Germany's CTS Eventim 9-month revenue rises on increased ticket sales

Overview

• Germany ticketing and live entertainment firm's 9-month revenue rose 8.1% yr/yr to EUR 2.32 bln

• Adjusted EBITDA for 9 months up 6.3% to EUR 359.1 mln

Outlook

• CTS Eventim is maintaining its 2026 forecast and remains optimistic about the year's outlook

Result Drivers

• TICKETING GROWTH - Revenue rose on change in price mix and increased ticket sales, though earnings were affected by Operational Excellence programme expenses

• LIVE ENTERTAINMENT EVENTS - Revenue growth attributed to well-attended, high-revenue events and inclusion of further entities

• TOUR TIMING IMPACT - The decline in Q3 Live Entertainment segment performance reflected timing of major tours and a strong prior-year comparison

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for CTS Eventim AG & Co KgaA is €88.00, about 43.1% above its November 11 closing price of €61.50

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Nov 12 - Germany's Sixt posts higher Q3 revenue, raises 2026 outlook

• Nov 12 - Germany's United Internet nine-month revenue rises, maintains 2026 outlook

• Nov 11 - Entertainment group Embracer Q2 sales rise on higher royalties

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)