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CTS Eventim shares down 12% after Q1 miss on net income and margins

AuthorNavamya Acharya
Published 22/05/2025, 09:36
© Reuters
BARC
0.37%
EVDG
0.87%
CTS
-2.44%

Investing.com -- CTS (NYSE:CTS) Eventim shares fell more than 12% on Thursday after the company reported first-quarter results that showed revenue and EBITDA growth but a shortfall in net income and lower-than-expected margins in the ticketing segment.

Revenue for the quarter rose 22% year over year to €499 million, beating Barclays’ estimate of €444 million and exceeding the FactSet consensus of €438 million. 

Adjusted EBITDA came in at €100 million, broadly in line with Barclays’ forecast of €101 million and 6% above the consensus figure of €94 million. The adjusted EBITDA margin stood at 20.1%.

Net income for the quarter was €46 million, below Barclays’ estimate of €71 million. Analysts attributed the miss to higher-than-expected financial expenses.

In the ticketing segment, revenue increased 16.9% to €213.6 million. Adjusted EBITDA for the segment rose 6.6% to €88.7 million. The adjusted EBITDA margin was 41.5%, below Barclays’ projection of 45.0%.

The live entertainment segment generated €291.8 million in revenue, up 24.5% from the prior-year quarter. Adjusted EBITDA for the segment grew 29.8% to €11.6 million, with a margin of 4%, in line with expectations from Barclays (LON:BARC) and Jefferies.

The first quarter marked the initial full consolidation of See Tickets and France Billet, following acquisitions completed in 2024. 

CTS Eventim stated that integration of the two units is ongoing and expected to be completed this year.

The company confirmed its full-year 2025 outlook, guiding for moderate growth in group-level revenue, adjusted EBITDA, and EBIT. 

The ticketing segment is expected to show increases across all major financial indicators, while the live entertainment segment is projected to remain flat.

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