The following is a summary of the Inspired Entertainment, Inc. (INSE) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Inspired Entertainment reported a 13% increase in EBITDA for Q3 2024.

• EBITDA margins are approaching the 40% target, reaching 38.6% in Q3, up from last year.

• Cash balance increased to $36.5 million at the end of Q3 from $23.5 million in Q2.

• Revenue in the Interactive business grew by 40% over Q3 2023 with EBITDA increasing by 47%.

Business Progress:

• Plans to expand into new markets including Peru and South Africa in Q4 2024.

• Interactive and Virtual Sports are primary drivers of growth, with new gaming studios planned to support North America.

• Significant enhancements introduced in the Hybrid Dealer category with new games expected to launch soon.

• Transition to fully outsourced manufacturing for the gaming segment, and introduction of Valiant, a new cabinet design for North American market.

Opportunities:

• Expansion into new international markets with the upcoming full launch in Brazil and entry into Peru and South Africa will support growth.

• Continued growth and innovation in Interactive and Virtual Sports.

• Leveraging new game introductions and technological advancements such as Hybrid Dealer in casino games.

Risks:

• Regulatory challenges and customer integration issues that delay market entry, as seen with Virtual Sports customer integration delays.

• Potential financial impact from strategic decisions relating to the holiday parks business.

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