ZEAL Network SE H1 2026: Key Takeaways
ZEAL Network SE First Half 2026 Financial Results Presentation
In this financial results presentation on seat11a, Andrea Behrendt, CFO of ZEAL Network SE, presents the company’s First Half 2026 Financial Results and discusses record financial performance, operational developments, customer acquisition, product diversification, and strategic expansion into the United Kingdom.
Record First Half 2026 Financial Performance
ZEAL delivered the strongest first half in its corporate history, generating record revenue of €121.8 million, representing year-on-year growth of 20%. EBITDA increased 10% to €38.9 million, corresponding to a margin of 31.9%, while net profit rose 11.9% to €21.8 million. Management attributes this performance to higher lottery billings, improved jackpot conditions, expanding gross margins, growing monthly active users and continued product diversification.
Lottery Billings, Customer Growth and Games Business
Lottery billings increased 13% to €595.9 million, supported by stronger customer activity and improved jackpot dynamics. Monthly active lottery users grew 9%, while newly registered customers reached a record 659,000 during the first half. At the same time, the Games business continued to expand, delivering 17% revenue growth alongside a 34% increase in monthly active users as ZEAL broadened its games portfolio.
Product Diversification and UK Expansion Strategy
A major focus of the presentation is the company’s diversification strategy. Management highlights the continued success of Traumhausverlosung, the launch of the new Traumautoverlosung, and the acquisition of SevenCanyon Ltd., which provides immediate access to the UK’s large and attractive prize draw market while reducing dependence on the German jackpot cycle. These initiatives support ZEAL’s strategy of expanding proprietary products, strengthening customer acquisition and broadening its geographic footprint.
2026 Guidance and Long-Term Growth Ambitions
Looking ahead, management confirmed its EBITDA guidance of €70–75 million for 2026 while updating revenue guidance following the SevenCanyon acquisition. Beyond the current year, ZEAL continues to target mid-teen annual revenue growth together with a sustainable EBITDA margin above 30%, reflecting its long-term growth ambitions.
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