ZZeal Network SE operates as an international, listed group that offers online lottery experiences. In Germany it is the leading online lottery provider through its brands LOTTO24 and Tipp24, and in Spain it partners with the national lottery ONCE. Through Zeal Ventures, the group also backs e-commerce start-ups such as Omaze and DAYMADE. Zeal Network’s products are online lottery platforms that let customers purchase official lottery entries digitally, often through partner brands and networks, generating revenue from commissions and platform services. The company distinguishes itself by operating across multiple countries with dedicated online lottery brands, maintaining an independent, visionary corporate culture, and supporting start-ups via its venture arm. Its stated goal is to encourage people to dream by delivering entertaining lottery experiences and expanding access to online lottery markets and related ventures.
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1999
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Zeal reports 22% revenue growth following SevenCanyon M&A. The acquisition of a 96.5% stake in operator SevenCanyon led to €10.5 million of revenue over the first nine months of 2026. German lottery brokerage Zeal Network SE reported a 22% increase in group revenue for the first nine months of 2026, to €198.8 million ($223.8 million), as its lottery business grew and it began consolidating UK prize-draw operator SevenCanyon. This was up from €162.6 million in the same period of 2025. Group EBITDA rose 9% to €58.7 million, despite one-off merger and acquisition costs that the company described as "mid-single-digit millions of euros". Zeal acquired the remaining 96.5% of SevenCanyon on 9 July and included the business in its results for the first time in the third quarter. SevenCanyon contributed €10.5 million in revenue over the nine-month period. Revenue in Zeal's "Others" segment increased 241% year on year to €15.8 million; the segment recorded EBITDA of €2.6 million, of which €1.4 million came from SevenCanyon. Core business 'continues to grow' Chief executive Dr Stefan Tweraser said the broader business mix was supporting growth and reducing the company's exposure to jackpot cycles. "Our strategy to diversify our business is paying off. We are expanding our revenue basis and opening new growth opportunities," Tweraser explained. "Our core business of brokering state lotteries continues to grow, while our charity lotteries, games and the newly acquired international business of SevenCanyon strongly contribute to revenues and further reduce our exposure to jackpot cycles," he added. "We have successfully consolidated SevenCanyon into the Zeal Group, laying an important foundation for the diversification of our business," said CFO Andrea Behrendt. Double digit growth for charity lotteries. Lottery revenue rose 16% to €170.8 million, from €147.7 million a year earlier. Lottery billings increased 10% to €915.1 million. Zeal added more than one million lottery customers during the period, up 15% on the 879,000 recorded in the first nine months of 2025. Average monthly active lottery users reached 1.678 million, compared with 1.572 million a year earlier. The lottery gross margin improved to 18.3%, from 17.5%. Games revenue increased 18% to €12.1 million, while games billings rose 17% to €160.3 million. Average monthly active users in games grew to 35,000 from 28,000. The company said its charity lotteries, including the Dream Car and Dream House raffles, continued to record double-digit growth. Dream House raffles averaged €9 million in billings per prize event over the period. Zeal said customer growth supported more than €300 million in contributions to public funding and charitable causes in Germany, a figure cited by Behrendt. Revenue forecast lifted. The company maintained its EBITDA forecast of between €70 million and €75 million. That outlook includes expected non-recurring acquisition costs and assumes a normal jackpot environment in Germany. Following SevenCanyon's consolidation and its presentation under International Financial Reporting Standards, Zeal raised its full-year revenue guidance to €270 million-€280 million, from a previous range of €250 million-€260 million. The story behind the acquisition. For Zeal, the SevenCanyon acquisition was an ideal way to enter the UK prize draw market. When speaking to analysts about the acquisition, Tweraser explained that Zeal's commitment to regulation was an overarching factor in the success of its market entry. "We expect the UK price draw to continue moving towards more formalised rules and higher regulated standards. This should really favour us with strong experience over the last 20 years in a highly regulated market like Germany," he said. He added: "This is an ideal environment for us as a well-capitalised consolidator with the right infrastructure [and] a rules-based setup. Rising standards favour operators with a strong compliance capability and market-related expertise." Currently, the prize draw sector in the UK exists outside traditional lottery regulation. A voluntary code, set up by the Department for Culture, Media and Sport, has revolutionised the operations of the sector, providing guidance for operators around player protection and accountability. Although not legally binding, this code has been framed as essential for operators looking to establish themselves in the UK prize draw market. "SevenCanyon was one of the big proponents and big drivers of that voluntary code of conduct," Tweraser emphasised during the call.
ZEAL lifts nine-month revenue 22% to €198.8m, raises 2026 outlook after SevenCanyon. 04 Nov 2026 ZEAL Network SE reported nine-month 2026 group revenue of €198.8 million, up 22% year-on-year, and raised its full-year revenue guidance to €270-280 million following the first-time consolidation of UK prize draw business SevenCanyon. The company published the update on 04 November 2026 in Hamburg. Group EBITDA increased 9% to €58.7 million despite what ZEAL described as "mid-single-digit millions of euros" in non-recurring, M&A-related expenses. "Our strategy to diversify our business is paying off. We are expanding our revenue basis and opening new growth opportunities," said Dr Stefan Tweraser, CEO of ZEAL Network SE. ZEAL's Lotteries segment remained the main contributor, with revenue up 16% to €170.8 million. Lottery billings increased 10% to €915.1 million, supported by customer growth and activity. New lottery customers rose 15% to more than one million in the period, while average monthly active users increased to 1,678 thousand. Lottery gross margin improved to 18.3%. Outside core lottery brokerage, ZEAL said its Games business revenue grew 18% to €12.1 million, with billings up 17% to €160.3 million and average MAU rising to 35 thousand. The company also highlighted ongoing expansion of its charity lottery portfolio, including the launch of the Dream Car Raffle ("Traumautoverlosung") and continued growth from the Dream House Raffle ("Traumhausverlosung"). SevenCanyon was consolidated for the first time in Q3 after ZEAL announced the acquisition of the remaining 96.5% on 9 July 2026, taking ownership to 100%. In the Others segment, revenue rose 241% to €15.8 million, including €10.5 million from the acquired business. Segment EBITDA grew 59% year-on-year to €2.6 million, with SevenCanyon contributing €1.4 million. ZEAL kept its 2026 Group EBITDA guidance unchanged at €70-75 million, assuming what it called a normal jackpot environment in Germany and including the expected acquisition-related one-offs. "We have successfully consolidated SevenCanyon into the ZEAL Group," said Andrea Behrendt, CFO of ZEAL Network SE, adding: "Despite a subdued Eurojackpot environment, we attracted more than one million new customers in the first nine months of 2026." HIPTHER Campaign Upcoming igaming events. Join industry leaders for practical insights, focused discussions, and high-value connections at upcoming HIPTHER events. HIPTHER Prague summit 2027. Two days of gaming, fintech, payments, compliance, and emerging technology for the international HIPTHER community. 23-24 March 2027 OREA Hotel Andels Praha - Prague, Czech Republic
ZEAL partners with Games Valley to add slot content to LOTTO24 and Tipp24. Hamburg-based ZEAL said on 01 October 2026 that it has entered a strategic partnership with iGaming aggregation platform Games Valley to expand its online games portfolio for its B2C brands LOTTO24 and Tipp24. Under the... Oct 01, 2026 · 1:06 AM · Adrienn Sarkany Hamburg-based ZEAL said on 01 October 2026 that it has entered a strategic partnership with iGaming aggregation platform Games Valley to expand its online games portfolio for its B2C brands LOTTO24 and Tipp24. Under the agreement, Games Valley will supply virtual slot games from multiple international studios for integration into ZEAL's games offering. ZEAL said the content available via the Games Valley platform includes titles from Wazdan, NetEnt, Red Tiger and Nolimit City, among others. The companies described the arrangement as a long-term, mutual partnership. ZEAL said it plans to use the deal to add additional providers and games to its B2C offering in the near term, while also opening a future distribution channel for its own titles through its B2B brand, ZEAL Instant Games. "Games Valley is a strong international partner whose technology and content offering are an excellent fit with our strategy," says York Scheunemann, Vice President Games at ZEAL. "The partnership allows us to strategically expand our portfolio with attractive games from renowned providers and offer our customers even greater variety. At the same time, we are deliberately taking a long-term view of this collaboration: it strengthens our B2C offering today while opening up additional opportunities for our B2B business in the future. This makes the partnership another important building block in our growth strategy for the games business." "ZEAL is an exciting and ambitious player in the games market, and we are delighted to partner with them as we take our important step into the German market. This partnership represents an important milestone for Games Valley and is a strong reflection of the quality of our technology and the strength of our global content network," says Ariel Reem, CEO at Games Valley. "We are excited to bring our portfolio of leading international content to ZEAL and its customers, while building a partnership that has the potential to grow well beyond the initial collaboration. Germany is an important market for us, and we look forward to exploring further opportunities with ZEAL and across the market in the future." Adrienn Sarkany Hello there! Adrienn here. I have a deep passion for art and a profound connection to the natural world. My journey through life has been a colorful one, driven by my love for creativity, music, and the wonders of the great outdoors. As a dedicated student, I've already earned a degree in Classic Cantos, a testament to my appreciation for the timeless beauty of classical music. Beyond the classroom, my artistic spirit thrives through my love for painting and drawing. These creative outlets allow me to express my thoughts and emotions, transforming blank canvases into vibrant stories. My interests go far beyond music and art. Singing, playing the piano, and exploring new melodies are integral parts of my life, providing me with both solace and exhilaration. When I'm not immersed in the world of art and music, I find solace in nature's embrace. My heart is drawn to animals and the serene beauty of the natural world, fueling my desire to protect and preserve its precious environment.
ZEAL appoints York Scheunemann to lead online gaming business. 26th August 2026 6:27 am New appointment brings extensive expertise in digital marketing, ecosystem growth and corporate development ZEAL Network has appointed experienced digital and transformation executive York Scheunemann to lead its growing online gaming division. Scheunemann brings more than 20 years' of leadership experience in international technology companies and scale-ups, including more than twelve years in various leadership positions at Google. He has also served on advisory boards for several high-growth companies, including the EHL Group in Lausanne. "Our Games business is a key pillar of ZEAL's growth strategy," said ZEAL CEO Stefan Tweraser. "With York, we are bringing on board a leader with a proven track record of building and scaling digital business models over many years. "His experience in international technology companies, combined with his strategic expertise as an advisor and board member, will help us further develop this important business area and unlock its full growth potential." As vice president of games, Scheunemann is responsible for further expanding the company's games offering and building its international partner ecosystem. "ZEAL has built a highly successful Games business in a very short period of time, establishing it as an important growth driver for the company," said Scheunemann. "I look forward to building on this success together with the team by further developing our offering strategically, unlocking new growth opportunities and expanding the ecosystem around ZEAL Games alongside our international partners." In the first-half of 2026, ZEAL's online gaming business continued to growth in the first half period, with revenue up 17 per cent at €7.8 million, benefiting from a 34 per cent rise in month active users (MAUs) to 35,000. Shares in ZEAL Network SE (FRA:TIMA) were unchanged at €42.70 per share in Frankfurt earlier Wednesday.
ZEAL appoints Scheunemann as VP games. He is responsible for further expanding the company's games offering. August 26, 2026 Online casino York Scheunemann is now leading ZEAL's games business as vice president games. Reporting directly to CEO Stefan Tweraser, he is responsible for further expanding the company's games offering and building its international partner ecosystem. In this role, he will drive the strategic growth of the business and strengthen it for the long term. With Scheunemann, ZEAL has gained an experienced digital and transformation executive with more than 20 years of leadership experience in international technology companies and scale-ups. He spent more than 12 years in various leadership positions at Google and brings extensive expertise in digital marketing, ecosystem growth and corporate development. He also brings extensive experience from serving on advisory boards for high-growth companies, including the EHL Group in Lausanne. 'Built games business in short period of time' "ZEAL has built a highly successful games business in a very short period of time, establishing it as an important growth driver for the company", said Scheunemann. "I look forward to building on this success together with the team by further developing our offering strategically, unlocking new growth opportunities and expanding the ecosystem around ZEAL games alongside our international partners." "Our games business is a key pillar of ZEAL's growth strategy", added Tweraser. "With York, we are bringing on board a leader with a proven track record of building and scaling digital business models over many years. His experience in international technology companies, combined with his strategic expertise as an advisor and board member will help us further develop this important business area and unlock its full growth potential."
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1999
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs