Benzinga | Feb 8, 2021 08:15AM EST

Inspired Provides Update On Growth Trends And Developments In Its Online Businesses

NEW YORK, Feb. 8, 2021 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ:INSE) today provided an update on growth trends and recent business developments in its online operations, comprised of its leading global slot and virtual sports content licensed to online operators.

During 2020, aggregate revenue from all of Inspired's online businesses rose from ?1.2 million in January to ?3.1 million in December ($1.7 million to $4.3 million)1, a two-and-a-half-fold increase. Inspired's growth in casino and virtual sports online outpaced the general market, even while the general market for online games grew significantly during 2020.

Much of Inspired's growth in 2020 came from its existing customer base in Europe, reflecting the growing migration of end users to online platforms, an increase in the volume and popularity of the Company's new proprietary content, significantly improved game quality, strong account management and the launch of Virtual Plug & Play(tm) ("VPP"), Inspired's complete end-to-end online and mobile all-in-one virtual offering. Additionally, Inspired launched with over 50 new online customers throughout the UK, New Jersey, Canada, Greece, Mexico, Germany, Belgium, Turkey, Italy and Sweden and further expanded its base of interactive aggregators.

Between January 2020 and December 2020, Inspired's peak level of casino game play increased from 8,000 plays per minute to over 22,000 plays per minute, reflecting the scalability of Inspired's technology platform to accommodate significant increases in volumes. Inspired expects these growth trends, both in the general market and with respect to its business, to continue in 2021 through further jurisdictional expansion, new commercial agreements and continued strong product development across both casino and virtual sports online. Given the scalable nature of Inspired's online business, it is expected that any growth in this business will lead to increasing operating margins over time.