ZEAL Network SE
XETRA:TIMA
ZEAL Network SE
ZEAL Network SE is an online provider of lottery products. The company is headquartered in Hamburg, Hamburg and currently employs 157 full-time employees. The firm operates mainly under the brands Lotto24.de and Tipp24.com. The Company’s offer includes Lotto 6aus49, Spiel 77, Super 6, EuroJackpot, GlucksSpirale, syndicates, Keno and the German TV Lottery. ZEAL Network SE operates both domestically and abroad.
ZEAL Network SE is an online provider of lottery products. The company is headquartered in Hamburg, Hamburg and currently employs 157 full-time employees. The firm operates mainly under the brands Lotto24.de and Tipp24.com. The Company’s offer includes Lotto 6aus49, Spiel 77, Super 6, EuroJackpot, GlucksSpirale, syndicates, Keno and the German TV Lottery. ZEAL Network SE operates both domestically and abroad.
Strong Revenue Growth: ZEAL reported a 34% increase in revenues year-over-year, despite a weaker jackpot environment.
Margin Expansion: Gross margin improved significantly to 17.5%, driven by last year’s price increases and better product mix.
Customer Growth: The company added about 879,000 new customers in the first nine months, growing its active user base by 17%.
Profitability: EBITDA reached EUR 54 million, and guidance for full-year EBITDA was raised to EUR 63–68 million.
Updated Guidance: Management expects full-year 2025 revenues of EUR 205–215 million, reflecting upgraded targets.
Strategic Diversification: The Traumhausverlosung (Dream House Raffle) and games businesses showed strong traction, with games revenue up 51% year-over-year.
Active Marketing: Marketing spend increased by 35% as ZEAL invested in future growth and customer acquisition, adapting to higher media costs.
Conservative Q4 Outlook: Management described Q4 EBITDA guidance as conservative, aiming to maintain flexibility for further marketing investments.
