CTS Eventim (EVD) Q1 2026 earnings summary

Executive summary

• Group revenue for Q1 2026 reached €630 million, up 23% year-over-year, reflecting robust growth.

• Adjusted EBITDA increased by 18.5% to €119 million, with EBIT up 23.7%, driven by operational leverage.

• EPS rose to €0.66, an increase of €0.18 compared to Q1 2025, and net result attributable to shareholders grew 38.2% to €63.7 million.

• The business remains on a steady growth trajectory, with both Live Entertainment and Ticketing segments contributing.

• The new Unipol Dome in Milan contributed positively, hosting major Olympic events.

Financial highlights

• Adjusted EBITDA margin was 19.4%, slightly lower than 21% in Q1 2025 due to segment mix.

• Retail ticket volume was 39 million, slightly down from 40 million in Q1 2025, mainly due to a structural change in a partner contract.

• GTV grew by 3.3% on a last 12-month basis.

• Positive financial result of €9 million, up €13 million year-over-year, mainly from favorable exchange rates.

• Cash and cash equivalents decreased by €266 million since year-end 2025, mainly due to settlement of ticket monies.

Outlook and guidance

• Guidance remains unchanged despite a strong Q1, as Q1 is the least relevant quarter for full-year results.

• Management remains positive for the remainder of 2026 and will revisit guidance in August.

• Strong pipeline and continued tailwinds expected for European touring and Live Entertainment.