“Good cashflow and support” despite difficult Eventim Q1
CTS Eventim saw its turnover fall by 35% and earnings even further, from €57.1m to €13.5m, in a difficult start to 2020
News By IQ | 20 May 2020
The ongoing impact of the Covid-19 pandemic contributed to a 35% drop in revenue for CTS Eventim, from €283 million to €185m year on year, in the first financial quarter of 2020, reveal the company’s Q1 fiscal results, released today (20 May).
The release of Eventim’s latest financials – which follows news of similarly grim first quarters for other public live companies such as Live Nation and MSG Entertainment – also show the German live entertainment powerhouse saw a 76% fall in earnings…
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