Lotto24s is an online lottery site that offers users the ability to participate in a number of state and charity lotteries. The website provides a variety of ways for players to engage with the games and allows them to set up syndicates to play with friends. The site is also committed to player protection and uses technology-based solutions to prevent addiction and underage gambling.
Founded in Germany, the company brokers lottery products via the Internet, receives brokerage commissions, and pays out winnings for its customers. The website offers German state-licensed lotteries such as lotto 6aus49, Spiel 77, Super 6, Euro jackpot, Glucks spirale, and keno, along with charity lotteries for educational projects. The site also sells additional services such as lotto club, a mobile app, and a payment platform.
Lotto24’s market share is growing and it is well positioned to continue this growth. The company has a clear strategy for expansion and continues to invest in its product offering. In addition, it has a strong balance sheet with positive cash flow.
The company’s profitability and growth are expected to improve in the coming years, but investors should keep a close eye on the sustainability of its cost management methods.
In a world where the duopoly of Apple and Samsung is starting to fade, OEMs such as Xiaomi and Huawei are making significant inroads into the German smartphone user base. To capitalize on this trend, LOTTO24 partnered with AVOW to reach new audiences through customized on-device campaigns across Xiaomi’s GetApp and Huawei’s alternative appstores. AVOW was able to drive significant app installs for the Lotto24 mobile app on these platforms while delivering against key down-funnel performance KPIs.
Investors should keep an eye on the earnings trajectory of Lotto24, as it is projected to report triple digit growth this year. This will help investors evaluate the company’s ability to sustain profit growth compared to competitors. Using TipRanks Smart Score, an algorithm that considers multiple data sets, we can gain insight into the financial stability of the company.
