CTS Eventim reports 19% revenue growth in 2024 (updated)

CTS Eventim AG & Co KGaA

18/02/2025 07:21

(Adds group's EBITDA in paragraph 3, share move in 4, details
on segments in 5)
       Feb 18 (Reuters) - CTS Eventim  EVDG.DE  on Tuesday said
its 2024 revenue grew by 19% according to preliminary figures,
driven by both its ticketing and live entertainment segments.
    The German ticketing group's revenue came in at 2.81 billion
euros ($2.94 billion), up from 2.36 billion in the previous
year, it said in a statement.
    The group's adjusted earnings before interest, tax,
depreciation and amortisation (EBITDA) rose by 21.9% to 542
million euros, it added.
        CTS Eventim shares were seen up 2.5% in Lang & Schwarz
indications ahead of the 0800 GMT market open.
  
    Sales from its ticketing segment rose 22.7% to 880 million
euros in 2024, while revenue at its live entertainment segment
grew by 17.6% to 1.97 billion euros, boosted by a very strong
fourth quarter, the company said.    
        
  
($1 = 0.9564 euros)

 (Reporting by Elizaveta Gladun
Editing by Ludwig Burger
)
 ((elizaveta.gladun@thomsonreuters.com))