Zeal reports 19% Q1 revenue uptick despite weak jackpot environment

Hamburg-based lottery brokerage posts first quarter revenue of €22.6m as adjusted EBITDA hits €4.6m

Online lottery brokerage business Zeal Network has posted a 19% year-on-year increase in revenue to €22.6m (£19.6m) for Q1 2021. The German firm said profitability had significantly improved, with a strong gross margin being achieved, as well as increased billings and revenue during the period. Zeal’s Q1 billings rose by 17% to €163.3m from a…

Finance | German market | Lottery | Lotto24 | Q1 2021 | Zeal Network