CTS Eventim founder & CEO Klaus-Peter Schulenberg
MUNICH, Germany (CelebrityAccess) — CTS Eventim announced solid growth in the company’s second fiscal quarter for 2024 with revenue expanding by 21.2% and adjusted EBITDA up by 23.3% year-over-year.
Revenue in Eventim’s ticketing segment expanded by 28.5% in the second quarter to 175.2 million EUR. Adjusted EBITDA went up by 35.1% to reach EUR 73.4 million in the same period.
Revenue Eventim’s Live Entertainment segment grew by 19.7% in the second quarter to EUR 631.1 million. Adjusted EBITDA rose by 5.0% to EUR 36.6 million in the same period.
For the full half-year, consolidated revenue topped EUR 1.202 billion and the company reported adjusted EBITDA of EUR 202.2 million (+28.9%.)
For the first six months, revenue for the Live Entertainment segment came to EUR 865.6 million (+15.2%) and adjusted EBITDA came to EUR 45.6 million (+26.9%).
Half-year results for CTS Eventim’s ticketing segment saw revenue of EUR 358.0 million (+25.8%) and adjusted EBITDA came to EUR 156.6 million (+29.5%).
According to Eventim, results were driven by a robust touring business that included concerts by Bruce Springsteen in Spain, and Ultimo, Pinguini Tattici Nucleari and Max Pezzali in Italy.
Additionally, results were buoyed by ticketing the Olympic and Paralympic Games Paris 2024 along with a slate of successful festivals such as Rock am Ring, Rock im Park, Hurricane, Southside and Nova Rock.
Content Disclaimer and Copyright Notice
Content Disclaimer
The content provided on this website is sourced from various RSS feeds and other publicly available sources. We strive to ensure the accuracy and reliability of the information, and we always provide source links to the original content. However, we are not responsible for the content’s accuracy or any changes made to the original sources after the information is aggregated on our site.
Fair Use and Copyright Notice
This website may contain copyrighted material, the use of which has not always been specifically authorized by the copyright owner. We believe this constitutes a “fair use” of any such copyrighted material as provided for in section 107 of the US Copyright Law.
In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.
