Inspired Entertainment, Inc. (INSE)

Over the past six months, Inspired Entertainment's stock price has been influenced by several factors. The company reported a 7% jump in Q2 revenue and beat revenue estimates, despite reporting a Q2 loss. Partnership expansions and product launches included expanding its partnership with William Hill, launching Virtual Sports products with BetMGM in Brazil, launching its first branded Hybrid Dealer Roulette game with Loto-Québec, partnering with Gaming Arts LLC, launching its premium iGaming portfolio in West Virginia, and securing a five-year supply agreement with Jenningsbet. Inspired announced a proposed sale of its UK Holiday Parks business to GENDA Inc. for approximately £18.6 million. Weiss Ratings downgraded Inspired Entertainment from a "hold" to a "sell" rating in October 2025, while other analysts hold mixed views. The stock has risen by 6.24% over the last six months, but decreased by 12.47% over the last year.

Inspired Entertainment's demand seasonality varies across its segments. The Virtual Sports segment is designed to mitigate seasonality in traditional sports betting. The Interactive segment has shown robust performance and strong growth, with digital gaming platforms generally having less pronounced seasonality. The Leisure segment could experience some seasonality tied to holiday periods and weather, though the company's diversified offerings and management solutions aim for consistent performance. A shift in the Easter holiday from Q1 to Q2 impacted Leisure segment revenue in Q1 2025.

Inspired Entertainment, Inc. is a global B2B provider of gaming content, technology, hardware, and services for regulated lottery, betting, gaming, social, and leisure operators worldwide. The company operates in the Technology and Consumer Cyclical sectors, focusing on Software & Programming, Casinos and Gaming, and Travel & Leisure industries. Its core business involves developing Virtual Sports and Server-Based Gaming systems, along with associated terminals and digital content. The company operates through four main segments: Gaming, Virtual Sports, Interactive, and Leisure.

Inspired Entertainment is headquartered in New York, NY, USA, with a significant presence in the UK, including offices in Burton-on-Trent, Manchester, Bridgend, and London. It also has offices in Italy and India and operates in approximately 35 jurisdictions worldwide. Historically, a majority of its revenue has been derived from the UK, with expansion efforts focused on North and South America.

Inspired Entertainment's brand reputation has been influenced by positive developments and significant challenges. Positive analyst sentiment and expansion into new markets contribute positively to its industry standing. However, accounting errors in financial statements dating back to January 1, 2021, led to a restatement of financial results, a stock price drop, and an investigation into possible violations of federal securities laws. A recent downgrade by Weiss Ratings to "Sell" also reflects concerns about the company's stock performance.

Inspired Entertainment, Inc. is primarily owned by institutional shareholders (79.25%) and insiders (132.90%). Major institutional owners include Macquarie Group Ltd, Kanen Wealth Management LLC, Samjo Management, LLC, BlackRock, Inc., 683 Capital Management, LLC, Janus Henderson Group Plc, Private Management Group Inc, JAVTX - Janus Henderson Venture Fund Class T, DG Capital Management, LLC, Brown Advisory Inc., AMH Equity Ltd, XTX Topco Ltd, and Vanguard Group Inc. Major individual/insider owners include Hg Vora Capital Management LLC (26.21%), Evan Wainhouse Davis (25.05%), Vitruvian Partners LLP (25.05%), Vip I B LP (22.73%), Mihi LLC (11.23%), and A. Lorne Weil (6.71%).