EQS-News

CTS EVENTIM continues on its growth course in the first quarter of 2024

EQS-News: CTS Eventim AG & Co. KGaA / Key word(s): Quarterly / Interim Statement/Quarter Results CTS EVENTIM continues on its growth course in the first quarter of 2024 (news with additional features) 23.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. CTS EVENTIM continues on its growth course in the first quarter of 2024

• Consolidated revenue (up by 11.6%) and adjusted EBITDA (up by 36.3%) reflect the fast pace of growth once again in 2024, underpinning the expansionary trend.
• CEO Klaus-Peter Schulenberg: “CTS EVENTIM achieved sustained dynamic growth in its operating business in Q1, and had remarkable success in winning a number of substantial tenders for major sporting events.”

Munich, 23 May 2024 – CTS EVENTIM, Europe’s leading provider of ticketing services and live entertainment, ranked number two in the world, put in a superb start to the year. Even in the first quarter, when less revenue tends to be generated across the industry as a whole, Eventim’s revenue and earnings grew considerably.

Besides the good operating profit, a number of steps were taken in the first quarter to ensure future business success. CTS EVENTIM concluded ticketing agreements for several international handball tournaments over the next few years and, together with the AXS Group as its local partner, was appointed the official ticketing service provider for the Summer Olympics and Paralympics in Los Angeles in 2028.

Group

Consolidated revenue for the first three months of 2024 came to EUR 408.7 million, an 11.6% increase compared with the prior-year period. Adjusted EBITDA rose three times as rapidly over the same period, increasing by 36.3% to EUR 92.2 million. The adjusted EBITDA margin was 22.6%.

Punto Ticket (Chile) and Teleticket (Peru) – the market leaders in their respective markets – were consolidated for a full quarter for the first time after having been acquired in the prior year.

The successful ticketing and live entertainment company See Tickets, which operates in Europe and the US and whose sale by Vivendi to CTS EVENTIM was agreed in April, is not yet included in the quarterly figures.