ZEAL Network SE Reports Robust Q2 Growth

ZEAL Network SE has posted a strong Q2 performance, with an impressive rise in both sales and EBITDA. The company's EBITDA soared 33% year-on-year, despite ongoing investments. This growth was driven by increased lottery billings, which jumped 25% compared to the previous year, significantly outperforming the broader market.

In detail, Q2 group sales increased by 34% year-on-year, boosted by a 14% growth in the user base and a 10% rise in activity per user. Notably, proprietary raffles have shown rapid scaling with sales up 52% in H1, primarily led by the Dreamhouse Raffle. Additionally, marketing efforts resulted in a 52% increase in new customers.

Despite increased marketing expenditures, the company reported a stable margin due to strategic growth investments. ZEAL maintains its EBITDA guidance of €70-75m, with the outlook appearing cautious but de-risked in light of strong H1 performance.