ZEAL Network SE Increases 2024 Financial Forecast

ZEAL Network SE has announced an upward revision of its financial forecast for 2024. Preliminary figures indicate a significant revenue and EBITDA increase in the first nine months of the year. Revenue grew by approximately 41% to EUR 121 million, up from EUR 86 million in the same period of 2023. This growth is attributed to favorable jackpots, successful customer acquisition, and an improved gross margin.

The company now anticipates annual revenue between EUR 158 million and EUR 168 million, compared to the previous forecast of EUR 140 million to EUR 150 million. EBITDA expectations have also been raised to a range of EUR 42 million to EUR 46 million, up from EUR 38 million to EUR 42 million.

The detailed quarterly statement will be released on November 6, 2024.