DEAG In The Black - Pollstar News

While German promotion and ticketing giant DEAG’s earnings before interest and taxes as well as revenues didn’t match last year’s Q1, the results are still positive.

DEAG earned euro 0.3 million in EBIT, compared with euro 2 million in last year’s period (minus 85 percent). Revenues shrunk by around 20 percent from euro 38.9 million to 31.3 million year on year.

The company’s proprietary ticketing platform myticket.de is offering increasingly more events. What is more, the percentage of DEAG tickets being sold via myticket.de increased as well.

“Around 14 per cent of all tickets group-wide were sold via myticket.de in the first quarter, compared with just under 10 per cent in the previous year,” a corporate statement reads.

DEAG estimates that myticket.de will account for around 40 percent of DEAG tickets sold by 2017, and that increasingly more third-party event organizers will be using the platform going forward, “following the very positive sales for Tabaluga.”