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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 2.32 bln


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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