Zeal Network: Upgrade of the 2025 Guidance Significantly Above Consensus - this Highlights the Scalable Business Model!
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Model portfolio value Zeal Network (i) operates as an intermediary for state lottery products such as "6aus49” and "Eurojackpot,” completely independent of tariffs and economic cycles. When jackpots increase, the business accelerates, attracting new customers and engaging passive users to play lottery tickets. If the company succeeds in increasing its online penetration, currently at about 24%, to a long-term target of 40-50%, substantial organic growth lies ahead. With the dream home lottery - a raffle of an existing property in the million-euro...
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