Touring power players enjoy stock market surge
CTS Eventim's share price has reached an all-time high this week, while Live Nation's is up 27% on six months ago
News By James Hanley | 20 March 2024
Live music powerhouses have recorded big six-month gains on the stock market, with CTS Eventim sailing to its highest ever share price.
Shares in the German pan-European ticketing and live entertainment giant reached an all-time high of €77.90 yesterday (19 March) – representing a 13% upswing in the last month and a huge 40% rise on six months ago.
In its latest financial results, published last month, the company reported it had “significantly exceeded” its 2023 forecast thanks to a “very strong” Q4. It enjoyed a record year, attaining consolidated revenue of €2.359 billion – a 22.5% increase on the previous year’s €1.926bn.
“The CTS Eventim share has been in a long-term upward trend since January 24, 2024 and has gained +28.96% in value during this period,” reports Boerse.
Live Nation is also on a significant…
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