Half Year 2026 ZEAL Network SE Earnings Call Transcript

Aug 5, 2026 / 08:00 AM GMT

Release Date Price: €44.1 (-0.23%)

Transcript

Key Points

Positve

Record H1 revenue of EUR122 million, up 20% year-over-year, with double-digit growth in EBITDA and net profit.
Record customer acquisition of 659,000 new customers in H1, a 32% increase, with cost per lead rising only 7%.
Successful launch of TRAUM Autofolösung, with over 217,000 tickets sold and EUR2 million in billings in its first draw.
Acquisition of SevenCanyon provides immediate access to the UK price-home market, diversifying geographic footprint and reducing dependency on German jackpots.
Strong gross margin improvement to 18.2% from 17.3%, driven by favorable product mix and diversification.

Negative

Marketing expenses rose 37% due to increased customer acquisition investments, pressuring near-term profitability.
Games business monthly active user growth is decelerating quarter-over-quarter, with monetization lagging due to a shift toward standard players.
Social lottery products (Traumhaus and Traumauto) are still in investment phase and not yet contributing positively to EBITDA.
SevenCanyon acquisition adds M&A-related one-off expenses in the mid-single-digit million euro range, impacting EBITDA guidance.
Revenue guidance for 2026 remains uncertain due to pending IFRS transition for SevenCanyon, with no updated range provided.

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

TIMAn.DE - ZEAL Network SE
Half Year 2026 ZEAL Network SE Earnings Call
Aug 05, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the earnings call of ZIEL Network SA regarding the H1 figures of 2026. The company's CEO Dr. Stefan Verase and CFO Andrea Wehrendt will guide you through the figures in a moment, followed by a Q&A session via audio line.

Please, ladies and gentlemen, make sure we can see your full name.

And with that, I'm handing over to you Andrea.

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Unidentified_2 [2]
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Thanks a lot and good morning everyone and welcome to Zeal's earnings call presentation for the first half year of 2026. I'm Andrea Behren, the CFO of Zeal and I'm joined

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