EQS-News

CTS EVENTIM continues to grow and posts record results for 2022

EQS-News: CTS Eventim AG & Co. KGaA / Key word(s): Annual Results CTS EVENTIM continues to grow and posts record results for 2022 23.03.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release  CTS EVENTIM continues to grow and posts record results for 2022

• Consolidated revenue rises to nearly EUR 2 billion
• Strong growth in the two segments Ticketing and Live Entertainment
• The Group’s normalised EBITDA jumps by 85% to EUR 384 million
• CEO Klaus-Peter Schulenberg: “Exceptional growth in the core domestic and international markets”

Munich, 23 March 2023. CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, has posted record results for 2022.

Its consolidated revenue came to EUR 1.926 billion in 2022, an increase of 372% compared with the previous year (EUR 408 million) and up by 33% on the previous record year of 2019 prior to the COVID-19 pandemic. This new all-time high of nearly two billion euros is attributable to strong growth in both the Ticketing and the Live Entertainment segment.

Klaus-Peter Schulenberg, CEO of CTS EVENTIM: “We are delighted by the exceptional growth generated by our two main segments in their core domestic and international markets. Our Group earnings reflect the sustained and fast-growing trend that is seeing people everywhere wanting to attend live events again. The fact that we were able to significantly increase our revenue in 2022 was not a given at first because of the pandemic. Indeed, there are actually various developments that have contributed to this success, such as the growth of digital ticket sales, investment in systems-based innovations, and our global expansion strategy. We now expect to maintain this course of strong profitable growth and further improve our market position.”