Zeal Network reports 23% drop in revenue for 2020

German-based Zeal Network has published its 2020 annual report, which shows revenue dropped to €87m ($102.6m) from €113.5m the previous year. The company stated that changing its business model and expected dis-synergies led to the overall drop. This also resulted in reduced adjusted EBITDA of €12.7m, which fell from 2019’s €29.4m. Despite this, Zeal did report some positives; it was able to gain 918,000 new customers ...