CTS Eventim (EVD) Q2 2025 earnings summary

Executive summary

• Achieved record revenue of just under €1.3 billion in H1 2025, up 7.6% year-on-year, driven by strong Ticketing growth and stable Live Entertainment performance despite integration costs and cost pressures.

• Adjusted EBITDA was €200.5 million, nearly flat year-on-year, with margin at 15.5% due to cost pressures and integration expenses.

• Net income attributable to shareholders fell 28.4% to €89.7 million, mainly due to a sharp drop in financial result and higher costs.

• Integration of See Tickets and France Billet is ongoing, with expected future synergy benefits.

Financial highlights

• Revenue rose to €1,294.2 million from €1,202.3 million year-over-year, up almost 8%.

• Adjusted EBITDA at €200.5 million (margin 15.5%), flat year-on-year; EBIT at €151.4 million.

• Net result for shareholders was €89.7 million, down from €125.2 million; EPS at €0.93 vs. €1.30.

• Retail ticket sales rose 36.7% to 78.9 million; international ticket sales up 56% to €54 million.

• 12-month rolling GDV increased 5.4% quarter-on-quarter to €8.7 billion.

Outlook and guidance

• Group and Ticketing segment guidance for 2025 confirmed, with expected EBITDA growth at the lower end of the 5%-15% range.

• Cautious outlook for Live Entertainment profitability for the remainder of the year.

• Seasonality expected to favor stronger results in Q3 and Q4, especially in Ticketing.