CTS Eventim AG & Co. KGaA : Demand for live events remains strong, raising estimates
>Strong Q2 2023 results, both segments contribute - Late August, CTS Eventim reported strong results for Q2 2023. Sales rose 10% y-o-y to € 655m despite already quite tough comparatives. This was materially above expectations, with both segments contributing. Ticketing sales increased 9% to € 136m thanks to Germany, Italy and Austria and the Live Entertainment business rose 11% to € 527m. This includes in part the € 50m which was generated in the US in H1 2023 (compan...CTS Eventim is a promoter of live music events in the market of live entertainment in Continental Europe. Co. operates in two segments: Ticketing, which is engaged in producing, selling, brokering, distributing and marketing tickets for concert, theatre, art, sports and other events in Germany and abroad, using data processing and data transmission technologies; and Live Entertainment, which is engaged in planning, preparing and executing tours and events, primarily music events and concerts, and marketing music productions. In its Live Entertainment segment, Co. operates in the German-speaking countries and also, through its Hammersmith Apollo Ltd. joint venture in Great Britain.
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