CTS Eventim's 9-month revenue crosses 2 bln euros for the first time

CTS Eventim AG & Co KGaA

21/11/2024 07:24

Nov 21 (Reuters) - CTS Eventim  EVDG.DE  on Thursday
said its revenue surpassed 2 billion euros ($2.1 billion) for
the first time in a nine-month period this year, driven by its
diverse ticketing portfolio and expansion both organically and
through acquisitions.
    Sales of its ticketing segment rose 22.9% to 564.6 million
euros between January and September, notably boosted by presales
for tours by artists like Ed Sheeran and Iron Maiden.
    The German ticketing group's adjusted earnings before
interest, taxes, depreciation and amortisation (EBITDA) rose
12.1% to 322.7 million euros in the nine-month period. 
($1 = 0.9488 euros)

 (Reporting by Elizaveta Gladun and Anastasiia Kozlova in
Gdansk; editing by Milla Nissi)
 ((elizaveta.gladun@thomsonreuters.com,
Anastasiia.Kozlova@thomsonreuters.com))