CTS Eventim Reports Double-Digit Revenue Growth In Q2

CTS Eventim founder & CEO Klaus-Peter Schulenberg

MUNICH, Germany (CelebrityAccess) — CTS Eventim introduced stable progress within the firm’s second fiscal quarter for 2024 with income increasing by 21.2% and adjusted EBITDA up by 23.3% year-over-year.

Income in Eventim’s ticketing section expanded by 28.5% within the second quarter to 175.2 million EUR. Adjusted EBITDA went up by 35.1% to succeed in EUR 73.4 million in the identical interval.

Income Eventim’s Dwell Leisure section grew by 19.7% within the second quarter to EUR 631.1 million. Adjusted EBITDA rose by 5.0% to EUR 36.6 million in the identical interval.

For the total half-year, consolidated income topped EUR 1.202 billion and the corporate reported adjusted EBITDA of EUR 202.2 million (+28.9%.)

For the primary six months, income for the Dwell Leisure section got here to EUR 865.6 million (+15.2%) and adjusted EBITDA got here to EUR 45.6 million (+26.9%).

Half-year outcomes for CTS Eventim’s ticketing section noticed income of EUR 358.0 million (+25.8%) and adjusted EBITDA got here to EUR 156.6 million (+29.5%).

In line with Eventim, outcomes had been pushed by a sturdy touring enterprise that included concert events by Bruce Springsteen in Spain, and Ultimo, Pinguini Tattici Nucleari and Max Pezzali in Italy.

Moreover, outcomes had been buoyed by ticketing the Olympic and Paralympic Video games Paris 2024 together with a slate of profitable festivals corresponding to Rock am Ring, Rock im Park, Hurricane, Southside and Nova Rock.