European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank39

Germany · Consumer Cyc.

ZEAL Network

Through LOTTO24 and Tipp24, enables participation in state-licensed lotteries, social lotteries and virtual slot games.

+108%revenue growth
FY2022–FY2025
+161%net-income growth
FY2022–FY2025
+123%stock return
FY2022–FY2025
−13%2026 stock return
current context only

Company profile

Regulated lotteries, proprietary formats and digital games

ZEAL Network is a regulated digital-lottery and games group centred on Germany. LOTTO24 and Tipp24 broker participation in state lotteries; proprietary charity lotteries put homes, cars or long-duration income at the centre of distinct products; ZEAL Instant Games creates slots, scratchcards and instant-win titles. A cloud platform connects acquisition, payments, participation, service and compliance, while a separate venture arm backs prize-led gaming businesses.

State-lottery brokerage

LOTTO24 and Tipp24 connect customers to licensed draws

ZEAL's LOTTO24 subsidiary acts for customers and transmits their entries to the relevant lottery operators. It earns brokerage commissions without assuming organiser risk for German state-lottery products. The catalogue spans LOTTO 6aus49, Eurojackpot, Spiel 77, Super 6, GlücksSpirale, Keno, lottery clubs, instant lotteries and Deutsche Fernsehlotterie.

Proprietary formats

Charity lotteries diversify the offer beyond jackpot cycles

freiheit+ supports education projects, while Dream House Raffle turns a named property into the headline prize. Dream Car Raffle joined the portfolio in 2026: wholly owned Dreamify operates the product, Lotto24 handles marketing and sales, and at least 20% of each ticket price goes to charitable organisations. These formats sit beside, rather than replace, state-lottery brokerage.

Platform, games and experimentation

One cloud stack supports several regulated business models

ZEAL links marketing, product development, technology, data analysis and service through an internally developed cloud platform. Around 85% of new customers arrive by smartphone; personalised communication, automated campaigns and self-service support retention. ZEAL Instant Games creates slots, instant wins and scratchcards, while ZEAL Ventures gives the group a separate window on emerging prize-led businesses.

Responsibility and public benefit

Player safeguards sit alongside measurable community flows

ZEAL reports that its 2025 activity directed €379 million to social and community projects and paid €473 million to 2.1 million winners. Its player-protection framework includes deposit, stake and loss limits, breaks and self-exclusion, age controls and AI-supported detection of unusual playing patterns. Information security is audited annually against ISO 27001.

Current 2026 update

What has changed in 2026?

SevenCanyon acquisition agreement · 9 July 2026

SevenCanyon acquisition agreementlatest official update
3company-specific highlights
−13%2026 stock return · context only

Revenue

Q1 revenue rose to EUR 54.3m from EUR 51.1m.

Q1 2026 · EUR 54.3m · +6.2%

EBITDA

Q1 EBITDA fell to EUR 15.5m from EUR 17.7m.

Q1 2026 · EUR 15.5m · -12.7%

UK market entry

ZEAL agreed to acquire the remaining 96.5% of SevenCanyon for about GBP 33.8m plus up to GBP 4.8m in contingent payments, entering the UK prize-draw market.

SevenCanyon acquisition agreement

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202539+108%+161%+123%