on CTS EVENTIM AG (isin : DE0005470306)
CTS EVENTIM and AXS named ticketing services providers for the 2028 Olympic and Paralympic Games in Los Angeles
CTS EVENTIM AG & Co. KGaA, in collaboration with AXS Group LLC, a wholly-owned subsidiary of Anschutz Entertainment Group (AEG), has reached an agreement with the organizing committee of the 2028 Olympic and Paralympic Games in Los Angeles. This agreement designates a joint venture as the official ticketing services provider for this global event, including the provision of ticketing software, qualified staff, management, marketing, and associated services.
The LA28 Olympics will take place from July 14 to 30, while the Paralympic Games will be held from August 15 to 27. CTS EVENTIM expects a positive contribution to revenue in the hundreds of millions of euros from this agreement.
Currently, CTS EVENTIM is the European leader in ticketing services and ranks second globally. The company, which sells over 300 million tickets annually through its systems, generated revenue of 2.4 billion euros in 2023, operating in more than 25 countries.
R. H.
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