Inspired Reports Small Revenue Rise for 2025 Despite UK Deals

New terminal deployments in the UK boosted Inspired Entertainment’s results for Q4 2025, although total revenue for the full year increased just 2% to $304.1 million (£227.1 million).

Last August, Inspired announced a five-year deal to roll out its Vantage terminals with independent retail bookmaker Jenningsbet, covering close to 200 licensed betting shops. Inspired installed 470 terminals at Jenningsbet locations in Q4 2025 and 120 more in Q1 2026.

This followed the announcement of Inspired’s expansion of its partnership with William Hill in July. In addition to Inspired’s role as William Hill’s exclusive provider of fully integrated managed services across its estate of gaming terminals, Inspired has also agreed to upgrade William Hill’s virtual sports offering across its UK retail estate.

Holiday parks sale

In November, Inspired completed the sale of its holiday parks business and associated leisure assets to Japanese entertainment company Genda Inc. for approximately £18.6 million.

The inventory within the deal included more than 11,000 amusement and gaming machines across about 170 family entertainment centres and adult gaming centres which were operated by Inspired within holiday parks and other entertainment venues in the UK.

During Q4, Inspired launched an exclusive bespoke slot game with Bet365, called Spin O’Reely Grand Chance. The game is available to players in the UK, Ontario, and New Jersey.

Inspired also launched land-based slot game Golden Winner Grand Chance, the latest release in its Gold Winner franchise, within the quarter, and began offering its Big Piggy Bank slot on B3 machines, which is also offered online.

Mixed results

Globally, Inspired’s revenue from its leisure business dropped 5% for the year to $96.6 million. Revenue for Inspired’s virtual sports division also fell, decreasing 19% to $36.6 million.

However, there was a 49% rise in interactive revenue to $58.6 million, and gaming revenue went up 2% to $112.3 million. Total company adjusted EBITDA rose 11% to $111.4 million. Adjusted net income was just $1.4 million, down from $13 million.

Inspired expects its Q1 2026 adjusted EBITDA to increase by at least 20% year-on-year and full year 2026 adjusted EBITDA to be in the range of $112 million to $118 million. This includes the expected impact of a rise in online betting taxes in the UK. In April, remote gaming duty, paid on online casino bets, will rise from 21% to 40% of gross gaming yield.

Brooks Pierce, Inspired President and CEO, said:

“Our fourth quarter results reflect the strength of our underlying business and the progress we are making in advancing our strategic priorities.”

Expanding scale

Lorne Weil, Inspired’s Executive Chairman, said:

“Looking ahead, we see substantial opportunity across our portfolio. Our confidence is grounded in the expanding scale of our Interactive platform, a robust pipeline of innovative content, and continued geographic expansion. These growth drivers are compounding and position us to deliver sustainable, scalable performance over the long term.

“We have been deliberate in reshaping the business toward a more digital, higher-margin model, and our fourth quarter results validate that strategy. We are gaining share, improving profitability, and increasing financial flexibility; creating greater optionality as we deploy capital to the highest-return opportunities.”

Starting in Q1 2026, Inspired intends to streamline its reporting structure by merging its gaming and leisure divisions into a single Retail Solutions segment; the results of Inspired’s virtual sports and interactive divisions will continue to be reported separately.