ZEAL Network SE Sees Stellar Q2 Performance Boosting Revenue Projections

ZEAL Network SE, a leading operator in the lottery domain, showcased impressive Q2 results. The EuroJackpot, contributing 45% to ZEAL's lottery billings, had a stellar performance. Peak jackpots, spread over six weeks, raised average jackpot sizes to €61m, leading to a 23% year-on-year increase in lottery stakes to €1.27bn. This also marked a 10% sequential growth from Q1 2024.

Meanwhile, Lotto 6aus49, another major product, underperformed with a largest jackpot of only €24m. Consequently, stakes for Lotto 6aus49 were down 8% year-on-year to €844m. Combined, ZEAL's lottery stakes increased by 8% year-on-year to €2.12bn.

Due to these results, ZEAL expects a significant increase in user registrations and elevated user activity. As a result, overall sales projections for the year have been revised upward to €155m, surpassing previous guidance. EBITDA is also expected to reach the top end of the guidance range at €42m.