CTS Eventim profit dips as live entertainment revenue falls

Nov 12 (Reuters) - German ticketing firm CTS Eventim reported a 2.6% fall in third-quarter adjusted earnings before interest, taxes, depreciation and amortisation on Thursday, as fewer major tours than a year earlier weighed on its live entertainment business.

Adjusted EBITDA fell to 133.8 million euros ($143.5 million) in the July-September period, from 137.3 million euros a year earlier.

• Group revenue fell 5.3% year-on-year to 809.1 million euros

• Revenue in the live entertainment segment fell 11.7% to 585.6 million euros, as the business faced a tough comparison with a year earlier, when major international tours, including those by Ed Sheeran and AC/DC, boosted sales

• Ticketing revenue rose 11.5% to 235.4 million euros in the quarter as retail ticket sales continued to increase

• CTS Eventim maintained its 2026 outlook and said there were no significant changes to its business expectations

(Reporting by Aleksandra Kret; Editing by Tasim Zahid)