Zeal Network doubles EBITDA in 2021
ZEAL Network SE (LOTTO24, Tipp24) published its annual report 2021 and confirmed another successful financial year in a weak market environment: ZEAL increased billings slightly by 1% to €656.5 million.
ZEAL’s marketing activities are designed in line with the respective jackpot development, lower expenditures in turn led to an increase in profitability. The adjusted EBITDA of € 27.7 million therefore significantly exceeded the previous year’s figure of € 12.7 million.
The business has reached important milestones for the further development of its business: On the one hand, the Group has successfully converted its German internet portals to the legal and technical requirements of the new Gambling State Treaty and is thus well prepared for an expansion of its offering into other gambling segments such as virtual slot machines. On the other hand, ZEAL has launched a second new charity lottery in the German market after “freiheit+” with the “German Dream House Lottery”, thus strengthening its position as the largest provider of online lotteries in Germany. Said Helmut Becker, CEO of ZEAL Network SE.