Inspired warns of “significant” cost-cutting as Q3 revenue and profit fall
| By Marese O'Hagan
Virtuals and gaming equipment provider Inspired Entertainment is set to cut costs in its leisure division after the business reported $74.9m (£69.6m/€79.2m) in revenue for the third quarter of the year, a decrease of 3.4% year-on-year.
The Inspired leisure division accounted for the highest portion of the revenue, at $30.5m, but this was down by 8.6%.
Gaming revenue came to $24.1m, a decline of of 12.6%, and virtual sports brought in $14.6m – up by 39.0% and a new record for the vertical. Virtual sports was also the driver behind Inspired’s revenue increase in H1.