Business Expansion Soars for Zeal in 2024, Anticipating Further Progress in 2025
Boom Time for Zeal: A Record-Breaking Year
Zeal smashed expectations in 2024, raking in a whopping €188.2 million - a massive 62.2% spike from the previous year. This staggering figure easily surpassed the initial €150.0 million projected by the company. The jaw-dropping numbers dropped on March 26, signaling a business that's not just keeping up, but kicking ass.
The company's lottery division took center stage in this financial juggernaut. Revenue from the sector skyrocketed by a mind-boggling 59.3% to €168.3 million. With the Eurojackpot reaching epic heights for a record 13 draws, the firm couldn't help but attribute the growth to the "hot" jackpot atmosphere. Zeal also amped up the excitement by launching the 'Traumhausverlosung' draw, which promised dream homes as prizes.
The customer base took a massive leap, soaring by a whopping 25.0%, reaching an impressive 1.4 million. The average revenue per active customer also went through the roof, growing by an astounding 27.2%. Players reaped over €876.8 million in prizes, and lottery billings surpassed €1 billion for the first time, representing a robust 28.0% boost.
Online Gaming Dominating the Digital Landscape
Zeal's digital gaming division, launched in Germany mid-2023 through Lotto24 and Tipp24, also played a significant part in the company's spectacular results. Despite its late entrance into the game, online gaming revenue shot up to €9.9 million in 2024, a mind-boggling 224.1% surge.
Player engagement remained strong, with year-over-year growth in active users and average revenue per customer. Total billings reached €133.1 million, a 220.0% increase. Players cashed in on a cool €28.7 million in winnings from the platform.
BetUSDouble Your Deposit! Get 125% / $2,500! Join Now**Zeal beefed up its marketing budget, slashing the competition left and right with a 58.0% increase, reaching €56.9 million. This aggressive marketing strategy helped the company snag a record-breaking 1.3 million new customers - more than double the previous year.
Operating expenses increased by an equally impressive 53.3% to €129.4 million. But the scoreboard still showed Zeal in the lead, with an EBITDA of €61.9 million, a staggering 88.0% increase. After deducting the usual suspects like amortization, depreciation, and interest, the company recorded a pre-tax profit of €50.3 million, a jaw-dropping 125.3% jump. The profit margins leaped 333.2% to €59.4 million.
CEO Helmut Becker, who announced his decision to step down, beamed with pride. "In our anniversary year 2024, we achieved a record triple in our business development in terms of new customers, revenue and EBITDA," said Becker. He emphasized Zeal's kick-ass role in the German market, specifically with the successful launch of the 'Traumhausverlosung' draw.
Becker will remain in his role until January 31, 2025, rounding off a decade-long reign.
Mirax Casino350% or 5BTC and 150 Spins! Visit Now**Looking ahead, Zeal expects to earn between €195.0 million and €205.0 million in 2025. While this would represent a modest 6.3% growth at the midpoint, EBITDA is projected to slide, with estimates ranging from €55.0 million to €60.0 million - potentially 7.1% lower than in 2024.
The company also plans to beef up its marketing budget to between €60.0 million and €70.0 million, focusing on expanding its presence in Germany.
- Zeal's considerable success in the field of finance and business transcended into the realm of technology and investing, as their online gaming division, spearheaded by Lotto24 and Tipp24, experienced a robust growth in 2024.
- The tech-savvy approach of Zeal in investing in modern avenues of business, such as online gaming, contributed significantly to their record-breaking earnings, with digital gaming revenue surging by an astounding 224.1% in 2024.
