International acquisitions drive CTS’ record year

CTS Eventim chief Klaus-Peter Schulenberg has hailed the company’s international acquisition strategy after confirming record earnings for 2024.

The German-headquartered ticketing and live entertainment giant reported consolidated revenue of €2.809 billion for the year – up 19.1% – alongside adjusted EBITDA of €542.2 million, a 21.9% increase.

Its ticketing segment jumped 22.7% to €879.9m, with adjusted EBITDA ascending 21.1% to €416.5m, boosted by the additions of See Tickets and France Billet, plus Chile’s Punto Ticket and Peru’s Teleticket, to its portfolio over the 12-month period.

“Besides the consolidation of revenue and earnings, these acquisitions will give rise to further positive synergies in future,” says the firm, whose live entertainment strand posted revenue of €1.971bn (+17.6%) in 2024, with adjusted EBITDA of €125.6m (+24.4%).

CTS attributes the success of the division to “the strong local content of national and international promoters”, as well as the “successful operation of several iconic European venues”.

Hit productions included Eventim Live’s Elf The Musical, Formula 1 and Harry Potter touring exhibitions and David Gilmour’s tour of Italy and the US.

“Rising demand, organic growth, ongoing synergies and a successful international acquisition policy are the pillars of our robust growth”

“Rising demand, organic growth, ongoing synergies and a successful international acquisition policy are the pillars of our robust growth,” says Schulenberg. “We have ensured that – in addition to our technologies – our processes and business models are becoming great exports. They are the basis on which we will integrate future acquisitions even more quickly, realise synergies even sooner and enhance our success and attractiveness as a partner for international acquisitions and equity investments.”

CTS’ Arena Milano project in Italy is due to be completed at the end of this year, and the firm was also awarded the contract to build and operate a planned new multipurpose arena in Vienna, Austria, last November.

“Against a backdrop of stable macroeconomic conditions, CTS Eventim is anticipating a moderate rise in both total revenue and adjusted EBITDA in 2025,” concludes the company.

In view of the results, the CTS board is planning a to distribute a record €159.3m in dividends – €1.66 per share to shareholders.

CTS’ share price was flat at just over €100 at press time, giving the firm a market cap of €9.63bn.

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