ESNS 2018 Super Leaderboard
LN Source SL
Ticketmaster ILMC 30 SL
EPS 2018

The latest industry news to your inbox.


Would you be interested in hearing about marketing opportunities?


Ticketing grows again but Eventim yet to match 2015

Despite healthy growth in online ticketing and new ventures in Sweden and LatAm, the German promoter and ticket agency has yet to catch up with its record-breaking 2015

By IQ on 25 Nov 2016

The Cure, Eventim Apollo, 2014, Olivier Bourgi

The Cure at the Eventim (formerly Hammersmith) Apollo in London in 2014

image © Olivier Bourgi

CTS Eventim grew revenue from ticket sales 11.6% in the first nine months of 2016, driven primarily by growth in online ticketing, its third-quarter (Q3) results reveal.

Continuing the strong performance seen in quarters one and two, ticketing turnover increased to €240.3 million, up from €215.3m in the same period in 2015, with the “main reason” being an “increase in internet ticket volume”, says a letter to investors.

Despite steady growth in ticketing, a slump in the German ticket agency/promoter’s live entertainment division means it is still lagging behind last year, although not to the same extent as in previous quarters: Overall group revenue now stands at €576.2m, compared to €577.5m in Q3 2015.

“The CTS group still expects a solid performance for the 2016 financial year”

Live entertainment turnover declined to €340.3m from €366.4m. However, Eventim notes it previously predicted a 30% contraction this year due to a “lower number of major tours” than in 2015, and earnings are therefore “above the originally expected trend”.

Revenues were also hit by “ongoing business integration and the expansion into South America“, although the latter, along with a similar new venture in Scandinavia, were also cited as increasing the volume of tickets sold.

“Corporate management of the CTS group still expects a solid performance for the financial year 2016,” the company writes. “Thanks to continuous expansion of the product and service portfolio, ongoing internationalisation and the systematic implementation of the e-commerce strategy, corporate management believes that the CTS Group is excellently positioned to turn opportunities that arise into profitable medium- and long-term growth.”


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

More news

OLG upholds ban on self-printed ticket fees CTS Eventim intends to take its case to the supreme court after a second court, Bremen's OLG, ruled against it on the issue of processing fees on...print-at-home tickets
Industry pays tribute to Manchester bomb victims Live Nation, CTS Eventim, the NAA and several venues are among those to have paid their respects to all those who lost their lives at Manchester Arena...yesterday
CTS majority shareholder cuts stake CEO Klaus-Peter Schulenberg has reduced his stake in CTS Eventim by 7%, potentially freeing up €242m that could be put towards new ventures
CTS cements concert focus with Four Artists buy CTS Eventim has acquired a majority stake in Alex Richter's promotion/booking outfit, broadening its live offering – and potentially reducing on ticketing
Online ticket sales key to 2016 CTS growth CTS Eventim plans to pay out €94.1m in dividends this year – more than double the previous 12 months' figure – following sustained growth in...ticketing, especially online