FX.co ★ CTS Eventim Q1 Operating Profit Rises; Consolidated Revenue Up 11.6%

CTS Eventim (CEVMF.PK) has announced that its adjusted EBITDA for the first quarter has tripled compared to the previous year, with an increase of 36.3%, reaching 92.2 million euros. The company reported consolidated revenue of 408.7 million euros for the initial three months of 2024, marking an 11.6% rise from the same period last year.

In the Ticketing segment, revenue surged by 23.3% year-over-year to 182.8 million euros. Meanwhile, the Live Entertainment segment experienced a year-over-year revenue growth of 4.8%, totaling 234.4 million euros for the first quarter of 2024.