CTS Eventim reports strong Q3 results
Ticket sales gathered pace in second half of 2021 thanks to presales for tours by the likes of Ed Sheeran, Genesis and Coldplay
News By James Hanley | 18 November 2021
Live entertainment giant CTS Eventim has posted “encouraging” financial results for Q3 2021, powered by improved ticket sales. The Munich-based pan-European promoter and ticketing company saw consolidated revenue rise by 279.2% to €114.7 million, compared with €30.2m in the same period last year.
Revenue for 2021 to date fell 21.3% year-on-year to €180m, since Q1 2020 was barely affected by the pandemic.
Revenue from the company’s live entertainment segment soared by 351.2% to €55.7m in the third quarter of 2021 (up from €12.4m in the equivalent…
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