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69 Million Online Tickets Sold: CTS Eventim Confirms Record 2022
CTS Eventim has published its 2022 financial earnings, confirming the preliminary figures reported earlier, and adding a few more details.
For instance, the earnings report states that 69 million online tickets were sold via the CTS Group’s webshops in 2022, which represents an increase of 116% on the previous year and 21% on the previous record year of 2019.
Aside from a growth in digital ticket sales, CTS Eventim CEO Klaus-Peter Schulenberg pointed to “investment in systems-based innovations, and our global expansion strategy” as further growth factors.
See: CTS Eventim Reports ‘Record-Breaking Performance In 2022’
As previously reported, CTS Eventim’s consolidated revenue came to €1.926 billion in 2022, or more than $2 billion, an increase of 372% compared with the previous year (€408 million) and up by 33% on 2019. The live entertainment giant attributes this growth to a new all-time high of more than $2 billion is attributable to “strong growth in both the Ticketing and the Live Entertainment segment,” according to the company statement.
CTS Eventim generated €541 million ($584 million) in ticketing revenues in 2022, a 12% rise compared to 2019. The company launched a digital-only EVENTIM.Pass, which resulted in sales of more than two million digital tickets the first time it was used, which was for the Ed Sheeran tour. Moreover, artists such as P!nk, The Rolling Stones, Rammstein and Roland Kaiser proved as popular as ever on their return to live shows.
See: Ed Sheeran Sells 2022’s Most Tickets, 3+ Million
Revenues in the Live Entertainment segment came to €1.4 billion ($1.5 billion) in live in 2022, 43% increase on 2019. Head here for Pollstar’s previous breakdown of CTS Eventim’s preliminary 2022 figures.
CTS Eventim CEO Klaus-Peter Schulenberg commented, “We are delighted by the exceptional growth generated by our two main segments in their core domestic and international markets. Our Group earnings reflect the sustained and fast-growing trend that is seeing people everywhere wanting to attend live events again. The fact that we were able to significantly increase our revenue in 2022 was not a given at first because of the pandemic.
“Indeed, there are actually various developments that have contributed to this success, such as the growth of digital ticket sales, investment in systems-based innovations, and our global expansion strategy. We now expect to maintain this course of strong profitable growth and further improve our market position.”
And he added, “As an integrated live entertainment group, we will continue to take every opportunity to grow with and within the markets both on the domestic front and internationally. We will be opening up new fields of business and improving our offering and our technologies on an ongoing basis.”