CTS Eventim's H1 earnings rise on strong live entertainment demand
CTS Eventim's H1 earnings rise on strong live entertainment demand Aug 20 (Reuters) - German ticketing firm CTS Eventim EVDG.DE on Thursday said its adjusted core profit grew by 12.4% in the first half of 2026, driven by robust demand for live events.
The company's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at €225.4 million ($263.24 million), up from €200.5 million the same period last year.
Adjusted EBITDA in the Live Entertainment unit rose 57.1% to €52.9 million, driven by a strong lineup of international tours, concerts and festivals, particularly in Germany, Italy and the United States
The group revenue came in at €1.5 billion, up 16.9% year-over-year
CTS confirmed its 2026 guidance said it is optimistic about business in the remaining months of the year
The company has handled ticket presales for major global tours by artists such as Taylor Swift, Ed Sheeran and Iron Maiden.
($1 = 0.8562 euros)
(Reporting by Anastasiia Kozlova; Editing by Matt Scuffham)
((Anastasiia.Kozlova@thomsonreuters.com))
Recent news on CTS Eventim AG & Co KGaA
See all newsCiti starts CTS Eventim on 'neutral' on limited near-term upside
Europe Research Roundup: CTS Eventim, Pantheon International, Standard Chartered
Brief: Ananym Capital Takes Stake In CTS Eventim
US investor Ananym builds stake in Europe's top ticket seller CTS Eventim, urges changes
CTS Eventim drops on CFO leave