- 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.
