Inspired Entertainment (INSE) Posts Wider Q2 Loss

Inspired Entertainment (NASDAQ: INSE) reported Q2 EPS of ($1.94), $1.16 worse than the analyst estimate of ($0.78). Revenue for the quarter came in at $41.5 million versus the consensus estimate of $31.15 million.

The Company generated total revenue of $41.5 million, a net loss of $43.8 million and Adjusted EBITDA of $8.0 million in the three months ended June 30, 2021 on a reported basis2. The Company exhibited year-over-year growth on a reported basis across all segments in the second quarter 2021. The Interactive business continued to display strong performance, and sequential growth, in all major markets, with revenue of $5.8 million, an increase of 69.0% year-over-year, due to the addition of new customers and territories and the consistent launch of new high-quality content. This expansion, as well as the associated costs to establish new geographies and licensed content, led to Interactive segment operating income increasing 46.8% year-over-year to $2.6 million, and Adjusted EBITDA increasing 45.7% to $3.6 million from $2.4 million in the prior-year period. The Interactive business generated record revenues for the Company in July.

GUIDANCE:

Management affirms third quarter 2021 Adjusted EBITDA Guidance of $28 million to $30 million

For earnings history and earnings-related data on Inspired Entertainment (INSE) click here.

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