Lotto24s is an online lotto site that allows users to play a wide range of lottery games. The website is available in multiple languages and features an easy-to-use interface. The website also offers a mobile app for players to use while on the go.
The company is headquartered in Frankfurt, Germany and has been in business since 2012. It operates as a reseller of state and charity lotteries over the Internet under the LOTTO24 and Tipp24 brands. It also operates two charity lotteries of its own to promote educational projects. LOTTO24 is a subsidiary of ZEAL Network SE.
In 2022, the lottery provider paid out a record breaking winning amount of 316,961,160 euros to a total of almost 1.2 million lucky winners. The online market leader’s popular LOTTO 6aus49 game had the most wins, followed by the additional lotteries Spiel 77 and Eurojackpot.
Lotto24s churns out cash at a healthy rate, with operating cash flow expected to expand at a triple digit rate over the next couple of years. This is projected to translate into impressive returns on equity for investors.
The profitability of a business can be a vital metric when evaluating a stock. This is especially true for businesses with long product cycles, as a slowdown in revenue can significantly impact a company’s bottom line. To measure profitability, we can look at a company’s profit margin, which measures how much of its revenue is left over after paying out all operational expenses. Lotto24s ’s profit margin of 17% is well above the industry average of 24%, meaning that the company is generating more cash from its sales efforts. This is a positive sign that the company’s pricing power is strong and that its growth rates can continue at a rapid pace.