Live events and ticketing company DEAG reports 18% jump in revenue to record high $400m in 2024

DEAG sees profit slide but revenues rise in 'transformative' year - Access All Areas

Pan-European promoter, ticketing and venue giant Deutsche Entertainment Aktiengesellschaft (DEAG) has reported record annual revenue of €370 million (£315m) in 2024 but a fall in profit. The company said it saw a temporary fall in earnings last year resulting from a strategic re-shaping of the business. It reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of €14.4m (£12.24) in 2024, down from €26.4m (£22.4m) in 202…

DEAG hits revenue high and invests in the future

DEAG has posted a mixed financial year for 2024, featuring a record revenue total but was impacted by strategic investments for future growth. While revenue increased by roughly 18% to reach approximately €370m (£315m/$421m) in 2024, EBITDA (earnings before interest, taxes, depreciation, and amortisation) dropped from €26.4m to €14.4m.  The decrease is related to a number of deals and acquisitions secured in 2024, helping DEAG to expand into oth…

Live events and ticketing company DEAG reports 18% jump in revenue to record high $400m in 2024

The company says it made a 'conscious' decision to increase spending on longer-term investments, even if it meant a shrinking EBITDA Source