German online gaming provider Zeal Network posted a 42 per cent jump in revenue in Q1, with EBITDA almost doubling.
Revenue climbed from €36.1m in Q1 2024 to €51.1m in Q1 2025, while EBITDA rose 89 per cent from €9.4m to €17.7m.
In its lotteries segment, Zeal’s revenue rose 41 per cent to €45.2m, and its online casino games division revenue increased 56 per cent to €3.4m.
“The first quarter of 2025 was not only extremely successful for Zeal, but also highly indicative of our future direction,” the company said.
“We achieved significant growth in both revenue and profitability, while continuing to add new customers and thus strengthening our position as Germany’s leading online lottery provider.”
Zeal’s B2C games portfolio moved past 400 titles by March 31 this year, leading to a 31 per cent increase in average revenue per user.
