Games business – a second EBITDA accelerator? Following recent additions to the Games portfolio, we take this opportunity for another deep dive into the new Games business, highlighting the favourable business metrics and showing its enormous potential for ZEAL, once scaled. Here’s our take: User metrics exceed those of lottery by [ … ]

Q4 preview: tough comp for lottery, games still small Topic: ZEAL should release final FY'23 figures on March 20th. Here's what we expect for Q4'23e: Tough comp for lottery: Against a strong Q4'22 (peaking EuroJackpot), total German lottery spending (on & offline) has declined by 9% yoy in Q4'23 (+3% yoy for FY'23; Source: DLTB). For ZEAL [ … ]

Online transformation with ongoing momentum Topic: Yesterday, the state lottery operator DLTB released its 2023 lottery data, revealing a continuous and strong outperformance of the online distribution channel. Online transformation in full swing: In total, lottery players played for c. € 2bn via online channels, marking a solid 10.4% grow [ … ]

Lucrative “Games” business metrics In Q3, ZEAL’s games business showed first meaningful impacts, but more importantly provided some tangible KPIs. Hence, we evaluate those metrics to compare Games with Lottery. New KPI 'Pay-Ins': ZEAL introduced this new KPI to better compare Lottery and Games. Pay-in refers to the amount of [ … ]

Q3 review: superb Games kick-off, chg. est & PT Topic: ZEAL released better than expected Q3 results with strong billings and sales driven by heightened jackpots and user activity. More importantly, the Games roll-out came in strong. The first-time impact of Games came in much stronger than anticipated with € 16.7m in billings (vs eN [ … ]