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German ticketing and live entertainment company operating Europe's largest ticketing platform plus concert promotion/venues.
German ticketing and live entertainment company operating Europe's largest ticketing platform plus concert promotion/venues.
Earns fees on each ticket sold, charged to buyers and organisers, which makes ticketing the steadier and more profitable line, while live entertainment, promoting concerts and running venues, brings more revenue but much less profit. Klaus-Peter Schulenberg, the founder, is the main shareholder.
Moat: narrow (network effects, scale, distribution). Leading European ticketing marketplace with network effects between venues/promoters and ticket buyers.
Headquarters: Munich, Germany · Founded: 1989 · Employees: 5,329
Size CTS Eventim AG & Co. KGaA (EVD.DE) is a Germany Communication Services company (Movies/Entertainment) with a market value of $6.68B, the 64th largest of 205 Germany companies the cockpit tracks. Shares closed at €62.00 on 6 Nov 2026.
Performance Over six months the shares gained 10.9%, against +11.1% for the median peer and +2.6% for the Germany market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 13.7% over the last twelve months (peer median +4.2%); the operating margin is 14.9% (peer median 9.5%).
Valuation It trades at 18.4× forward earnings against a peer median of 30.3× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +64%, so the hurdle is -58 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 110.2 points above its cost of capital (10.6% WACC).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.30B | €3.08B | €2.81B | €2.36B | €1.93B |
| Revenue growth | — | +10% | +19% | +22% | — |
| Gross profit | €856M | €785M | €741M | €603M | €448M |
| EBITDA | €596M | €569M | €507M | €413M | €302M |
| Net income | €308M | €277M | €319M | €275M | €204M |
| Free cash flow | n/a | €131M | €380M | €519M | €322M |
| Capital expenditure | n/a | €279M | €177M | €171M | €53.5M |
| Total debt | €292M | €280M | €240M | €191M | €138M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CTS Eventim AG & Co. KGaA EVD.DE | $6.68B | +11% | +14% | 15% | 18.4× | 6.8% |
| Live Nation Entertainment LYV | $41.3B | +7% | +11% | 6% | 125.4× | 18.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EVD.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | +10.7% | 10th lowest of 20 |
| 6-month return | +10.9% | +11.1% | 10th lowest of 20 |
| Distance from 52-week high | -28.2% | -14.8% | 4th lowest of 20 |
| Revenue growth (TTM) | +13.7% | +4.2% | 4th highest of 20 |
| Operating margin | 14.9% | 9.5% | 9th highest of 21 |
| Forward P/E | 18.4× | 30.3× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 6.8% | 5.8% | 8th most demanding of 17 |
| Growth delivered (Del g) | +64.3% | +16.7% | 2nd highest of 17 |
| Hurdle (Req g minus delivered) | -57.5 pp | -14.8 pp | 2nd least demanding of 17 |
| ROIC minus cost of capital | +110.2 pp | +1.1 pp | highest of 21 |
| EV / EBITDA | 8.4× | 12.3× | 4th cheapest of 13 |
| Net debt / EBITDA | -1.8× | 3.2× | 2nd least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CTS Eventim AG & Co. KGaA EVD.DE | Germany | $6.68B | +11% | +14% | 15% | 18.4× | 6.8% | +64.3% |
| Churchill Downs CHDN | United States | $6.71B | +11% | +4% | 26% | 13.6× | 2.3% | +22.7% |
| MSG Knickerbockers MSGK | United States | $7.51B | n/a | +11% | 3% | n/a | 61.1% | +22.6% |
| Genting Singapore G13.SI | Singapore | $5.76B | -10% | +2% | 15% | 19.1× | -5.0% | +18.2% |
| Beijing Enlight Media 300251.SZ | China | $5.49B | -16% | -71% | -57% | 179.5× | n/a | n/a |
| Lottery TLC.AX | Australia | $8.47B | +4% | -5% | 16% | 33.3× | 9.9% | +3.8% |
| Benefit Systems BFT.WA | Poland | $5.18B | +54% | +40% | 19% | 23.7× | 13.4% | +34.3% |
| DraftKings DKNG | United States | $9.19B | -27% | +15% | -3% | 55.1× | 9.7% | +58.0% |
| Toho 9602.T | Japan | $9.44B | +22% | +4% | 16% | 28.4× | 7.9% | +13.4% |
| Liberty Live Holdings, Inc. Registered Series -A- LLYVA | United States | $9.64B | +9% | n/a | -13% | n/a | n/a | n/a |
| Cinemark CNK | United States | $4.51B | +44% | +13% | 15% | 14.8× | 2.4% | +35.3% |
| China Film 600977.SS | China | $4.48B | +16% | 0% | -9% | 141.5× | -7.1% | +10.4% |
| Lionsgate Studios LION | United States | $4.24B | +16% | -8% | 6% | 52.8× | 18.6% | -8.0% |
| Toei Animation 4816.T | Japan | $4.17B | +23% | -2% | 31% | 27.9× | 0.5% | +12.7% |
| Manchester United MANU | United States | $3.90B | +15% | +5% | -2% | 142.1× | 18.3% | +6.5% |
| Banijay BNJ.AS | Netherlands | $3.83B | -13% | +7% | 14% | 8.0× | -4.5% | +18.1% |
| Madison Square Garden Entertainment MSGE | United States | $3.65B | +18% | +16% | 17% | 32.1× | 5.0% | +66.9% |
| Atlanta Braves BATRA | United States | $3.23B | +1% | +6% | -9% | n/a | n/a | n/a |
| Itv ITV.L | United Kingdom | $3.23B | -16% | +2% | 13% | 8.3× | -2.8% | +4.8% |
| Ruyi Film Entertainment 002739.SZ | China | $2.94B | -9% | -8% | 3% | 34.1× | 6.7% | +15.4% |
| AMC Entertainment AMC | United States | $2.80B | +109% | +6% | 5% | n/a | n/a | n/a |