CTS Eventim, a leading ticket marketer and concert organizer, has reported a significant revenue increase in the first quarter of 2025, despite facing a sharp decline in net profit. The company announced a 22% year-on-year growth in revenue, reaching nearly 499 million euros, with its operating profit before interest, taxes, depreciation, and special items rising by 9% to over 100 million euros. However, the net profit saw a decrease of almost a third to just over 46 million euros, attributed to lower returns from minority stakes in other companies and adverse currency effects on long-term receivables.
Klaus-Peter Schulenberg, CEO of CTS Eventim, remains optimistic about the company's trajectory, highlighting the successful integration of recently acquired ticket providers See Tickets and France Billet. Schulenberg anticipates moderate growth in both revenue and adjusted operating profit for the current year, underscoring the company's resilience and strategic positioning in the live entertainment industry.
Market analysts have offered mixed reactions to CTS Eventim's quarterly performance. While JPMorgan analyst Lara Simpson described the start of the year as 'mixed' in light of high market expectations, noting the strong revenue figures but disappointing adjusted EBITDA, Jefferies maintained a 'Buy' rating on the stock with a price target of 127 euros, citing a strong start to the year.
Despite the challenges, CTS Eventim's strategic acquisitions and robust demand in the early part of 2025 have positioned the company for continued growth. Investors and market watchers will be closely monitoring the company's ability to navigate the complexities of the global live entertainment market and deliver on its growth objectives in the coming quarters.
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