$EVD (-0,44 %)

Hello everyone, I need help from the chart experts among you!

How do you see the chart development of $EVD (-0,44 %) ?

Where are the supports and resistances?

Many thanks in advance!

What a wild ride that was, please ?!? Even the poor kangaroo gets sick...

🦘📈🦘📉🦘📈🦘📉🦘📈 🦘

...and personally don't really believe that the current situation is the end of "Pinky and the Brain"...

... "Pinky" still has to live up to the bets of all his boddies, has his back to the wall domestically with regard to the mid-terms and "the Brain" still has no interest in the end, after all, he still wants to permanently occupy at least southern Lebanon (incorporate the country) and therefore continues to escalate...

...my conclusion from this is that "Pinky" will launch a limited ground offensive over Easter or shortly afterwards in order to sell it strategically at home or to be able to announce something successful at all, the outcome of which is still completely open, while "the Brain" is already forging plans on how he can continue to pursue his goals even after a possible US exit - the end is open - regardless of the fact that the energy issue will still not be resolved after the end 🤷🏻‍♂️

But let's get back to March...

...even though the month was difficult, it ended with a small gain on the bottom line or even just below the last ATH...

...shows me, conversely, that my consistent strategy and steady fingers have been able to survive such market phases relatively well so far 💪🏻

In terms of the year as a whole, the first quarter has also been relatively successful for the circumstances and when I think about the fact that the overall portfolio is just ~1.5-2% below my chosen September milestone, the whole thing reassures me immensely or rather... is going better than forecast 🫠

In the long term, of course, everything is still on target and so not only are the nights still calm and cozy, but I also know that the dividends will continue despite everything, which brings us back to the next topic...

》Dividends《

This month there were €116.68 net dividends, which means an increase of 164.41% YOY 💪🏻

YoC (TTM) is ~6% and thus slightly below the target range, although the good months are yet to come...

》Outflows《

$PDI (-0,4 %) (35x)

$VICI (+1,12 %) (35x)

》Accesses《

$ALV (+1,12 %) (5x)

$EVD (-0,44 %) (25x)

$FWRG (+1,36 %) (73x)

》TOP 3《

$3750 (-2,62 %) +28,67% (+89,65%)

$VAR (-0,05 %) +23,61% (+55,54%)

$HAUTO (+1,31 %) +11,31% (+79,18%)

》FLOP 3《

$HSBA (+1,84 %) -8,25% (+45,21%)

$ASWM (+3,06 %) -6,51% (-8,38%)

$MUX (-0,7 %) -5,70% (+27,30%)

Furthermore, all contracts for the continuation of my training were signed and sealed this month, which was also pleasing and comes with a small salary increase 😊

That's all from me for now and I wish us all a successful April

$EVD (-0,44 %)

...after I had already made a first strike earlier, the position was increased by another 10 shares at € 50.90 and at € 49.40 another 5 shares were added.

In my opinion $EVD (-0,44 %) is massively undervalued at this corona price level (2023) and if it slips a little further, I will add to it again.

I have now gone through this scenario with many of my individual stocks and so far they have all performed well, so I am still optimistic that it will continue like this.

...think the market reaction is completely exaggerated right now, but the share is now available at the 2023 level 🫠

$EVD (-0,44 %)

CTS Eventim AG, a leading entertainment company, has reported record results for the full year 2025, exceeding the EUR 3 billion revenue mark for the first time.

Despite this success, the company's earnings per share (EPS) fell by 13% year-on-year, mainly due to currency effects and other external factors.

The most important points at a glance

• CTS Eventim's revenue exceeded 3 billion euros for the first time, an increase of 10% compared to the previous year.
• Earnings per share (EPS) fell by 13% to EUR 2.89, influenced by currency effects and special items.
• The company maintained an adjusted EBITDA margin of 19%, which is in line with historical levels.
• Strategic initiatives in the areas of technology and data are expected to drive future growth.

Development of the company

CTS Eventim AG delivered a strong operating performance throughout 2025, achieving significant revenue growth and maintaining a stable EBITDA margin. The company reported total revenue of EUR 3.1 billion, an increase of 10% year-on-year, driven by robust ticket sales and a growing live entertainment segment.

Adjusted EBITDA reached EUR 584 million, which corresponds to growth of 8% compared to the previous year.

Key financial figures at a glance

• Turnover: 3.1 billion euros, +10 % compared to the previous year
• Adjusted EBITDA: 584 million euros, +8% compared to the previous year
• Earnings per share: 2.89 euros, -13% compared to the previous year
• Net result: 277 million euros
• Gross transaction volume: almost 9 billion euros

Outlook and forecast

For the future, CTS Eventim forecasts EPS of EUR 3.7 for 2025 and EUR 4.06 for 2026, with expected revenue of EUR 3.5 billion in 2025 and EUR 3.655 billion in 2026.

The company plans to continue investing in technology and data capabilities to support sustainable growth and improve operational efficiency.

Management commentary

CTS Eventim executives emphasized the company's strategic focus on expanding its global platform and using data to strengthen customer loyalty.

They emphasized the importance of international diversification to reduce dependence on individual markets and events.

Risks and challenges

• Exchange rate volatility remains a significant risk impacting revenues and financial results.
• Dependence on major events and tours could pose a challenge if demand fluctuates.
• Macroeconomic pressures and changes in consumer behavior could impact ticket sales.
• The company's ability to successfully integrate acquisitions and expand its international presence is crucial for sustainable growth.

Q&A

During the earnings call, analysts inquired about the impact of exchange rates on the company's financial performance and the strategic initiatives planned to mitigate these effects. Management reaffirmed its commitment to increasing operational efficiency and developing new revenue streams through investment in innovation and technology.

$EVD (-0,44 %)

CTS Eventim AG - the leading ticketing and live entertainment

entertainment group and the world's number two, once again grew profitably in the third quarter - despite a challenging economic environment in Germany.

economic environment in Germany.

Revenue and earnings increased year-on-year, although the prior-year quarter included temporary factors.

Profitability developed positively in the 3rd quarter:

The EBITDA margin increased compared to the previous year, even without adjusting for the ongoing integration effects for the Ticketing and

Live Entertainment companies acquired last year.

Other factors were growing synergies

synergies and consistent cost management throughout the Group.

The financial result in the third quarter is positive and has thus improved compared to the same period last year.

In the first 9 months, the financial result

continued to be influenced by the development of the first two quarters.

In the 3rd quarter of 2025, Group sales grew by 3.5% compared to the same

the same period of the previous year to 854.2 million euros.

Adjusted EBITDA rose disproportionately by 13.8% to 137.3 million euros.

The adjusted EBITDA margin was 16.1% (previous year: 14.6%).

Compared to the same period of the previous year, sales in the first three quarters rose

by 6.0% to 2.148 billion euros.

Adjusted EBITDA grew by 4.7% to

percent to 337.9 million euros.

The adjusted EBITDA margin amounted to 15.7% (previous year: 15.9%).

The Ticketing segment continued its growth trajectory despite the fact that the prior-year quarter was additionally boosted by non-recurring revenue, including from the Paris 2024 Olympic Games.

Revenue in the Ticketing segment in Q3 2025 increased by 2.1% compared to the

the same period of the previous year by 2.1% to EUR 211.0 million.

Adjusted EBITDA in the months of July to September grew by 8.1% compared to the

the same quarter of the previous year by 8.1% to EUR 91.0 million.

The adjusted EBITDA margin amounted to 43.1% (previous year: 40.7%).

Based on the months January to September 2025, revenue in the Ticketing segment increased by

Ticketing segment increased by 11.0% year-on-year to EUR 626.8 million.

Adjusted EBITDA grew by 7.1% to EUR 257.8 million.

euros.

The Adjusted EBITDA margin amounted to 41.1% (previous year: 42.6%).

Profitability in the Live Entertainment segment improved significantly in the third quarter.

Revenue increased by 5.5% compared to the same period of the previous

percent and Adjusted EBITDA by 27.0 percent.

This compensated for the decline

EBITDA from the first half of the year (-26.1%) was almost completely

nine-month period was almost completely offset.

In the third quarter of 2025, revenue in the Live Entertainment segment grew to

to EUR 663.0 million compared to the same period of the previous year.

Adjusted EBITDA amounted to

amounted to EUR 46.3 million in the 3rd quarter, which increased the adjusted EBITDA margin to

7.0% (previous year: 5.8%).

Revenue in the Live Entertainment segment increased by 4.2% year-on-year to EUR 1.557 billion in the first nine months of 2025.

At EUR 80.0 million, adjusted EBITDA was almost at the same level as in the

the same period in 2024.

Thanks to the strong 3rd quarter, the Adjusted

EBITDA margin for the first nine months was 5.1%, only slightly below the previous year's

below the previous year's figure of 5.5%.

Outlook:

Based on the robust growth of both segments in the 3rd quarter, the

Executive Board continues to adhere to the forecast made in the 2024 Annual Report

for the Group as a whole for the full year 2025.

Reading time: 11 minutes

My user name already reveals a certain affinity with music to those in the know. Music is something special for me - it accompanies, reflects moods and often stays where words end. So in this article, I take a look at the music industry from an investor's perspective: Where is value actually being created here, who is benefiting from the streaming boom, and which companies are making money from the return of great live experiences?

Music has always been a business with emotions - and with returns. Since streaming replaced the old model of CD sales, the industry has transformed into a global data and rights business. Today, it is no longer just artists, labels and concert promoters who earn money, but also investors who rely on digital platforms, rights catalogs and live experiences. The music industry is no longer a subject of nostalgia, but a sector with recurring cash flows, platform dynamics and the potential to remain one of the most profitable cultural industries in the coming years.

The pandemic was the stress test: physical events fell away, while streaming exploded. Since then, the sector has been growing twice over - online and on stage. According to the IFPI, the global music market has recently risen to over 28 billion US dollars, driven by more than 600 million paying streaming subscribers worldwide. However, it is not so much the volume that is decisive as the monetization. Anyone investing today should understand where the leverage lies: with platforms that control data and behavior - or with rights holders who profit from the same songs for decades.

A first obvious player is $SPOT (+0,46 %) (Spotify Technology S.A.), the dominant streaming platform with over 600 million monthly active users. The business model is based on scaling: music rights are licensed, advertising revenues and subscription revenues increase linearly with the user base. After years of growth, Spotify is now entering the margin expansion phase. Price increases in core markets, new product levels such as "Superfan Clubs" and the integration of podcasts and audiobooks are shifting the model from volume to value.

Key figures: Revenue growth around 7% YoY, EBITDA margin ~11.6% → Rule of 40 ≈ 18.6%. PEG ratio approx. 2.1×, P/E ratio ~45, free cash flow yield approx. 1.5 %.

Spotify is therefore clearly below the ideal "Rule of 40" threshold - growth and profitability are solid, but not excellent. For investors: the story is intact, the model works, but the valuation requires sustainable operating leverage.

On the other side are the rights holders. $WMG (+0,75 %) (Warner Music Group) is one of the three major labels worldwide, alongside Universal and Sony. Unlike Spotify, Warner owns the heart of the industry - the songs themselves. Revenues from streaming, synchronization, film rights and live events ensure predictable cash flows. Warner is not a high-growth stock, but a classic cash machine with a structural tailwind.

Key figures: Sales growth ~6.4 %, operating margin ~14 % → Rule of 40 ≈ 20.5 %. PEG ratio approx. 2.0×, P/E ratio ~34, free cash flow yield ~2 %.

Warner thus remains slightly below target, reflecting the more mature phase of the company: stable, but less dynamic. Margins are solid, the moat is real - music rights are not expiring. The fact that growth comes at a high price remains critical: Artist contracts are complex, catalogs are expensive, and the power of the platforms squeezes margins. Nevertheless, WMG is one of those companies that work with time, not against it.

Between these poles - platform vs. rights - a third market has emerged: the trade in music catalogs. Companies such as Hipgnosis Songs Fund, Round Hill Music and Kobalt have shown that music IP can be a predictable asset. The returns come from license fees and royalties, which continue to flow even during recessions. Private equity houses such as $BX (+4,5 %) Blackstone and Apollo have long since stepped in. The idea behind it: Songs don't age, they are rediscovered - on TikTok, in series, in advertising. Anyone who owns unique rights to a handful of global hits has a kind of musical bond with inflation protection.

But the music industry does not end with rights and streams. Another anchor of growth lies in the physical experience - live events. Here dominates$EVD (-0,44 %) (CTS Eventim AG & Co. KGaA) from Germany, Europe's largest ticketing and concert group. Eventim combines two highly profitable business models: platform and production. Through its ticket network, the company controls access to millions of fans, while at the same time acting as an organizer of festivals, arena shows and tours. Vertical integration - from digital booking to the stage - creates margin advantages and pricing power.

Key figures: Revenue growth ~6%, EBITDA margin ~19% → Rule of 40 ≈ 25%. PEG ratio difficult to compare (partly negative due to cyclical business model), P/E ratio ~29, free cash flow yield ~3 %.

Eventim is therefore also below the Rule of 40 mark, but impresses with its pricing power, network effects and cash flow strength. For investors, the Group offers a kind of counterweight to the digital models - real, scalable and relatively independent of the streaming cycle.

A comparison can be made: All three stocks are below the Rule of 40 threshold, but use different levers: Spotify via data and subscription economics, Warner via rights ownership and licensing streams, Eventim via live experiences and pricing power. Whoever invests in the music industry ultimately decides between platform, catalog or audience.

An alternative route is via the ETF $MUSQ which bundles companies along the entire value chain - from labels to streaming and live events. This is an efficient solution for investors who do not want to opt for individual shares. The ETF mixes well-known names such as Spotify, Universal, Warner and Live Nation with technology companies in the audio environment. The risk lies in the correlation: music is a small, highly concentrated market. If you want to diversify, you should be aware that these companies have similar global macro drivers - advertising market, consumption, interest rates, emotion.

Opportunities and risks are close together. The opportunities: The industry continues to grow, streaming revenues are increasing, live business is booming and music IP is becoming a strategic asset. The risks: Overvaluation, falling margins, regulatory pressure and platform power. The decisive factor will be who retains control over data and distribution. Those who only supply content will become interchangeable. Whoever controls access dictates the price.

For investors, a multi-stage approach is therefore a good idea: Platform stocks like Spotify for growth, rights holders like Warner for stability, promoters like Eventim for physical cash flow, specialized IP funds for passive income. Many shares trade at valuation premiums that presuppose long-term growth - but the structural demand for music remains. Streaming grows with every generation, rights do not become obsolete and live experiences cannot be substituted digitally.

Whether the music industry actually becomes a new defensive growth sector depends on the next cycle. If interest rates remain high, capital-intensive rights funds will suffer; if the economy picks up, streaming and live will benefit. However, music remains a consumer good with emotional value - and emotion sells, even on the balance sheet. Investors who want to invest in the soundtrack of the world have to decide whether they prefer to focus on data or content. On platform logic, rights ownership or experiences. Anything can work in the music industry - if you get the timing right.

Questions for the community:

How do you assess the relationship between digital and physical business models in the music industry?

Do you see Eventim as a structural beneficiary of the new live wave - or will streaming remain the dominant investment theme?

$EVD (-0,44 %)

- Q2 result: profit -24% yoy to € 44 million, operating result (adjusted) -9% to € 100.2 million - well below analysts' expectations

- Revenue: ticket sales +15% (€ 202 million), own events -4.5% (€ 603 million) → Total revenue stagnates at € 796 million

- Reasons for decline: weak concert revenue, high integration costs for acquisitions (Sea Tickets, France Billet, U-Live).

- Segment development: Ticketing profit increases slightly, promoter business -40%.

- Outlook: CEO Schulenberg maintains moderate growth target for 2025 despite difficult economic situation.

$EVD (-0,44 %)

CTS Eventim share: Chart from 26.05.2025, price: EUR 105.60 - symbol: EVD | source: TWS

Rapid rally phases alternated with brief slumps.

It happened again last Thursday. After the Quartalszahlen at times to 96 euros, but recovered in the course of trading and closed at 105.60 euros.

CTS Eventim grew significantly in the first quarter thanks to the takeovers of See Tickets and France Billet as well as good demand. Revenue increased by 22% to 498.6 million euros.

The EBIT was increased by 14.1 % to 76.2 million euros.

Share price volatility and valuation

However, the reported profit fell sharply from EUR 67.5 million to EUR 46.1 million. The decline is mainly due to higher expenses from foreign currency translation for non-current receivables amounting to EUR 10.63 million and lower income from companies accounted for using the equity method amounting to EUR 15.91 million.

These are special effects that have little to do with the operating business.

In my view, there is little cause for concern. The only real problem is the high valuation.

Earnings are expected to rise by 8% to 3.56 euros per share this year. Eventim therefore has a P/E ratio of 29.7. The long-term P/E ratio has hovered around 31 and in the five years prior to 2020 the average P/E ratio was 32.6. So there is not too much potential at the moment, but major setbacks should prove to be an opportunity.

The share is clearly bullish overall. The Aufwärtstrendkanal offers room up to around EUR 115, but a breakout above this could prove difficult.

If, on the other hand, the share falls below EUR 105, this could trigger a correction towards EUR 100 and EUR 94. Increased buying interest from anti-cyclical buyers can be expected at this level at the latest.

https://www.lynxbroker.de/boerse/boerse-kurse/aktien/cts-eventim-aktie/cts-eventim-analyse/?a=3355991664&utm_medium=email&utm_source=newsletter&utm_campaign=newsletter-boersenblick&newsletter=true&mc-rss-cache-bypass=2025052706&goal=0_d93daae099-4bd9aa306e-410756260#cts-eventim-wo-wuerde-ich-zuschlagen