CTS EVENTIM, Europe's leading provider of ticketing services and live entertainment, reported continued profitable growth in the third quarter of 2025 despite challenging economic conditions in Germany. The company generated both revenue and earnings increases year on year, even though the third quarter of 2024 had been boosted by temporary factors including non-recurring revenue from events like the 2024 Olympic Games in Paris.
The Group's consolidated revenue increased by 3.5% year on year to EUR 854.2 million in the third quarter, while adjusted EBITDA rose at a more substantial rate of 13.8% to EUR 137.3 million. This performance pushed the adjusted EBITDA margin to 16.1%, up from 14.6% in the prior-year period. For the first three quarters of 2025, revenue advanced by 6.0% compared with the prior-year period to EUR 2.148 billion, with adjusted EBITDA swelling by 4.7% to EUR 337.9 million.
Klaus-Peter Schulenberg, CEO of CTS EVENTIM, stated that the company's performance illustrates they are not only growing but also creating long-term value. He attributed this success to continually modernizing technological infrastructure, significantly optimizing processes, and making progress with the integration of acquisitions made in 2024. The company's strategic initiatives are detailed in their corporate communications.
The Ticketing segment maintained its growth trajectory despite the challenging comparison base from the previous year. Revenue in the Ticketing segment increased by 2.1% compared with the prior-year period to EUR 211.0 million in the third quarter. More impressively, adjusted EBITDA for the period climbed by 8.1% to EUR 91.0 million, pushing the adjusted EBITDA margin to 43.1% compared to 40.7% in the previous year. This represents another increase in the segment's already high profitability margin.
The Live Entertainment segment showed particularly strong improvement in profitability during the third quarter. Revenue increased by 5.5% and adjusted EBITDA surged by 27.0% compared with the prior-year period. This strong performance nearly canceled out the decrease in adjusted EBITDA experienced in the first half of the year. Revenue in the Live Entertainment segment rose to EUR 663.0 million in the third quarter, with adjusted EBITDA amounting to EUR 46.3 million, resulting in an adjusted EBITDA margin increase to 7.0% from 5.8% in the previous year.
Growing synergies and concerted efforts to manage costs throughout the Group were cited as contributory factors to the improved profitability. The financial result in the third quarter was positive and improved year on year, though expenses in the first nine months continued to be affected by developments in the first two quarters. Given the robust growth achieved by both segments in the third quarter, the Executive Board is upholding the forecast published in the Annual Report 2024 for the Group for 2025 as a whole.
