ZEAL Network has delivered a record first half, with revenue up 20% year-on-year (YoY) to €121.8m (£104.4m), as management hailed the growth of the lottery brokerage division.
The main driver of that jump to the highest revenue recorded in the firm’s history was its lotteries segment, which delivered a 20% YoY rise in revenue to €110.6m, made up of €108.5m from lotteries.
ZEAL, which operates online platforms LOTTO24, Tipp24 and charity lotteries freiheit+ and Traumhausverlosung, said lottery billings grew 13% to €595.9m, driven by monthly average users (MAU) increasing 9% YoY 1.7 million.
Average billings per user climbed 4% YoY to €60.07.
Breaking down the lottery brokerage’s H1 figures:
- New registered customers jumped 32% to a record 659,000
- EBITDA grew 10% to €38.9m, with margin falling from 34.8% to 31.9%
- Games revenue spiked 17% to €7.8m
- Games portfolio of approximately 790 titles
Meanwhile, ZEAL’s net profit after taxes rose 12% YoY to €21.8m due to “positive operating performance and the improved financial result, with an opposing effect from the higher income tax expense” of €10.3m.
The German lottery brokerage also reported its Q2 financials, with revenue growing from €50.4m YoY to €67.5m.
EBITDA for the period was €23.4m, a rise of 33% YoY, while net profit increased 40% to €13.5m.
Stefan Tweraser, ZEAL Network CEO, said the latest “results show our strategy is delivering” as it grows its core business while “diversifying ZEAL through our own scalable products”.
CFO Andrea Behrendt added: “We delivered double-digit growth in both revenue and EBITDA while continuing to invest selectively in new products, technology and the further development of our organisation.
“At the same time, we managed our marketing investments flexibly in line with market conditions and jackpot developments, achieving a high level of efficiency in new customer acquisition.
“This enables us to combine profitable growth with the investments required to further scale our proprietary product categories and our platform.”
In July, ZEAL acquired UK prize draw business SevenCanyon in a deal worth £38.6m. The business will be headed up by ZEAL’s vice-president of games, Alex Green.
The firm said in its H1 2026 report that it expects the newly acquired company to “make a meaningful contribution to ZEAL’s revenue and EBITDA following consolidation”.
Following that deal, ZEAL confirmed its existing full-year EBITDA guidance of €70m to €75m.
“The necessary adjustments to the current revenue guidance of €250m to 260m will be made once the IFRS accounting treatment of SevenCanyon’s revenue has been finalised,” management added.
Following the release of its latest financial earnings, ZEAL’s shares spiked before falling back to €43.70, a gain of 1% in early trading in Frankfurt.
The post ZEAL Network reports record H1 revenue driven by core lottery brokerage business first appeared on EGR Intel.
German firm also sees record number of newly registered customers as CEO Stefan Tweraser says “results confirm our strategy is delivering”
The post ZEAL Network reports record H1 revenue driven by core lottery brokerage business first appeared on EGR Intel.