CTS Eventim posts lower quarterly earnings as revenue declines
Nov 12 (Reuters) - German ticketing firm CTS Eventim EVDG.DE on Thursday reported a 2.6% drop in third-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), as revenue fell 5.3%, hurt by a difficult comparison with a strong prior-year period that included major international tours.
Adjusted EBITDA fell to 133.8 million euros ($143.5 million) in the July-September period, while revenue declined to 809.1 million euros. The company maintained its full-year outlook.