CTS Eventim Sets New Revenue Record as Digital Ticket Sales Surpass 100 Million in 2024
CTS Eventim posted record financial results in 2024, with revenue increasing 19.1% year-over-year to €2.81 billion ($3.04 billion), nearly double its pre-pandemic performance in 2019.
Waldbühne outdoor amphitheater in Berlin
Key Performance Highlights:
- Germany generated 46.5% of total revenue (€1.30 billion)
- UK revenue up 191% to €77.68 million
- Spain revenue increased 78% to €66.29 million
- Online ticket sales reached 103.4 million (25% YoY increase)
- Ticketing revenue: €879.94 million (22.7% increase)
- Live events revenue: €1.97 billion (17.6% increase)
- Adjusted EBITDA: €542.17 million (22% increase)
Notable 2024 Acquisitions:
- Stars in Town (60% stake): €1.71 million
- Rock 'n Roots Concerts: €250,000
- Nordic Exhibitions (70% stake): €964,000
The company, now employing 5,200 people globally (200+ in the US), forecasts moderate revenue and EBITDA growth for 2025. CEO Klaus-Peter Schulenberg emphasized their focus on integrating acquisitions efficiently and expanding their international presence through strategic partnerships.
The successful performance is largely attributed to presales for major international artists' concerts and the company's expanding global footprint through strategic acquisitions.