CTS Eventim (EVD) Q4 2025 earnings summary

Executive summary

• Achieved record revenue exceeding €3 billion for the first time, with adjusted EBITDA of €584 million, reflecting strong operational execution and profitability in 2025.

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

• Major event successes included tours by Ed Sheeran, AC/DC, and Apache 207, and flagship festivals like Rock am Ring and Rock im Park with record attendance.

• Expanded international footprint through full-year consolidation of France Billet and See Tickets, strengthening regional presence.

• Strategic investments in technology, data, and AI to drive innovation, operational efficiency, and new revenue streams.

Financial highlights

• Group revenue grew 10% year-over-year to €3.1 billion; adjusted EBITDA rose 8% to €584 million; EBIT up 8% to €477 million.

• Fee-bearing retail ticket volume increased 21% to nearly 178 million tickets; gross transaction volume reached nearly €9 billion.

• Earnings per share declined 13% to €2.89, mainly due to FX effects from a strong euro.

• Q4 revenue was €931 million, with adjusted EBITDA up 12% year-over-year to €246 million, highlighting strong year-end demand.

• Adjusted EBITDA margin remained at 19%, consistent with previous years.

Outlook and guidance

• For 2026, ticketing KPIs expected at or slightly above 2025 levels; live entertainment to see moderate growth in adjusted EBITDA and EBIT, with revenues at prior year level.

• Group KPIs anticipated to be on or slightly higher than previous year.

• Guidance reflects a one-time structural income change from an expired long-term contract and cautious stance due to geopolitical uncertainties.

• Dividend policy targets 50% net income payout; proposed dividend per share of €1.44 for 2025.