ZEAL Network SE: insider trades · Germany · BaFin

About ZEAL Network SE

ZEAL Network SE is a German listed company trading on Xetra/Frankfurt (DAX/MDAX/SDAX) and operating in the online lottery and regulated gaming space. The group is headquartered in Hamburg, Germany, at Strassenbahnring 11. Founded in 1999, ZEAL began as a lottery broker and has since evolved into a broader digital platform focused on customer acquisition, retention, and product innovation within a tightly regulated market. Over time, the company has re-established its operational base in Germany and is now positioned as the leading online lottery provider in the country. ZEAL’s core business is the online distribution of lottery products through its well-known brands LOTTO24 and Tipp24. These brands allow customers to participate in state-licensed lottery draws and other approved lottery formats. In addition to traditional brokerage activity, ZEAL has built proprietary, higher-margin product lines such as social lotteries, including freiheit+, the Traumhausverlosung (Dream House Raffle), and more recently the Traumautoverlosung (Dream Car Raffle). At the same time, the company continues to expand its Games offering, broadening its portfolio and strengthening its position as a scalable technology-driven gaming platform. This diversification is strategically important because it reduces ZEAL’s dependence on jackpot cycles and supports longer-term growth resilience. From a competitive standpoint, ZEAL holds a leading position in German online lotteries, supported by a sizeable active customer base, strong brand recognition, and a digital marketing engine tailored to a highly regulated environment. Its competitive advantages include brand strength, customer loyalty, proprietary product development, and a technology infrastructure designed for online lottery distribution. The group’s operating footprint is mainly centered on Germany, while it also maintains historical operational presence in London and Madrid as part of its broader group setup. Recent developments underline the company’s momentum. In 2024, ZEAL reported record levels of revenue, new customer acquisition, and EBITDA, benefiting from a favorable jackpot environment and the strong performance of the Traumhausverlosung. In March 2026, the company reported another year of double-digit growth for fiscal 2025, again highlighting the progress of its diversification strategy. In April 2026, ZEAL launched the Traumautoverlosung, its third proprietary social lottery, reinforcing its product innovation pipeline in the German regulated market. For international investors, ZEAL stands out as a specialized growth and cash-generative online gaming business with a focused geographic base, regulatory barriers to entry, and a steadily diversifying product mix.