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

AEG Europe makes new appointments

December 4, 2018
EUROPE        AEG Europe has confirmed a trio of appointments, including a newly-created role of vice-president of programming across its European portfolio of…
Read more

Banks are still monitoring Ticketmaster hack impact

December 4, 2018
UNITED KINGDOM         Banks are continuing to monitor customer accounts for the potential fraud attempts, following the security breach at Ticketmaster (TM)…
Read more