Inspired Entertainment has released its third-quarter financials, revealing record-breaking revenues in its interactive sector of $10.2 million, helping the company collect $78 million in revenue , an increase of 40 percent year-over-year.
Revenues also jumped up from the second quarter, with the previous quarter seeing revenue of $75.6 million.
Adjusted EBITDA also increased year over year, jumping by 13 percent to $30.1 million. Again, the interactive sector provided record-breaking numbers, with its adjusted EBITDA increasing by 47 percent year over year.
“Our third-quarter results demonstrate the resilience of our diversified business model and our ability to successfully execute across our business segments,” Lorne Weil, Executive Chairman of Inspired, said in a statement. “Interactive continues to be a standout performer with revenue growing 40 percent year-over-year and EBITDA increasing 47 percent, driven by strong growth across key markets including the U.K., North America and mainland Europe.”
The release highlighted several critical moves for the company during the third quarter, including its agreement with the NHL to use its logos, jerseys and player names in its virtual sports offerings. Virtual Sports was the only sector of Inspired Entertainment that generated no year-on-year growth, dropping from $13.4 million to $11.2 million.