ZEAL Network SE (STU:TIM)

Q3 2025 ZEAL Network SE Earnings Call Transcript

Nov 5, 2025 / 09:00 AM GMT

Release Date Price: €48.1 (+0.21%)

Transcript

Key Points

Positve

ZEAL Network SE (XTER:TIMA) reported a 34% increase in revenues, driven by a 12% rise in billings and improved margins.
The company successfully increased its customer base by 17%, reaching over 1.5 million monthly active users.
Gross margin improved to 17.5%, attributed to successful price increases and product mix optimization.
The Dream House raffle product showed strong performance, exceeding expectations and contributing to customer acquisition.
ZEAL Network SE (XTER:TIMA) raised its guidance for 2025, expecting revenues between €205 to €250 million and EBITDA between €63 to €68 million.

Negative

The jackpot environment in the first nine months of 2025 was weaker than average, with only four peaks compared to six in the previous year.
Marketing expenses increased by 35%, partly due to higher media prices and investments in new business areas.
The cost per lead (CPL) rose to €46.5, reflecting the challenging jackpot environment and increased media costs.
Personal costs were higher in Q3 due to one-off expenses related to a change in the CEO position and increased incentives.
The guidance for Q4 EBITDA appears conservative, with potential for higher marketing investments impacting short-term profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TIMAn.DE - ZEAL Network SE
Q3 2025 ZEAL Network SE Earnings Call
Nov 05, 2025 / 09:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning ladies and gentlemen, and a warm welcome to today's earnings call of the Zeal Network SE following the publication of the Q3 figures of 2025. I am delighted to welcome the CEO Dr. Stefan Verase, and the CFO Andrea Berndt, who will guide us through the presentation and the results. After the presentation we will move on to a Q&A session in which you will be allowed to place your questions directly via audio line. Questions via chat cannot be submitted today. So, having said this, Andrea, the stage is yours.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thanks a lot and

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.