Inspired Entertainment (INSE) reported a record EBITDA margin of 42% (Q4 2025) in its iGaming growth engine, with revenue in the segment up 53% year-over-year . Q4 2025 revenue came in at $77.2 million, 2.1% ahead of analyst consensus estimates. Margin for full-year 2025 was 37%.
Things weren’t so bright on the earnings side. An EPS loss of -$0.18 in Q4 2025 was way out of kilter with the analyst expectations of $0.24 (a -175% miss)
The financial performance of Inspired Entertainment in 2024 and 2025 tells a tale of two companies: one side is a high-growth, high-margin digital powerhouse, while the other is a legacy retail business undergoing a painful but necessary slimming down. Consequently, the decline in the…