ZEAL Network Achieves Record First-Half Revenue of €121.8m While Maintaining Full-Year Guidance After SevenCanyon Deal
TL;DR — ZEAL Network posted record H1 revenue of €121.8m, up 20% YoY, and EBITDA of €38.9m, up 10%. Lottery and games customer metrics rose sharply, with new registrations up 32%. The company confirmed full-year revenue and EBITDA guidance after its July SevenCanyon acquisition.
ZEAL Network reported its highest first-half revenue on record at €121.8m. This represents a 20% increase from €101.5m in the first half of 2025. EBITDA rose 10% to €38.9m from €35.4m.
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.”
Improved jackpot conditions and the successful launch of the Dream Car Raffle drove customer activity in the lottery segment. Monthly active lottery customers increased 9% to 1.65 million. Newly registered customers rose 32% to 659,000.
Lottery revenue reached €110.6m, up 20% year-on-year, with gross margin expanding to 18.2% from 17.3%. Games revenue grew 17% to €7.8m, supported by active users climbing 34% to 35,000.
Guidance Confirmed Following SevenCanyon Acquisition
Following the acquisition of UK prize draws company SevenCanyon in July 2026, ZEAL affirmed its full-year guidance for revenue of €250m to €260m and EBITDA of €70-€75m. 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.”
Behrendt noted flexible marketing investments aligned with market and jackpot conditions produced efficient new customer acquisition. The approach supports profitable growth alongside scaling of proprietary products such as freiheit+ and Traumautoverlosung.
According to Lottery Daily, the first-half performance reduces dependence on jackpot cycles through diversified offerings that complement the core German business.
Reporting: Lottery Daily
ZEAL proves lottery isn't dead—it's evolving with proprietary games, smarter acquisition, and post-jackpot diversification that actually scales.
We've watched regulated lottery operators struggle with jackpot dependency for years. ZEAL's 32% jump in new registrations and 34% games user growth show the model works when you own the product stack and adapt marketing spend to conditions. SevenCanyon adds UK exposure without derailing guidance—that's disciplined expansion in a compliance-heavy vertical we know cold.
- €121.8m H1 revenue (+20% YoY), €38.9m EBITDA (+10%); lottery margin expanded to 18.2%
- 659k new registrations (+32%), 35k active games users (+34%) via proprietary products like Dream Car Raffle
- SevenCanyon UK acquisition integrated; full-year guidance €250–260m revenue, €70–75m EBITDA reaffirmed
SCCG angle: SCCG has partnered with lottery modernization plays across Europe and knows the compliance, payment, and localization landmines. If you're building proprietary draw products or eyeing cross-border lottery tech, we connect you to the platform builders, payment processors, and regulatory advisors who've actually scaled in Germany and the UK—not theory, deployed infrastructure.