{"id":248,"date":"2024-06-26T19:15:13","date_gmt":"2024-06-26T16:15:13","guid":{"rendered":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/"},"modified":"2024-06-26T19:15:13","modified_gmt":"2024-06-26T16:15:13","slug":"zeal-network-reports-surge-in-earnings-but-expenses-rise","status":"publish","type":"post","link":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/","title":{"rendered":"Zeal Network Reports Surge in Earnings, but Expenses Rise"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/4ud4z5Jb__c\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>The German internet lottery intermediary, Zeal Network, observed a surge in its earnings to \u20ac22.6 million in the initial three months of the year. However, expenditures also saw a slight uptick.<\/p>\n<p>Zeal adjusted its business strategy, resulting in a rise in revenue during the first quarter. Income reached \u20ac22.6 million, marking an 18.9% increase compared to the same period in the previous year, expanding from \u20ac19 million in 2020 to \u20ac22.6 million. Zeal reported that \u20ac21.1 million of this total originated from its German operations, representing a 23.5% year-over-year increase, growing from \u20ac17 million in the first quarter of 2020 to \u20ac21.1 million.<\/p>\n<p>However, Zeal\u2019s revenue growth also led to higher expenses. Zeal added 156,000 new customers in its German operations during the first quarter, a decrease of 24.2% year-over-year. The company attributed the increase in customer acquisition costs, from \u20ac26.0 in the first quarter of 2020 to \u20ac33.48 this year, to heightened efforts to attract customers. Overall, marketing costs totaled \u20ac7.1 million, up 7.5% year-over-year this quarter, expanding from \u20ac6.6 million in 2020 to \u20ac7.1 million.<\/p>\n<p>Zeal attributes the 64.2% year-over-year increase in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) this quarter, growing from \u20ac2.8 million to \u20ac4.6 million, to the revenue growth, coupled with the absence of any non-recurring expenses or income. German operations contributed \u20ac4.1 million to this total, more than double the amount in the first quarter of 2020. <\/p>\n<p>Zeals performance has been adjusted after they ceased offering lottery wagering services. This marks the initial occasion they\u2019ve contrasted their outcomes annually since they commenced operating a lottery brokerage.<\/p>\n<p>This alteration in their business strategy transpired subsequent to their acquisition of the lottery brokerage firm Lotto24 in May 2019. Zeal initially endeavored to acquire Lotto24 in January 2019, following the declaration of their intentions in November 2018.<\/p>\n<p>Zeal\u2019s Chief Financial Officer, Jonas Mattson, stated they are still acclimating to the novel approach to conducting business.<\/p>\n<p>\u201cWe\u2019ve demonstrated over the preceding year that we can seize opportunities, accommodate change, and persist in modifying our operational methods,\u201d remarked Mattsson.<\/p>\n<p>\u201cWe\u2019re persevering on this trajectory.\u201d<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German internet lottery intermediary, Zeal Network, observed a surge in its earnings to \u20ac22.6 million in the initial three months of the year. However, expenditures also saw a slight uptick. Zeal adjusted its business strategy, resulting in a rise in revenue during the first quarter. Income reached \u20ac22.6 million, marking an 18.9% increase compared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zeal Network Sees Big Earnings Jump in Q1<\/title>\n<meta name=\"description\" content=\"German lottery intermediary Zeal Network reports a significant increase in revenue for the first quarter of 2021, reaching \u20ac22.6 million.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Zeal Network Reports Surge in Earnings, but Expenses Rise\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"German lottery intermediary Zeal Network reports a significant increase in revenue for the first quarter of 2021, reaching \u20ac22.6 million.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Winning Spirit at Our Licensed Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T16:15:13+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/\",\"name\":\"Zeal Network Sees Big Earnings Jump in Q1\",\"isPartOf\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website\"},\"datePublished\":\"2024-06-26T16:15:13+00:00\",\"dateModified\":\"2024-06-26T16:15:13+00:00\",\"author\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"German lottery intermediary Zeal Network reports a significant increase in revenue for the first quarter of 2021, reaching \u20ac22.6 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/26\/zeal-network-reports-surge-in-earnings-but-expenses-rise\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zeal Network Reports Surge in Earnings, but Expenses Rise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/\",\"name\":\"Unleash Your Winning Spirit at Our Licensed Online Casino\",\"description\":\"Explore the dynamic world of online gambling with our up-to-date news, in-depth reviews, and expert articles. 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