering experience in betting shops and other locations and online. Its Interactive segment uses interactive-only content as well as offerings from its Gaming and Virtual Sports segments to create games that are hosted on remote gaming servers. The Companyâs Leisure segment supplies gaming terminals and amusement machines to the leisure and hospitality sectors.