Inspired Entertainment reported third-quarter revenue of $61.4 million, down 29% year on year, although like-for-like revenue increased approximately 4% after adjusting for the prior-year sale of its UK Holiday Parks business and changes to its pubs operation. Interactive revenue grew 3% to $15.5 million, while adjusted EBITDA was $28.2 million, down 13% from $32.3 million.
Brazil and UK tax effects
Inspired said Brazil’s suspension of regulated online betting and gaming affected a business representing approximately 5% of total revenue. It reduced its 2026 adjusted EBITDA guidance to $109 million–$112 million from $112 million–$118 million. The company also reported higher UK remote gaming duty, which increased from 21% to 40% in April 2026. UK machine games duty is scheduled to rise from 20% to 25% in April 2027.
Digital distribution opportunities
The company reported a record 46% adjusted EBITDA margin and said Interactive revenue growth in the US outpaced the US iGaming market. After the quarter, it launched virtual sports with the Massachusetts Lottery and expanded its FanDuel relationship. The results show growth in digital channels, but also how market closures and tax changes can alter supplier forecasts.