For the international contemporary live music industry

CTS predicts record year

World News
December 4, 2018


Pn-Europe ticketing and promoting giant CTS Eventim has reported a “significant increase in revenue and earnings” during the first nine months of the year.

The company says the growth was in both its ticketing and live entertainment divisions, with group revenue up 23.9 per cent year-on-year to €922.5 million ($1.1 billion).

Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITA) were up 17.1 per cent to €140m ($159m).

CEO Klaus-Peter Schulenberg says he expects further growth in both revenue and earnings for the final quarter of 2018, in part due to presale forecasts.

“The fact that we have ramped up our dynamic growth in recent months shows that we can be confident about the fourth quarter,” he says.“We are on course for another record year.”

Other Stories

PledgeMusic in crisis

February 6, 2019
UNITED KINGDOM   After crowd-funding platform PledgeMusic admitted falling behind in in payments to projects undertaken by artistes, the Musicians’ Union has advised members to…
Read more

Elvis may have left the building, but …

February 6, 2019
UNITED STATES                           Live Nation Entertainment (LNE) and Elvis Presley Enterprises (EPE) are…
Read more