CTS Eventim has reported significant growth in Q3 2024, with total revenue reaching €2.03 billion for the first nine months of the year, marking a 15.8% increase from 2023.

Key Financial Highlights:

• Q3 2024 revenue: €825 million (13.1% YoY increase)
• Ticketing revenue: €564.6 million (22.9% YoY increase)
• Live events revenue: €1.49 billion (13.6% YoY increase)
• Ticketing adjusted EBITDA: €240.7 million (18.4% YoY increase)

Growth Drivers:

• Strong ticket sales from major artists (Ed Sheeran, Iron Maiden, Gilberto Gil, Vasco Rossi)
• Acquisition and integration of See Tickets from Vivendi
• Upcoming consolidation of France Billet in December
• Exceptionally strong 2025 ticket sales for Rock am Ring and Rock im Par

Business Expansion:

• Milan arena construction progressing as planned
• New large-scale arena development in Vienna
• Integration of recently acquired festivals from Vivendi

Challenges:

• Live events adjusted EBITDA decreased 3% due to high cost pressures
• Integration expenses from acquired festivals

CEO Klaus-Peter Schulenberg emphasized the company's stable growth despite volatile market conditions, crediting their expansion strategy and portfolio diversification for long-term success.

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