CTS Eventim reports record-breaking revenue of €2.03 billion for the first nine months of 2024, marking a 15.8% year-over-year increase. The company's strong performance is driven by significant growth in both ticketing and live entertainment segments.

Key Financial Highlights:

• Q3 2024 revenue: €825 million (up 13.1% YoY)
• Ticketing revenue Q1-Q3: €564.6 million (up 22.9% YoY)
• Live events revenue Q1-Q3: €1.49 billion (up 13.6% YoY)
• Ticketing adjusted EBITDA: €240.7 million (up 18.4% YoY)

Strong ticket sales were reported for major artists including Ed Sheeran, Iron Maiden, Gilberto Gil, and Vasco Rossi. The acquisition of See Tickets from Vivendi has contributed to the company's growth, with France Billet consolidation expected to begin in December 2024.

Notable Developments:

• Construction of Milan arena progressing as planned
• New large-scale arena announced for Vienna
• Exceptional early ticket sales for Rock am Ring and Rock im Par 2025
• Integration of recently acquired festivals from Vivendi ongoing

CEO Klaus-Peter Schulenberg emphasized the company's stable growth despite volatile market conditions, crediting their expansion strategy and portfolio diversification for long-term success.

Related Articles

Previous Articles