An aerial shot of Berlin’s Waldbühne, which CTS Eventim operates. Photo Credit: Arne Müseler
After reporting all-time-high revenue for 2024’s first nine months, CTS Eventim has confirmed record full-year financials.
The Bremen-based events giant just recently released its earnings report for 2024, when revenue spiked 19.1% YoY to $3.04 billion (€2.81 billion). Among other things – and following a number of acquisitions – that’s nearly double pre-pandemic 2019’s $1.56 billion (€1.44 billion).
By market, Germany kicked in about 46.5% of the 2024 sum, with the $1.41 billion (€1.30 billion) or so at hand reflecting a roughly 20% YoY increase.
Meanwhile, the Eventim Apollo co-operator reported significant 2024 revenue gains in the UK (up 191% YoY to $84.11 million/€77.68 million) and Spain (up 78% YoY to $71.78 million/€66.29 million).
Shifting to ticketing, the Punto Ticket and See Tickets parent identified $952.74 million/€879.94 million in revenue (up 22.7% YoY), north of 80% of which came from fees.
And on the volume front, excluding See’s ticket sales, the France Billet majority stakeholder pointed to 103.4 million live-entertainment passes moved online during 2024. Up almost 25% YoY, the total is attributable in large part to “presales for future concerts held by international top artists.”
Next, the business’s core live-event operations contributed the lion’s share of annual revenue at $2.13 billion/€1.97 billion (up 17.6% YoY), the report shows.
On the adjusted EBITDA side, the company pointed to $587.03 million/€542.17 million for 2024, for a close to 22% YoY improvement.
“We have ensured that – in addition to our technologies – our processes and business models are becoming great exports,” CTS Eventim CEO Klaus-Peter Schulenberg added. “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.”
Elsewhere in its 230-page performance breakdown, CTS Eventim shed light on the prices paid to acquire various European events companies last year.
The figures are noteworthy against the backdrop of well-documented commercial woes for festivals and certain tours. Moreover, partially due to the live-entertainment peak’s concentrated nature, opportunities to pull back the purchase-price curtain are relatively rare.
One of CTS Eventim’s many subsidiaries acquired 60% of Swiss music festival Stars in Town for $1.85 million (€1.71 million), the document indicates.
And Netherlands-based concert organizer Rock ‘n Roots Concerts set CTS Eventim back $270,683 (€250,000), compared to $1.04 million (€964,000) for a 70% piece of Swedish immersive-experience company Nordic Exhibitions, the report shows.
Now with approximately 5,200 employees, over 200 of whom are based in the States, CTS Eventim is anticipating “a moderate rise in both total revenue and adjusted EBITDA” for 2025.
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