GL Events (GLO) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue reached €468.1 million, up 8.9% year-over-year and 9.4% like-for-like, with international activity accounting for 51% of revenue.

• Strong international growth momentum, driven by major events such as the Milano Cortina 2026 Olympic and Paralympic Games and preparations for the Aichi-Nagoya Asian Games.

• Acquisition of S-Pass live entertainment venues and Salle Pleyel in Paris completed, expanding the cultural network in France.

Financial highlights

• Consolidated Q1 2026 revenue: €468.1 million, up from €430.0 million in Q1 2025.

• GL events Live division revenue grew 29% to €251.5 million; Venues up 10% to €122.8 million; Exhibitions down 24% to €93.7 million due to biennial effect.

• Like-for-like revenue growth was 9.4%.

Outlook and guidance

• 2026 targets confirmed: revenue growth of more than 8% like-for-like, higher operating income, and continued deleveraging.

• CAPEX program of approximately €80 million planned for 2026.

• Net debt expected to decline slightly, with improved financial ratios, excluding acquisitions under review.