CTS Eventim revenues hit €1.75bn for year-to-date
Tours by Taylor Swift, Paul McCartney and Coldplay have lifted the German-headquartered pan-European giant to new heights in 2023 so far
News By James Hanley | 16 November 2023
Tours by superstars including Taylor Swift, Paul McCartney and Coldplay helped drive CTS Eventim to strong growth in the first nine months of 2023.
The Munich-headquartered pan-European giant’s latest financial results showed revenues of €729.3 million for Q3 2023 – up 5% year-on-year – and €1.75 billion for the year to date, which marks 23% increase on the same period last year.
The group’s normalised EBITDA advanced to €172.5m for the quarter (up 29%) and €343.3m for January to September 2023 (up 34%), with “prudent cost management…