Germany · Delayed Price · Currency is EUR ZEAL Network SE Earnings Call Transcripts
Fiscal Year 2026
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Record H1 2026 results with 20% revenue growth, 10% EBITDA increase, and strong customer acquisition. Strategic diversification advanced through new product launches and the SevenCanyon acquisition, with guidance reaffirmed and continued investment in growth.
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ZEAL acquires the remaining 96.5% of SevenCanyon for GBP 33.9 million plus earn-out, entering the U.K. prize draw market and diversifying its business. The deal is financed by a EUR 40 million loan, is EBITDA-accretive, and leverages synergies in CRM and compliance.
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Revenue grew 6% year-over-year in Q1 2026 despite a weak jackpot environment, with strong customer acquisition and expanded social lottery offerings. EBITDA reached EUR 50 million, and full-year guidance remains unchanged, with a proposed EUR 1.40 dividend per share.
Fiscal Year 2025
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Delivered strong 2025 results with 16% revenue growth and 69M EUR EBITDA despite weak jackpots. Raised guidance for 2026, targeting up to 260M EUR revenue and 75M EUR EBITDA, with continued investment in marketing and product diversification.
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Revenue grew 34% and EBITDA reached EUR 54 million in the first nine months, driven by strong customer acquisition and margin improvements despite a weak jackpot environment. Guidance for 2025 was raised, with revenue expected at EUR 205–215 million and EBITDA at EUR 63–68 million.
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Revenue grew 32% and EBITDA surpassed EUR 35 million in H1 2025, driven by margin expansion and record customer acquisition, despite a weak jackpot environment. Full-year guidance is reaffirmed, with increased marketing investment planned for H2.
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Q1 saw 42% revenue growth and nearly doubled EBITDA, driven by record new customer acquisition and margin expansion, despite no peak jackpots. Games and Dreamhouse Raffle segments showed strong growth, and full-year guidance is confirmed.
Fiscal Year 2024
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Record 2024 results featured 62% revenue growth, 88% higher EBITDA, and strong customer acquisition, driven by an exceptional jackpot environment and new product launches. 2025 guidance anticipates normalized jackpots, higher marketing spend, and continued growth in new segments.
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Revenue grew 41% and EBITDA 51% year-over-year, driven by record customer acquisition and margin expansion. The Dreamhouse Raffle launch exceeded expectations, and full-year guidance was raised. A €25 million share buyback at €44 per share was announced.
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Record new customer growth and 40% revenue increase in H1 2024, with EBITDA up 46%. Margin expansion, efficient marketing, and a new charity lottery launch support strong guidance for the year, though future jackpot volatility and regulatory limits remain key risks.