ZEAL Network Increases Revenue by 40% in First Half

ZEAL Network, a prominent provider of lottery products in Germany, has released its first half-year report, showcasing what it describes as “impressive financial results.” The company's revenue surged by 40%.

For the first half of 2024, ZEAL reported revenues of $83.9 million, reflecting a year-on-year increase of 40%. Furthermore, EBITDA rose to $22 million during this period, marking a 46% increase compared to the same time last year.

The company's substantial revenue growth was primarily fuelled by the strong performance of its lottery operations, which generated $74.2 million in revenue—up 33% year-on-year.

On the customer front, new registrations soared by 70%, reaching 592,000, which is the second-highest figure in the company's history. Additionally, the cost of acquiring a new registered customer dropped by 26%, averaging $36.25.

A standout highlight during this period was the launch of ZEAL Traumhausverlosung, the inaugural raffle in Germany, offering participants the chance to win a fully furnished house. Every home will be raffled off, regardless of participant numbers, providing players with a shot at a life-changing prize. Participants can also win various other prizes alongside the new house.