{"id":261,"date":"2024-06-27T11:22:01","date_gmt":"2024-06-27T08:22:01","guid":{"rendered":"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/zeal-network-reports-101-6-surge-in-earnings-in-q1-2022\/"},"modified":"2024-06-27T11:22:01","modified_gmt":"2024-06-27T08:22:01","slug":"zeal-network-reports-101-6-surge-in-earnings-in-q1-2022","status":"publish","type":"post","link":"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/zeal-network-reports-101-6-surge-in-earnings-in-q1-2022\/","title":{"rendered":"Zeal Network Reports 101.6% Surge in Earnings in Q1 2022"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/r5XfCn9EsuY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The German lottery firm, Zeal Network, experienced a significant surge in earnings during the initial three months of 2022. Their profits soared by a remarkable 101.6% compared to the same period in the previous year. This impressive growth was attributed to a combination of increased revenue and reduced expenditures.<\/p>\n<p>Zeal generated \u20ac25.1 million in the first quarter, representing an 11% increase from the prior year. The majority of this revenue originated from Germany, although the company also secured earnings from other nations.  The rise in revenue was primarily driven by a surge in lottery ticket sales.<\/p>\n<p>Zeal witnessed a substantial increase in lottery ticket sales, registering a 10.9% growth compared to the previous year. This upswing was fueled by larger jackpots and an expanded player base.<\/p>\n<p>Zeal attracted 154,000 new customers, a slight decrease from the previous year.  The cost of acquiring each new customer was higher, primarily due to a special promotional campaign for their &#8220;Freiheit+&#8221; charitable lottery. Excluding this promotion, the acquisition cost would have remained comparable to the previous year.<\/p>\n<p>Zeal&#8217;s operational expenses were lower than the preceding year. <\/p>\n<p>During the initial three months of 2022, Zeal&#8217;s income reached 16.5 million euros, a decrease of 8% compared to the same period last year. This decline was primarily driven by a 20.2% reduction in personnel expenditures, with the total workforce shrinking from 164 to 156 individuals. Marketing expenses rose by 3.3% to 7.3 million euros, but direct operational costs decreased by 10.6% to 2.5 million euros, and indirect operational costs also experienced a decline of 15.2% to 2.6 million euros.<\/p>\n<p>The combined effect of increased revenue and decreased expenses resulted in a substantial 95.6% year-over-year surge in earnings before interest, taxes, depreciation, and amortization (EBITDA), reaching 8.9 million euros in the quarter, a significant jump from 4.6 million euros in the previous year.<\/p>\n<p>Zeal also recorded 2.1 million euros in depreciation and amortization expenses, a slight decrease of 2.9% from the first quarter of 2021, leading to a remarkable 187.6% increase in earnings before interest and taxes (EBIT) to 6.8 million euros.<\/p>\n<p>After accounting for 0.158 million euros in financial costs and a 0.043 million euro loss from affiliated companies, pre-tax profit amounted to 6.7 million euros. Zeal paid 1.6 million euros in income tax, resulting in a net profit for the quarter of 5 million euros, more than double the 2.48 million euros recorded in the same period last year.<\/p>\n<p>&#8220;We are pleased with the start of 2022 and have once again achieved growth in revenue and profitability; this will encourage us to continue investing this year to achieve further growth,&#8221; stated Jonas Mattsson, the Chief Financial Officer of Zeal.<\/p>\n<p>Zeal further indicated that its projections for full-year transaction volume, revenue, and EBITDA remain unchanged. Based on the current overall situation, revenue could reach at least 105 million euros, representing a 21.0% increase from the previous year.<\/p>\n<p>Bills are anticipated to reach at least 750 million euros, a 14.2% increase, while EBITDA is expected to reach at least 30 million euros. <\/p>\n<p>No minutes, displaying an 8.3% rise compared to the previous year.<\/p>\n<p>Subscribe to the interactive gaming news bulletin.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German lottery firm, Zeal Network, experienced a significant surge in earnings during the initial three months of 2022. Their profits soared by a remarkable 101.6% compared to the same period in the previous year. This impressive growth was attributed to a combination of increased revenue and reduced expenditures. Zeal generated \u20ac25.1 million in the [&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 Soars: Q1 Profits Up 101.6%<\/title>\n<meta name=\"description\" content=\"German lottery firm Zeal Network sees massive Q1 profit growth, driven by increased revenue and cost reductions. 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