CTS Eventim (EVD) Q2 2026 earnings summary

Executive summary

• Group revenue for H1 2026 reached €1.513 billion, up 16.9% year-over-year, with strong contributions from both Ticketing and Live Entertainment segments, notably in Germany, Italy, and the USA.

• Adjusted EBITDA increased by 12.4% to €225.4 million, and EBIT rose by 15.3% to €174.6 million, reflecting operational leverage and business model strength.

• EPS grew 34% to €1.25, mainly benefiting from FX effects and improved financial results; net result attributable to shareholders rose 34.2% to €120.4 million.

• Operational Excellence programme launched, incurring temporary costs in 2026 but expected to drive efficiency and scalability from 2027 onward.

• Internationalization advanced, with 70% of retail ticket volume now generated outside Germany.

Financial highlights

• Adjusted EBITDA margin was 14.9%, slightly down from 15.5% year-over-year.

• Financial result improved significantly to €20.0 million, mainly due to positive FX effects.

• Cash and cash equivalents decreased by €191.5 million since year-end 2025, mainly due to dividend payments and advances for future events.

• Dividend of €138.2 million distributed in Q2 2026.

• EPS: €1.25 (+€0.32 vs. H1 2025), up 34%.

Outlook and guidance

• Guidance for full year maintained, with a positive but conservative outlook due to geopolitical uncertainties; no significant changes to the outlook compared to the 2025 Annual Report.

• Operational Excellence programme costs to continue through 2026, with efficiency gains expected from 2027.

• Capital Markets Day scheduled for November 20, 2026, in Milan, with further updates expected.