Core Insights - Inspired Entertainment, Inc. reported strong financial results for Q4 2024, with total revenue of $83.0 million, a 2% increase year-over-year, primarily driven by a 45% growth in the Interactive segment [7][11] - The company achieved a net income of $68.0 million for Q4 2024, compared to a net loss of $1.7 million in Q4 2023, indicating a significant turnaround [7][11] - Adjusted EBITDA for Q4 2024 was $30.9 million, up 22% from the previous year, with the Interactive segment's Adjusted EBITDA growing by 105% year-over-year [7][11] Financial Performance - The Interactive segment saw a revenue increase of 45% year-over-year, reaching $11.6 million, while the Gaming segment's revenue was $38.8 million, a slight decrease of 1% [9][11] - The Leisure segment reported a 7% revenue increase to $22.5 million, driven by Vantage deployments and growth in bingo and holiday park businesses [5][11] - The Virtual Sports segment faced challenges, with revenue declining by 22% to $10.1 million, but the company is optimistic about future growth through strategic measures [4][11] Operational Highlights - The company successfully launched the MGM Bonus City game with BetMGM in Michigan and the Hybrid Dealer Roulette game in Canada, indicating progress in its Hybrid Dealer rollout strategy [2][4] - A partnership with William Hill is advancing, with the installation of 5,000 new Vantage cabinets expected to drive further growth [3][11] - The company is focusing on expanding its digital businesses and optimizing land-based operations, with a commitment to investing in new market opportunities [6][11] Segment Performance - For the full year 2024, the Interactive segment's revenue increased by 41% to $39.3 million, while the Gaming segment's revenue decreased by 1% to $110.6 million [11] - The Virtual Sports segment's full-year revenue declined by 19% to $45.4 million, but the company remains confident in its long-term potential [10][11] - The Leisure segment's full-year revenue grew by 6% to $101.8 million, reflecting steady growth across its various businesses [11] Strategic Initiatives - The company is implementing strategic measures to streamline its Virtual Sports segment and unify product and platform teams under cohesive leadership [4][11] - Inspired Entertainment is expanding its mobile and slot games catalog in Brazil, indicating a focus on new market opportunities [8][11] - The company has extended its partnership with Aristocrat Interactive to provide V-Lottery Virtual Sports games to the Virginia Lottery, enhancing its product offerings [10][11]