Munich, 16 February 2023. On the basis of preliminary results, CTS EVENTIM AG & Co. KGaA delivered a strong business performance in 2022.
Consolidated revenue rose by 372% year on year, from EUR 408 million in 2021 to EUR 1.924 billion in 2022. This means that CTS EVENTIM’s revenue reached a new all-time high of almost EUR 2 billion, an improvement of 33% compared with the previous record figure from 2019, before the outbreak of the COVID-19 pandemic. Both the ticketing segment and the live entertainment segment contributed to this robust growth.
The Group’s normalised EBITDA amounted to EUR 384 million in 2022, following EUR 208 million in 2021 and EUR 287 million in 2019.
In the Ticketing segment, annual revenue came to EUR 541 million in 2022 (previous year: EUR 224 million), which was 12% higher than in 2019 (EUR 482 million). Normalised EBITDA totalled EUR 263 million for 2022 (previous year: EUR 177 million), a rise of 20% on 2019 (EUR 220 million).
In the Live Entertainment segment, revenue climbed to EUR 1,409 million in 2022 (previous year: EUR 191 million), a substantial jump of 43% compared with the figure from three years ago (EUR 986 million). Normalised EBITDA came to EUR 121 million in 2022 (previous year: EUR 31 million) and was thus almost twice as high as in 2019 (EUR 66 million).
The full annual report for 2022 will be published on 23 March 2023 and will be available at corporate.eventim.de/en from that date.
About CTS EVENTIM
CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. Before the outbreak of the coronavirus pandemic, around 250 million tickets per annum were marketed using the Company’s systems – be it through physical box offices, online, or from mobile terminals. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, and entradas.com. The EVENTIM Group also includes many concert, tour, and festival promoter companies for events like Rock am Ring, Rock im Park, Hurricane, Southside, and Lucca Summer. In addition, CTS EVENTIM operates some of Europe’s most renowned venues, for example the LANXESS Arena in Cologne, the K.B. Hallen in Copenhagen, the Waldbühne in Berlin, and the EVENTIM Apollo in London. CTS Eventim AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the MDAX segment. In 2021, against a backdrop of forced closures, cancellations, and restrictions on events as a result of the coronavirus pandemic, the Group generated revenue totalling €407.8 million in more than 20 countries. In 2019, the year before the outbreak of the pandemic, revenue was in excess of €1.4 billion.