ZEAL Network reported higher revenue and EBITDA for the first nine months of 2026. The ZEAL 9M results were supported by its lottery business and the first contribution from SevenCanyon. ZEAL operates online lottery and gaming products, mainly in Germany.

• Revenue and earnings: Group revenue increased 22% to EUR 198.8m, from EUR 162.6m a year earlier. EBITDA rose 9% to EUR 58.7m, despite acquisition-related one-off costs in the mid-single-digit millions. The ZEAL 9M results include EUR 10.5m of revenue from SevenCanyon.
• Lottery business: Lottery revenue increased 16% to EUR 170.8m, while billings rose 10% to EUR 915.1m. Average monthly active lottery customers increased to 1.68 million, from 1.57 million. More than one million new lottery customers were added during the nine-month period.
• Charity lotteries: ZEAL expanded its charity lottery business through its Dream House and Dream Car raffles. Four houses were awarded during the nine-month period, with average billings of EUR 9m per house. CEO Stefan Tweraser said: “Our strategy to diversify our business is paying off.”
• Games and online slots: ZEAL operates virtual slot games alongside its lottery products. Games revenue increased 18% to EUR 12.1m, from EUR 10.3m, while billings rose 17% to EUR 160.3m. Average monthly active Games customers increased 25% to 35,000, from 28,000.
• SevenCanyon and outlook: ZEAL acquired the remaining 96.5% of UK prize draw company SevenCanyon and consolidated it from Q3 2026. ZEAL raised its 2026 revenue guidance to EUR 270–280m, from EUR 250–260m, while EBITDA guidance remains EUR 70–75m.

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