Inspired Entertainment Signs Long-Term Contract with Paddy Power
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Inspired Entertainment (INSE) announced that it has signed a long-term contract extension as the exclusive provider of gaming terminals and content to Paddy Power, a bookmaker that owns and operates betting shops across the UK and Ireland. Paddy Power is a core brand within Flutter Entertainment plc (FLUT). As part of the agreement, Inspired will continue to supply its products across the entire Paddy Power retail estate in the UK.
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Analyst Views on INSE
Wall Street analysts forecast INSE stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.620
Low
12.00
Averages
16.33
High
20.00
Current: 7.620
Low
12.00
Averages
16.33
High
20.00
About INSE
Inspired Entertainment, Inc. is a provider of content, technology, hardware and services for licensed gaming, betting and lottery operators around the world. The Company's content and gaming systems are designed to work together across digital and retail channels. The Company's segments include Retail Solutions, Virtual Sports and Interactive. Its Retail Solutions segment delivers its gaming terminals preloaded with proprietary gaming software, server-based content, as well as services such as terminal repairs, maintenance, software updates and upgrades on a when and if available basis and content development. Its Virtual Sports segment provides its on-premise licensing solution and hosting of its products. Its Interactive segment provides various gaming content made available via third-party aggregation platforms integrated with its remote gaming server or directly on its remote gaming server platform, and services such as customer support, platform maintenance, updates and upgrades.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Inspired Entertainment CFO Resigns, VP Promoted to CFO
- Executive Change: Inspired Entertainment announced the resignation of CFO James Richardson effective May 14, with the board promoting Craig Wilson, Vice President of Finance and Accounting, to the CFO position to ensure continuity in financial management.
- Transition Support: Richardson will remain available for three months to assist with the transition, ensuring stability in financial operations and business continuity during this critical period.
- New CFO Background: Wilson joined Inspired in 2025 and previously worked at Charles River Laboratories International and Walgreens Boots Alliance, bringing extensive financial management experience that is expected to drive the company's financial strategy and growth.
- Market Reaction: While executive changes may raise market concerns, Inspired's stable financial performance and ongoing EBITDA growth indicate the company's resilience and adaptability in the face of leadership transitions.
See More
Inspired Entertainment Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Inspired Entertainment's continuing revenue grew by 15% year-over-year in Q1 2026, with interactive revenue surging by 38%, indicating successful digital transformation and enhancing market competitiveness.
- Strong EBITDA Growth: The company reported a 29% increase in EBITDA and an expansion of 1,100 basis points in EBITDA margin, showcasing significant improvements in cost control and operational efficiency, further solidifying its financial health.
- Capital Return Strategy: In Q1, the company paid down $13 million in debt and repurchased nearly 400,000 shares, reflecting management's confidence in future cash flows and demonstrating a robust balance sheet.
- Market Expansion Potential: The North American market now accounts for over 30% of the company's overall interactive GGR, with continued growth expected, as management anticipates further business expansion through new game development and the application of AI technology.
See More
Inspired Entertainment Reports Q1 Earnings and 2026 Outlook
- Earnings Highlights: Inspired Entertainment reported a Q1 non-GAAP EPS of -$0.02, beating expectations by $0.13, indicating an improvement in profitability despite a 5.3% year-over-year revenue decline to $57.2 million, which fell short of forecasts, impacting market confidence.
- Revenue Performance: The Q1 revenue of $57.2 million missed expectations by $1.87 million, reflecting challenges in market competition, suggesting a need for strategic adjustments to regain growth momentum.
- Debt Management: The company repaid $13.3 million of principal on senior secured notes and repurchased 387,230 shares of common stock for $2.6 million in Q1, which not only alleviates financial burdens but may also enhance shareholder value.
- Future Outlook: Inspired Entertainment reiterated its full-year 2026 adjusted EBITDA target range of $112 million to $118 million, demonstrating confidence in future growth despite current challenges, and remains committed to achieving long-term profitability.
See More
Q1 Revenue Up 15%, Adjusted EBITDA Increases 29%
- Revenue Performance: The first quarter total revenue reached $57.2 million, showing a 5% year-over-year decline due to the divestiture of the UK holiday parks business and pub restructuring; however, excluding these factors, revenue increased by 15%, indicating strong growth potential in the core business.
- Adjusted EBITDA Growth: Adjusted EBITDA stood at $23.7 million, up 29% year-over-year, with an adjusted EBITDA margin of 41%, driven by portfolio optimization and growth in the higher-margin Interactive segment, demonstrating the effectiveness of the company's strategic shift towards high-margin areas.
- Cash Flow and Capital Management: The first quarter generated $15.8 million in free cash flow, repaid $13.3 million of senior secured debt, and repurchased 387,230 shares of common stock for $2.6 million, reflecting the company's disciplined approach to capital allocation and commitment to shareholder returns.
- 2026 Outlook: The company reiterated its full-year 2026 adjusted EBITDA target range of $112 million to $118 million, with expectations for EBITDA margins to reach up to 45% driven by operational leverage, laying a solid foundation for sustained growth and long-term shareholder value creation.
See More
Inspired Entertainment Extends Long-Term Contract with Paddy Power
- Contract Extension: Inspired Entertainment has signed a long-term contract with Paddy Power to remain the exclusive provider of gaming terminals and content, ensuring the supply of market-leading Vantage terminals across its retail operations in the UK and Ireland, thereby reinforcing a partnership that spans over 25 years.
- Market Leadership: This agreement not only continues Inspired's critical role in Paddy Power's retail operations but also emphasizes the shared commitment to delivering high-quality terminals and content, which is expected to enhance Paddy Power's operational performance and customer experience.
- Innovation Commitment: Inspired will continue to provide innovative gaming content and technology to Paddy Power, ensuring ongoing development of its retail business to meet evolving market demands, thereby increasing customer engagement and satisfaction.
- Strategic Partnership: The extension of this contract reflects the mutual goals of both companies in enhancing player experiences and operational efficiency, further solidifying Inspired's position as a trusted partner for Paddy Power and laying the groundwork for future business growth.
See More
Inspired Entertainment Secures iGaming Supplier Registration in Alberta
- Market Access Approval: Inspired Entertainment has received approval from the Alberta Gaming, Liquor and Cannabis Commission, registering as an iGaming Goods or Services Supplier, which marks a significant position for the company in the upcoming regulated iGaming market.
- Expansion Opportunities: Alberta will become the second Canadian province to introduce a regulated commercial online casino and sports betting market, with a planned launch in Q3, providing Inspired Entertainment with further opportunities to expand its presence in North America.
- Partnership Advantages: The company is already active in the province through its partnership with Play Alberta, and the live experience from Play Alberta offers valuable insights into the market, regulatory environment, and player preferences, enhancing its market adaptability.
- Stock Performance: Despite gaining new opportunities in the market, Inspired Entertainment's shares have declined by 24.4% year-to-date, indicating a cautious market sentiment regarding its future performance.
See More
Inspired Entertainment CFO Resigns, VP Promoted to CFO
- Executive Change: Inspired Entertainment announced the resignation of CFO James Richardson effective May 14, with the board promoting Craig Wilson, Vice President of Finance and Accounting, to the CFO position to ensure continuity in financial management.
- Transition Support: Richardson will remain available for three months to assist with the transition, ensuring stability in financial operations and business continuity during this critical period.
- New CFO Background: Wilson joined Inspired in 2025 and previously worked at Charles River Laboratories International and Walgreens Boots Alliance, bringing extensive financial management experience that is expected to drive the company's financial strategy and growth.
- Market Reaction: While executive changes may raise market concerns, Inspired's stable financial performance and ongoing EBITDA growth indicate the company's resilience and adaptability in the face of leadership transitions.
See More
Inspired Entertainment Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Inspired Entertainment's continuing revenue grew by 15% year-over-year in Q1 2026, with interactive revenue surging by 38%, indicating successful digital transformation and enhancing market competitiveness.
- Strong EBITDA Growth: The company reported a 29% increase in EBITDA and an expansion of 1,100 basis points in EBITDA margin, showcasing significant improvements in cost control and operational efficiency, further solidifying its financial health.
- Capital Return Strategy: In Q1, the company paid down $13 million in debt and repurchased nearly 400,000 shares, reflecting management's confidence in future cash flows and demonstrating a robust balance sheet.
- Market Expansion Potential: The North American market now accounts for over 30% of the company's overall interactive GGR, with continued growth expected, as management anticipates further business expansion through new game development and the application of AI technology.
See More
Inspired Entertainment Reports Q1 Earnings and 2026 Outlook
- Earnings Highlights: Inspired Entertainment reported a Q1 non-GAAP EPS of -$0.02, beating expectations by $0.13, indicating an improvement in profitability despite a 5.3% year-over-year revenue decline to $57.2 million, which fell short of forecasts, impacting market confidence.
- Revenue Performance: The Q1 revenue of $57.2 million missed expectations by $1.87 million, reflecting challenges in market competition, suggesting a need for strategic adjustments to regain growth momentum.
- Debt Management: The company repaid $13.3 million of principal on senior secured notes and repurchased 387,230 shares of common stock for $2.6 million in Q1, which not only alleviates financial burdens but may also enhance shareholder value.
- Future Outlook: Inspired Entertainment reiterated its full-year 2026 adjusted EBITDA target range of $112 million to $118 million, demonstrating confidence in future growth despite current challenges, and remains committed to achieving long-term profitability.
See More
Q1 Revenue Up 15%, Adjusted EBITDA Increases 29%
- Revenue Performance: The first quarter total revenue reached $57.2 million, showing a 5% year-over-year decline due to the divestiture of the UK holiday parks business and pub restructuring; however, excluding these factors, revenue increased by 15%, indicating strong growth potential in the core business.
- Adjusted EBITDA Growth: Adjusted EBITDA stood at $23.7 million, up 29% year-over-year, with an adjusted EBITDA margin of 41%, driven by portfolio optimization and growth in the higher-margin Interactive segment, demonstrating the effectiveness of the company's strategic shift towards high-margin areas.
- Cash Flow and Capital Management: The first quarter generated $15.8 million in free cash flow, repaid $13.3 million of senior secured debt, and repurchased 387,230 shares of common stock for $2.6 million, reflecting the company's disciplined approach to capital allocation and commitment to shareholder returns.
- 2026 Outlook: The company reiterated its full-year 2026 adjusted EBITDA target range of $112 million to $118 million, with expectations for EBITDA margins to reach up to 45% driven by operational leverage, laying a solid foundation for sustained growth and long-term shareholder value creation.
See More
Inspired Entertainment Extends Long-Term Contract with Paddy Power
- Contract Extension: Inspired Entertainment has signed a long-term contract with Paddy Power to remain the exclusive provider of gaming terminals and content, ensuring the supply of market-leading Vantage terminals across its retail operations in the UK and Ireland, thereby reinforcing a partnership that spans over 25 years.
- Market Leadership: This agreement not only continues Inspired's critical role in Paddy Power's retail operations but also emphasizes the shared commitment to delivering high-quality terminals and content, which is expected to enhance Paddy Power's operational performance and customer experience.
- Innovation Commitment: Inspired will continue to provide innovative gaming content and technology to Paddy Power, ensuring ongoing development of its retail business to meet evolving market demands, thereby increasing customer engagement and satisfaction.
- Strategic Partnership: The extension of this contract reflects the mutual goals of both companies in enhancing player experiences and operational efficiency, further solidifying Inspired's position as a trusted partner for Paddy Power and laying the groundwork for future business growth.
See More
Inspired Entertainment Secures iGaming Supplier Registration in Alberta
- Market Access Approval: Inspired Entertainment has received approval from the Alberta Gaming, Liquor and Cannabis Commission, registering as an iGaming Goods or Services Supplier, which marks a significant position for the company in the upcoming regulated iGaming market.
- Expansion Opportunities: Alberta will become the second Canadian province to introduce a regulated commercial online casino and sports betting market, with a planned launch in Q3, providing Inspired Entertainment with further opportunities to expand its presence in North America.
- Partnership Advantages: The company is already active in the province through its partnership with Play Alberta, and the live experience from Play Alberta offers valuable insights into the market, regulatory environment, and player preferences, enhancing its market adaptability.
- Stock Performance: Despite gaining new opportunities in the market, Inspired Entertainment's shares have declined by 24.4% year-to-date, indicating a cautious market sentiment regarding its future performance.
See More
