CTS EVENTIM – Consistently high growth in revenue and earnings
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EQS-News: CTS Eventim AG & Co. KGaA
/ Key word(s): Annual Report/Annual Results
Press Release
Munich, 27 March 2025 – CTS EVENTIM, the number one for ticketing and live entertainment in Europe and the number two worldwide, reports record revenue and earnings once again in 2024. Consolidated revenue for 2024 was up by 19.1% at EUR 2.809 billion, while adjusted EBITDA increased by 21.9% to reach EUR 542.2 million. Besides a very buoyant fourth quarter, international acquisitions also played a key part in these excellent results. Klaus-Peter Schulenberg, CEO, CTS EVENTIM: “Rising demand, organic growth, ongoing synergies and a successful international acquisition policy are the pillars of our robust growth. We have ensured that – in addition to our technologies – our processes and business models are becoming great exports. They are the basis on which we will integrate future acquisitions even more quickly, realise synergies even sooner and enhance our success and attractiveness as a partner for international acquisitions and equity investments.” Ticketing: growth in demand and international expansion Global demand for live entertainment is on a continual upward trajectory. The Ticketing segment benefited particularly strongly from this in 2024 thanks to its scalability in terms of volumes and internationalisation. The segment also benefited from the first-time consolidation of several recent acquisitions for the entire high-revenue fourth quarter. Specifically, those acquisitions were the ticketing market leaders in Chile (Punto Ticket) and Peru (Teleticket) in November 2023, and See Tickets – acquired from Vivendi and especially strong in the UK and the US – in June 2024. In addition, the majority acquisition of the French market leader France Billet at the beginning of December 2024 contributed positively, with parts of the Christmas business already fully consolidated. Besides the consolidation of revenue and earnings, these acquisitions will give rise to further positive synergies in future. The many operational and strategic successes in 2024 produced renewed growth in annual revenue in the Ticketing segment to EUR 879.9 million (+22.7%) and adjusted EBITDA of EUR 416.5 million (+21.1%). Live Entertainment: Broadway, venues and concerts The ‘Elf The Musical’ EVENTIM LIVE production was a great hit over the holiday period in New York and even ranked at number four of the best-selling musicals on Broadway in mid-December 2024, just behind Wicked, The Lion King and Hamilton. Besides hugely popular touring exhibition formats – including the Formula 1 and Harry Potter exhibitions – and celebrated international tours, such as David Gilmour’s in Italy and the US, the Live Entertainment segment’s success stemmed once again from the strong local content of national and international promoters. The successful operation of several iconic European venues, which is also part of the Live Entertainment business, added to the segment’s success. Once it has been completed at the end of 2025, ARENA MILANO will complement the portfolio, as will a new arena in Vienna for which CTS EVENTIM won the tender in November 2024. The tender comprises construction and subsequent operation of the arena. The Live Entertainment segment recorded revenue of EUR 1.971 billion (+17.6%) in 2024, with adjusted EBITDA of EUR 125.6 million (+24.4%). This meant that the adjusted EBITDA margin was increased by just under half a percentage point despite persistent upward pressure on the cost of infrastructure, personnel and fees. Dividend again at record level In view of the strong business performance, the CTS EVENTIM Executive Board and Supervisory Board’s proposal to the Annual Shareholders’ Meeting on 21 May will be to distribute EUR 159.3 million in dividends to shareholders. This sum, a new record in the Company’s history, equates once again to 50% of net income or EUR 1.66 per share (previous year: EUR 1.43 per share). Outlook Against a backdrop of stable macroeconomic conditions, CTS EVENTIM is anticipating a moderate rise in both total revenue and adjusted EBITDA in 2025. All other information on the reporting period can be found in CTS EVENTIM’s latest annual report, which will be available at corporate.eventim.de/en along with the non-financial group report upon publication of this press release.
Investor Relations: webcasts and presentations https://corporate.eventim.de/en/investor-relations/webcasts-presentations
ABOUT CTS EVENTIM CTS EVENTIM is a leading international ticketing and live entertainment company. Over 300 million tickets per year are marketed using the Company’s systems – through online/mobile portals and physical box offices. According to Pollstar’s global rankings for 2023, the Group is the second-biggest promoter in the world. In addition, CTS EVENTIM operates some of Europe’s most renowned venues. CTS Eventim AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is a member of the MDAX segment. In 2024, the Group generated revenue of EUR 2.8 billion across more than 25 countries.
CORPORATE COMMUNICATIONS Christian Colmorgen
INVESTOR RELATIONS Marco Haeckermann
Additional features: File: 250327 CTS EVENTIM - FIGURES 2024
27.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | CTS Eventim AG & Co. KGaA |
| Rablstr. 26 | |
| 81669 München | |
| Germany | |
| Phone: | 0421/ 3666-0 |
| Fax: | 0421/ 3666-290 |
| E-mail: | info@eventim.de |
| Internet: | www.eventim.de |
| ISIN: | DE0005470306 |
| WKN: | 547030 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2107180 |
| End of News | EQS News Service |
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2107180 27.03.2025 CET/CEST
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