Zeal Network Posts Strong Results Boosted by Jackpots
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Zeal Network, a leading operator in Germany offering online lottery products, released a new trading update Thursday. The company has seen strong growth in business volume for the third quarter and boosted its results for first nine months of the year.
Zeal Network reports a 14% growth in revenue for the first nine months of 2022. The company acquired 501,000 newly registered customers. LotTO 6aus49 lottery's jackpot hit two times the €45 million mark and Eurojackpot recorded its highest jackpots hitting €120 million for first time in July.
Zeal Network posted strong results boosted by Jackpots. The company's CFO Jonas Mattsson said that Zeal is proud of its ongoing growth and its results so far. Zeal unveiled a public buyback offer for up to 714.285 shares.
"We are proud of our continued growth trajectory and have taken the right measures in the first nine months of 2022 to improve even further"
"We look forward to continuing to make our products accessible to more and more new target groups through targeted partnerships and systematically expanding our reach"
