---
title: "Inspired ENT | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 57.2 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285541702.md"
datetime: "2026-05-07T11:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285541702.md)
  - [en](https://longbridge.com/en/news/285541702.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285541702.md)
---

# Inspired ENT | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 57.2 M

Revenue: As of FY2026 Q1, the actual value is USD 57.2 M, missing the estimate of USD 59.07 M.

EPS: As of FY2026 Q1, the actual value is USD -0.02, beating the estimate of USD -0.0725.

EBIT: As of FY2026 Q1, the actual value is USD 9.3 M.

Inspired Entertainment, Inc. (Inspired 娱乐) reported a first-quarter 2026 revenue of $57.2 million, marking a 5% decrease from $60.4 million in the prior year, though revenue excluding the former UK holiday parks business and restructured pubs business increased by 15% year-over-year. The company’s net operating income significantly improved to $9.2 million in Q1 2026, a 475% increase from $1.6 million in Q1 2025. Inspired Entertainment, Inc. recorded a net loss of - $0.5 million for the quarter, compared to a net loss of - $0.1 million in the same period last year, while adjusted net loss was - $0.7 million in Q1 2026, down from an adjusted net income of $3.8 million in Q1 2025.

#### Segment Revenue

-   **Retail Solutions:** Revenue was $31.8 million in Q1 2026, a 20% decrease from $39.6 million in Q1 2025.
-   **Virtual Sports:** Revenue remained flat at $8.7 million in Q1 2026 compared to Q1 2025.
-   **Interactive:** Revenue grew by 38% to $16.7 million in Q1 2026, up from $12.1 million in Q1 2025.

#### Operational Metrics

-   **Adjusted EBITDA:** Total Adjusted EBITDA increased by 29% to $23.7 million in Q1 2026 from $18.4 million in Q1 2025, resulting in an Adjusted EBITDA Margin of 41% (up from 30%).
    -   **Retail Solutions Adjusted EBITDA:** Increased by 30% to $14.3 million in Q1 2026 from $11.0 million in Q1 2025.
    -   **Virtual Sports Adjusted EBITDA:** Decreased by 3% to $6.1 million in Q1 2026 from $6.3 million in Q1 2025.
    -   **Interactive Adjusted EBITDA:** Increased by 53% to $11.8 million in Q1 2026 from $7.7 million in Q1 2025.
    -   **Corporate Adjusted EBITDA:** Was - $8.5 million in Q1 2026, compared to - $6.6 million in Q1 2025.
-   **Operating Costs:**
    -   Cost of service was - $8.6 million in Q1 2026, down from - $15.0 million in Q1 2025.
    -   Cost of product sales was - $2.6 million in Q1 2026, down from - $2.9 million in Q1 2025.
    -   Selling, general and administrative expenses were - $24.3 million in Q1 2026, down from - $30.3 million in Q1 2025.
    -   Depreciation and amortization was - $12.5 million in Q1 2026, compared to - $10.6 million in Q1 2025.
    -   Interest expense, net was - $10.5 million in Q1 2026, compared to - $7.0 million in Q1 2025.
    -   Income tax benefit was $0.7 million in Q1 2026, compared to $5.1 million in Q1 2025.

#### Cash Flow

-   **Net cash provided by operating activities:** $26.7 million in Q1 2026, up from $25.5 million in Q1 2025.
-   **Free Cash Flow:** $15.8 million in the first quarter.
-   **Net cash used in investing activities:** - $10.1 million in Q1 2026, compared to - $15.1 million in Q1 2025.
-   **Net cash used in financing activities:** - $16.7 million in Q1 2026, compared to - $1.7 million in Q1 2025.

#### Unique Metrics

-   Inspired Entertainment, Inc. repaid $13.3 million of principal of senior secured notes and repurchased 387,230 shares of common stock for $2.6 million in Q1 2026.
-   The company’s net leverage decreased to approximately 3.0x from 3.3x at year-end 2025.
-   Free Cash Flow conversion is expected to exceed 20% for the full year.

#### Outlook / Guidance

Inspired Entertainment, Inc. is reiterating its full-year 2026 Adjusted EBITDA target range of $112 million to $118 million and is increasing the Adjusted EBITDA margin target to up to 45%. Management expects earnings to be more streamlined and less seasonal post-divestiture of the UK holiday parks business, with Adjusted EBITDA projected to grow sequentially throughout the year. The company anticipates continued expansion of higher-margin digital businesses and increasing operating leverage to support improved earnings quality and stronger free cash flow generation.

### Related Stocks

- [INSE.US](https://longbridge.com/en/quote/INSE.US.md)

## Related News & Research

- [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md)
- [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)
- [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)
- [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md)
- [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md)