CTS Eventim reported a strong third quarter, showing growth in revenue and profitability despite a tough German market. The company earned €854.2 million in revenue and lifted adjusted EBITDA 13.8% to €137.3 million. Moreover, management said tighter cost control and early acquisition synergies helped drive the results.
Strategic Acquisitions Driving Growth
The firm pointed to its 2024 purchases as a key factor. In addition to buying See Tickets, CTS Eventim acquired Vivendi’s festival business, which includes Junction 2 in the UK and Garorock in France. Notably, those assets generated €137 million in revenue in 2023. CEO Klaus‑Peter Schulenberg said, “Our performance in the third quarter illustrates once again that we are not only growing but also creating long-term value.” He added that the company is modernizing technology and integrating the new businesses.
Division-level performance showed clear momentum. The live entertainment segment grew revenue 5.5% to €663.0 million, and adjusted EBITDA jumped 27.0% to €46.3 million. Consequently, the division’s margin rose to 7.0% from 5.8% a year earlier. Meanwhile, the ticketing division posted a 2.1% revenue increase to €211.0 million, and adjusted EBITDA climbed 8.1% to €91.0 million. As a result, ticketing margins improved to 43.1% from 40.7%. However, last year’s quarter benefited from one-off Olympic-related revenue tied to the 2024 Paris Games, so this year’s gains reflect stronger underlying operations.
Outlook & Takeaways
Looking ahead, CTS Eventim reiterated its full-year forecast for “moderate” growth in both revenue and adjusted EBITDA. Therefore, investors should watch how the company integrates its festival and ticketing acquisitions. In addition, continued technology upgrades and disciplined cost management will likely shape future margins. For industry observers, the story shows how targeted deals and operational focus can convert scale into profit.
In conclusion, CTS Eventim delivered a solid Q3 and reinforced its outlook. The company grew revenue, improved margins, and began to realize acquisition synergies. Consequently, successful integration and ongoing efficiency efforts will determine whether this momentum becomes sustainable.
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