CTS Eventim continued to grow profitably last year and exceeded the 3 billion euro sales threshold for the first time. However, the outlook sows doubts.
As the ticketing provider announced, group sales increased by 9.6 percent to 3.079 billion euros in 2025. Adjusted EBITDA rose by 7.7 percent to 584 million euros, the corresponding margin was 19.0 percent. In the final quarter, sales grew by 19.2 percent to 930.9 million euros. Adjusted EBITDA climbed by 12.2 percent to 246.2 million euros, with a margin of 26.4 percent.
The strong final quarter particularly reflects the high demand for events as well as the successful implementation of numerous events of all sizes, according to the MDAX company.
The general meeting on May 27th will propose a distribution of 138.2 million euros as a dividend. According to the information, this corresponds to 50 percent of the consolidated result or 1.44 euros per share.
In the current year, CTS Eventim expects an increase in total sales and adjusted EBITDA given stable overall economic development.
This is how the CTS Eventim share reacts
Disappointing annual targets from CTS Eventim sent the ticket marketer and event organizer’s shares plummeting on Friday. They temporarily fell by 20.33 percent to 50.75 euros. Based on the company’s forecast for 2026, analysts now expect falling consensus expectations.
The revenue development was well received, breaking the 3 billion euro mark for the first time last year. Sales and operating results in the final quarter were strong and exceeded expectations, Jefferies analyst Henrik Paganetty praised that same evening. After trading, the shares on the Tradegate trading platform had climbed to 67.50 euros.
But on Friday morning the market ultimately focused on the MDAX company’s planned targets for 2026. One stock exchange trader spoke of a “somewhat disappointing outlook” and also pointed to the dividend cut announced by the company.
JPMorgan analyst Lara Simpson sees a need for discussion regarding the goals. She complained that management had only promised an “increase” in consolidated sales and adjusted operating results (Ebitda) compared to the 2025 financial year. At the same time, however, CTS has to cope with a structural change in earnings. This resulted from the fact that a long-term ticket contract had expired. All in all, Simpson expects the consensus estimate for adjusted Ebitda to decline in the mid- to high-single-digit percentage range.
Strategically, she sees the focus already on the Capital Markets Day in Milan in September. CTS is expected to present further details there, such as the overall strategy and the medium-term financial plan.
Bernstein analyst Annick Maas was also not convinced by CTS’s outlook. She promptly updated her valuation model and corrected her estimates for 2026, which is why she also capped her price target at 94 euros. However, the investment rating remained at “Outperform”.
DOW JONES NEWSWIRES / (dpa-AFX Broker)
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