By Introduction
CTS Eventim, the leading German ticketing live-entertainment company, has exceeded its own expectations with impressive revenue and earnings growth across all business segments in 2023.
Revenue and Earnings Growth
According to preliminary figures released on Wednesday, CTS Eventim achieved a remarkable 23% increase in revenue, reaching 2.36 billion euros ($2.54 billion) compared to the previous year. Simultaneously, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) experienced an even more substantial surge of 32%, totaling EUR501.4 million.
Record Revenue Levels
Driven by the outstanding performance of both the ticketing segment and the live entertainment segment, CTS Eventim proudly announced that its revenue for the year has reached an all-time high.
Ticketing Segment
The ticketing segment alone generated an impressive revenue of EUR717 million, significantly surpassing the previous year’s figure of EUR541 million.
Live Entertainment Segment
Similarly, the live entertainment segment experienced substantial growth, with revenue climbing to EUR1.68 billion from EUR1.41 billion.
Future Outlook
CTS Eventim is set to publish its full results on March 26th, providing further insights into its exceptional financial performance throughout the year.
Conclusion
With this remarkable expansion across all business segments, CTS Eventim solidifies its position as a leading player in the ticketing live-entertainment industry.
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