CTS Eventim (EVD) Q4 2025 earnings summary

Executive summary

• Achieved record revenue exceeding EUR 3 billion for the first time, consolidating leadership in European live entertainment and ticketing.

• Adjusted EBITDA reached EUR 584 million, up 8% year-over-year, reflecting strong operational execution.

• Marketed over 1 million events in 30+ countries, with 7.6 billion digital touchpoints and 260 million user profiles.

• Major tours (Ed Sheeran, AC/DC, Apache 207) and flagship festivals (Rock am Ring, Rock im Park) drove record attendance and engagement.

• Expanded international footprint through acquisitions of France Billet and See Tickets.

Financial highlights

• Group revenue grew 10% year-over-year to EUR 3.1 billion.

• Adjusted EBITDA increased by 8% to EUR 584 million; EBIT also up 8% to EUR 477 million.

• Fee-bearing retail ticket volume rose 21% to nearly 178 million tickets.

• Gross transaction volume reached nearly EUR 9 billion.

• Earnings per share declined 13% to EUR 2.89, mainly due to FX effects.

• Q4 revenue was EUR 931 million, with adjusted EBITDA up 12% year-over-year to EUR 246 million.

Outlook and guidance

• 2026 guidance: ticketing KPIs expected at or slightly above 2025 levels; live entertainment to see moderate adjusted EBITDA and EBIT growth, with revenues flat.

• Group KPIs expected on or slightly higher than previous year.

• Guidance reflects a one-time structural income change from a long-term contract expiration.

• Management remains cautious due to geopolitical uncertainties and potential impacts on consumer spending.