(Reuters) – CTS Eventim on Tuesday said its 2024 revenue grew by 19% according to preliminary figures, driven by both its ticketing and live entertainment segments.
The German ticketing group’s revenue came in at 2.81 billion euros ($2.94 billion), up from 2.36 billion in the previous year, it said in a statement.
The group’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 21.9% to 542 million euros, it added.
CTS Eventim shares were seen up 2.5% in Lang & Schwarz indications ahead of the 0800 GMT market open.
Sales from its ticketing segment rose 22.7% to 880 million euros in 2024, while revenue at its live entertainment segment grew by 17.6% to 1.97 billion euros, boosted by a very strong fourth quarter, the company said.
($1 = 0.9564 euros)
(Reporting by Elizaveta Gladun; Editing by Ludwig Burger)
