Stock Pullback as Buying Opportunity!
The market has overreacted – the story is stronger than a quarter!
As everything goes virtual, the value of the real grows.
Reading Time: 1 minute
The latest earnings call from CTS Eventim was disappointing at first glance: record revenue in ticketing, but a weaker result in live entertainment weighed on sentiment and the stock price. High costs from acquisitions impacted EBITDA – the stock lost 20%. However, this does not change the bigger picture. The megatrend is intact: people crave real moments, concerts, festivals and shows that no app in the world can replace. CTS Eventim is Europe's market leader in this boom and is growing rapidly internationally.
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