{"id":2991,"date":"2022-11-17T07:34:50","date_gmt":"2022-11-17T15:34:50","guid":{"rendered":"https:\/\/blog.goticketly.com\/index.php\/2022\/11\/17\/cts-eventim-predicts-record-year\/"},"modified":"2022-11-17T07:34:50","modified_gmt":"2022-11-17T15:34:50","slug":"cts-eventim-predicts-record-year","status":"publish","type":"post","link":"https:\/\/blog.goticketly.com\/index.php\/2022\/11\/17\/cts-eventim-predicts-record-year\/","title":{"rendered":"CTS Eventim predicts record year\u00a0"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"primary\">\n<p class=\"standfirst\">CTS Eventim has said it is expecting a record year, following the release of its full third quarter financial results.\u00a0<\/p>\n<p>The ticketing services and live entertainment company\u2019s third quarter has once again improved on a pre-COVID third quarter in 2019. This adds to Eventim\u2019s 2019-beating second quarter earlier this year.<\/p>\n<p>Eventim revealed earlier <a href=\"https:\/\/www.theticketingbusiness.com\/2022\/11\/09\/cts-eventim-records-strong-performance-in-q3\/\" target=\"_blank\" rel=\"noopener\">this month<\/a> that revenue increased to \u20ac694m (\u00a3608m\/$716m) for the third quarter, compared to \u20ac115m in Q3 in 2021 and \u20ac378m in the third quarter of 2019.<\/p>\n<p>Based on the first nine months of 2022, despite a weaker first quarter of the year due to pandemic-related reasons, the company\u2019s Management Board expects consolidated revenue of at least \u20ac1.7bn and a normalised EBITDA of at least \u20ac330m for the whole year.<\/p>\n<p>Klaus Peter Schulenberg, chief executive of CTS Eventim, said: \u201cThese excellent results are testimony to the fact that our strategic initiatives are taking us from strength to strength following the post-pandemic restart of live entertainment.<\/p>\n<p>\u201cEven in the face of new uncertainties caused by the high level of inflation and geopolitical factors, we will maintain this proven course in order to continue to drive our profitable growth, both at home and abroad.\u201d<\/p>\n<p>Group revenue improved to \u20ac1.4bn for the first nine months of 2022 compared to \u20ac180m in the same period the year prior. This figure is also higher than the same period in 2019, which equated to \u20ac1.08bn.<\/p>\n<p>The group\u2019s normalised EBITDA amounted to \u20ac268m in the first nine months of 2022, compared to \u20ac105m in 2021 and \u20ac177m in the first nine months of 2019. This was boosted by Q3\u2019s normalised EBITDA of \u20ac139m this year, compared to \u20ac26m in the same period last year and \u20ac65m in the third quarter of 2019.<\/p>\n<p>In the ticketing sector, revenue rose to \u20ac339m in the first nine months of 2022, compared to the previous year\u2019s \u20ac111m. In the first nine months of 2022, Eventim sold 45.1 million tickets.<\/p>\n<p>In the live entertainment segment, revenue amounted to \u20ac1.1bn in the first nine months of 2022, compared to \u20ac74m during the same period last year. This is also substantially higher than the first nine months of 2019.<\/p>\n<p>\t\t\t\t\t\t\t<!-- \n\n<div class=\"tax-cat-tags\">\n\t\t\t\t\t\t\t\t\n\n<div class=\"col-sm-6 tax-cat\">\n\t\t\t\t\t\t\t\t\t\n\n<p class=\"\">Filed under<\/p>\n\n\n\n\t\t\t\t\t\t\t\t\t<button class=\"btn\" >Awards<\/button>|<button class=\"btn\" >Ticketing<\/button>\n\n\t\t\t\t\t\t\t\t<\/div>\n\n\n\n\t\t\t\t\t\t\t\t\n\n<div class=\"col-sm-6 tax-tags\">\n\t\t\t\t\t\t\t\t\t\n\n<p class=\"\">Tags<\/p>\n\n\n\t\t\t\t\t\t\t\t\t<button class=\"btn\" >Ticketing<\/button>|<button class=\"btn\" >Stadiums<\/button>\n\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\n --><\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.theticketingbusiness.com\/2022\/11\/17\/cts-eventim-predicts-record-year\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] CTS Eventim has said it is expecting a record year, following the release of its full third quarter financial results.\u00a0 The ticketing services and live entertainment company\u2019s third quarter has once again improved on a pre-COVID third quarter in 2019. This adds to Eventim\u2019s 2019-beating second quarter earlier this year. Eventim revealed earlier this &hellip; <\/p>\n","protected":false},"author":1,"featured_media":2992,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[374,144,364,8],"tags":[],"class_list":["post-2991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cts-eventim","category-finance","category-live-music","category-ticketing"],"_links":{"self":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/posts\/2991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/comments?post=2991"}],"version-history":[{"count":0,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/posts\/2991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/media\/2992"}],"wp:attachment":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/media?parent=2991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/categories?post=2991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/tags?post=2991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}