By Maitane Sardon
Shares in CTS Eventim fell after the German entertainment ticket service provider reported first-quarter results that missed some estimates.
Shares were 10.5% lower at 99.35 euros in early European trade Thursday.
The company said consolidated revenue for the first three months of 2025 came to 498.6 million euros ($564.9 million), a 22% increase compared with the prior-year period. The figure was 14% above consensus estimates provided by FactSet.
Adjusted earnings before interest, taxes, depreciation, and amortization rose by 8.9% to 100.3 million euros, a 6% beat versus FactSet consensus but a 3% miss to estimates provided by Bloomberg.
The company confirmed its guidance for 2025, indicating a moderate increase in group-level sales, adjusted Ebitda, and EBIT, Jefferies analysts said in a research note. The outlook is mirrored in the Ticketing segment, whereas the Live Entertainment business is expected to deliver flat performance across all key financial metrics, the analysts added.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
May 22, 2025 05:06 ET (09:06 GMT)
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