CTS Eventim Reports Q3 Profit Dip as Live Entertainment Revenue Declines
CTS Eventim Q3 2023 Financial Performance Overview
Nov 12 (Reuters) – German ticketing firm CTS Eventim reported a 2.6% fall in third-quarter adjusted earnings before interest, taxes, depreciation and amortisation on Thursday, as fewer major tours than a year earlier weighed on its live entertainment business.
Adjusted EBITDA Results
Adjusted EBITDA fell to 133.8 million euros ($143.5 million) in the July-September period, from 137.3 million euros a year earlier.
Revenue Breakdown
Group Revenue
• Group revenue fell 5.3% year-on-year to 809.1 million euros
Live Entertainment Segment
• Revenue in the live entertainment segment fell 11.7% to 585.6 million euros, as the business faced a tough comparison with a year earlier, when major international tours, including those by Ed Sheeran and AC/DC, boosted sales
Ticketing Segment
• Ticketing revenue rose 11.5% to 235.4 million euros in the quarter as retail ticket sales continued to increase
Outlook and Expectations
2026 Outlook
• CTS Eventim maintained its 2026 outlook and said there were no significant changes to its business expectations
Reporting and Editorial Credits
(Reporting by Aleksandra Kret; Editing by Tasim Zahid)
