CTS Eventim shares up 60% in 2019
Eventim revenue exceeded €1bn for the first time in a nine month period, as live entertainment growth “exceeded expectations” and online sales “significantly improved"
News By | 21 November 2019
![Foto: @[100890010083913:Frank Embacher Photographie]](https://www.iqmagazine.com/wp-content/uploads/2019/11/o_0_the-world-of-hans-zimmer_credit_frank-embacherjpg_1567095295.jpg)
German entertainment behemoth CTS Eventim has enjoyed a profitable 2019 so far, with the creation of promoter network Eventim Live and expansion of online ticket sales driving “significant growth” in live entertainment and ticketing respectively.
The company’s share price has risen by 61.5% since January, climbing from €33.8 to to €54.6, following a “successful” first half of the year and strong third quarter results. Earlier this month, Eventim traded at an all-time high of €55.5.
At the time of writing, the company’s market capitalisation…
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