ZEAL Network SE/€TIMA
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About ZEAL Network SE
ZEAL Network SE is a Hamburg-based e-commerce group specializing in online lottery brokerage. Operating primarily through its brands Lotto24.de and Tipp24.de, the company offers a range of lottery products, including 'LOTTO 6aus49', 'Eurojackpot', 'Spiel 77', 'Super 6', 'GlücksSpirale', and 'Keno'. Founded in Germany in 1999 as Tipp24 SE, ZEAL transitioned from lottery brokerage to the secondary lottery business in 2009, relocated its registered office to London in 2014, and returned to Germany in 2019 following the acquisition of LOTTO24 AG. The company also operates charity lotteries such as 'freiheit+' and 'Traumhausverlosung', and offers virtual slot machine games. ZEAL's strategic positioning includes a focus on the German market, leveraging its established brands and diversified product portfolio to maintain a strong presence in the online lottery sector. (,)
- Ticker
- €TIMA
- Sector
- Consumer Discretionary
- Primary listing
- XETRA
- Employees
- 334
- Headquarters
- Hamburg, Germany
- Website
- www.zealnetwork.de
ZEAL Network SE Metrics
BasicAdvanced
€918M
22.85
€1.90
0.31
€1.40
3.23%
Price and volume
Market cap
€918M
Beta
0.31
52-week high
€52.20
52-week low
€39.00
Average daily volume
3.2K
Dividend rate
€1.40
Financial strength
Current ratio
1.416
Quick ratio
0.899
Long term debt to equity
0.466
Total debt to equity
0.515
Dividend payout ratio (TTM)
15.83%
Interest coverage (TTM)
15.50%
Profitability
EBITDA (TTM)
73.214
Gross margin (TTM)
74.48%
Net profit margin (TTM)
15.65%
Operating margin (TTM)
24.81%
Effective tax rate (TTM)
32.48%
Revenue per employee (TTM)
€770,000
Management effectiveness
Return on assets (TTM)
8.41%
Return on equity (TTM)
17.69%
Valuation
Price to earnings (TTM)
22.849
Price to revenue (TTM)
3.575
Price to book
3.96
Price to tangible book (TTM)
-10.11
Price to free cash flow (TTM)
23.754
Free cash flow yield (TTM)
4.21%
Free cash flow per share (TTM)
1.825
Dividend yield (TTM)
3.23%
Forward dividend yield
3.23%
Growth
Revenue change (TTM)
10.03%
Earnings per share change (TTM)
-17.75%
3-year revenue growth (CAGR)
29.72%
10-year revenue growth (CAGR)
8.57%
3-year earnings per share growth (CAGR)
44.08%
10-year earnings per share growth (CAGR)
6.29%
3-year dividend per share growth (CAGR)
11.87%
10-year dividend per share growth (CAGR)
-6.70%
What the Analysts think about ZEAL Network SE
Analyst ratings (Buy, Hold, Sell) for ZEAL Network SE stock.
Analyst projections of the future price of ZEAL Network SE stock.
Bulls say / Bears say
Lottery revenue rose 16% to €170.8 million in the first nine months, active customers grew 7% and gross margin improved to 18.3%. This points to healthy growth in ZEAL’s core business, even with a weaker Eurojackpot backdrop. (EQS News)
ZEAL’s own charity lotteries and Games broaden its offer beyond state lottery draws. Dream House Raffle revenue grew at a double-digit rate, the new Dream Car Raffle began its second season, and Games revenue rose 18% in the first nine months. (EQS News)
The SevenCanyon deal gives ZEAL a foothold in the UK prize-draw market, while its consolidation prompted the company to raise 2026 revenue guidance to €270–280 million from €250–260 million. The acquisition also creates a route to expand beyond Germany over time. (EQS News)
Profit growth is trailing sales growth: nine-month revenue rose 22%, but EBITDA increased only 9%, while marketing costs climbed 35% to €67 million. Continued customer-acquisition spending could weigh on margins if returns weaken. (EQS News, Investing.com)
Lottery demand still moves with jackpot conditions: Eurojackpot’s average jackpot fell to €40.8 million from €50 million, and it reached its €120 million cap twice versus four times a year earlier. A weaker jackpot cycle could therefore slow customer activity and acquisition. (Investing.com)
SevenCanyon added €10.5 million of revenue in its first reported quarter but contributed only €1.4 million of EBITDA; ZEAL also incurred €4.9 million in transaction advisory costs. The deal may take time to deliver meaningful profit after its integration costs. (EQS News)
Data summarised monthly by Lightyear AI. Last updated on 11 Nov 2026.
ZEAL Network SE Financial Performance
Revenues and expenses
ZEAL Network SE Earnings Performance
Company profitability
Upcoming events
No upcoming events
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.