German lottery solutions provider ZEAL Network has reported its highest first-half revenue on record, at a total of €121.8m.
The results represent a 20% YoY increase from the previous year, when H1 revenue stood at €101.5m. Performance-wise, EBITDA brought a double-digit growth of 10%, going up to €38.9m from €35.4m in the previous corresponding period.
Dr Stefan Tweraser, Chief Executive Officer of ZEAL Network SE, commented: “The first-half results confirm that our strategy is delivering: we are continuing to grow our core German business while at the same time diversifying ZEAL through our own scalable products.
“With freiheit+, the successful Traumhausverlosung and the newly launched Traumautoverlosung, we have established offerings that complement our strong market position while reducing our dependence on jackpot cycles. These are excellent prerequisites for sustainable profitable growth.”
Improved jackpot conditions and the successful launch of ZEAL’s ‘Dream Car Raffle’ (Traumhausverlosung) led to a strong customer activity, making its lottery business one of the key growth drivers.
The average number of monthly active lottery customers saw an uptick of 9%, going up from 1.5 million in H1 2025 to 1.65 million in the first half of 2026. The number of newly-registered customers went up by 32% to 659,000, compared to 499,000 in H1 2025.
Lottery gross margin increased to 18.2% from 17.3% the previous year, while revenue from lotteries went up to €110.6m, a 20% YoY increase from €91.9m in H1 2025.
Meanwhile, Games revenue was also up thanks to ZEAL’s expansion of B2C content. Active users went up by 34% to 35,000 when pitted against last year’s 26,000 in the first half. This brought with it a Games revenue increase by 17% to €7.8m (H1 2025: €6.7m).
Following the acquisition of UK prize draws company SevenCanyon in July, ZEAL has confirmed its full-year guidance published earlier this year of EBITDA at around €70-€75m, and revenue of between €250m and €260m.
Andrea Behrendt, Chief Financial Officer of ZEAL Network SE, added: “We delivered double-digit growth in both revenue and EBITDA while continuing to invest selectively in new products, technology and the further development of our organisation.
“At the same time, we managed our marketing investments flexibly in line with market conditions and jackpot developments, achieving a high level of efficiency in new customer acquisition.
“This enables us to combine profitable growth with the investments required to further scale our proprietary product categories and our platform.”