DEAG Projects Strong Growth for 2024 Following Robust First Quarter

DEAG Deutsche Entertainment Aktiengesellschaft has announced a promising start to 2024, underpinned by substantial ticket sales and a well-packed event schedule. The company reported generating approximately EUR 52 million in revenue for the first quarter, a 7% increase from the same period last year. EBITDA was noted at around EUR 2.9 million. Focused on enhancing high-margin event formats, DEAG expects continued financial growth throughout the year.

The ticketing sector remained strong, with a 28% year-on-year increase in ticket sales through DEAG’s platforms. The company anticipates selling around 11 million tickets by year-end. Expanding its event offerings, DEAG organized tours, festivals, and performances ranging from “Disney on Ice” to AC/DC and Lenny Kravitz concerts.

DEAG's Buy & Build strategy saw further market consolidation, particularly in the UK, with the acquisitions of “How To Academy” and “ShowPlanr.” This strategic expansion is projected to unlock synergies in ticketing and live entertainment. Ongoing negotiations hint at further M&A activities focused on new European markets.

With major events planned for the latter half of 2024, including major festivals and concerts, DEAG positions itself for another year of growth. The company expects an upward trend in EBITDA and sales, reinforcing its market leader status within the live entertainment sector.