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CTS Eventim Revenue Jumped 22% in 2023 Amid Post-COVID Touring Boom, International Expansion
CTS Eventim earnings show revenue was up amid the post-COVID touring boom. The German concert promoter's international expansion also helped.
The company cited a boost it received from new North American partnerships with Mammoth and AG Entertainment, created to sign international acts for U.S. and global tours. The company touted its ticketing platform’s reliability in handling heavy demand for concerts by Taylor Swift, Rammstein, Bruce Springsteen, Coldplay, Apache 207 and Paul McCartney. While CTS Eventim has grown by nearly two-thirds since before the pandemic, its growth rate is about a third lower than Live Nation, the world’s largest concert promoter and ticketing company, which grew revenue by 93.9% from 2019 to 2023.
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