ZEAL confirms profitable growth and raises forecast

EQS-News: ZEAL Network SE / Key word(s): 9 Month figures ZEAL confirms profitable growth and raises forecast 05.11.2025 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. ZEAL confirms profitable growth and raises forecast

 

• Group revenue in the first nine months of 2025 increases by 34 percent year-over-year to € 162.6 million
• EBITDA climbs by 55 percent to € 54.1 million
• Growing customer base and higher gross margin drive revenue growth in lottery business
• Fourth house raffle of the charity lottery Traumhausverlosung (Dream House Raffle) achieves record billings
• Larger games portfolio and broader customer base lead to increase in revenue in the games business
• ZEAL raises its revenue and EBITDA forecast for the 2025 financial year

 

Hamburg, 05 November 2025. ZEAL Network SE, Germany's leading online provider of lottery products, recorded significant growth in revenue and EBITDA in the first nine months of 2025. Group revenue increased by 34 percent to € 162.6 million (2024: € 121.0 million). EBITDA grew disproportionately by 55 percent to € 54.1 million (2024: € 35.0 million).
 

"In the first nine months of the year, we once again transformed our corporate strengths into excellent results and thereby continued our long-term success. We achieved strong revenue growth in all business areas with great operational efficiency, which is reflected in a significantly increased EBITDA margin. Since its launch last year, the Dream House Raffle has quickly become a very popular product. Across our core lottery brokerage business, charity lotteries, and games, we are well positioned for further growth" says Andrea Behrendt, CFO of ZEAL.

Lottery Revenue Grows by 36 Percent
The strong performance of the lottery business was the key driver of ZEAL’s significant revenue growth in the first nine months of the year. Lottery billings climbed by 12 percent to € 834.3 million (2024: € 743.1 million). This growth is attributable to the increase in the average number of active customers per month (MAU) by 17 percent to 1,572 thousand (2024: 1,347 thousand). Additionally, ZEAL was able to improve its gross margin by 3.0 percentage points to 17.5 percent (2024: 14.5 percent), driven by a price increase implemented in the previous year and a changed product mix. The simultaneous increase in billings and gross margin resulted in a significant 36 percent rise in lottery business revenue to € 146.0 million (2024: € 107.6 million).