Pollstar (11/29/22)

The third quarter of 2022 proved Deutsche Entertainment Aktiengesellschaft (DEAG) is on track for a record year of business growth, with revenue rising to €101.7 million ($105.6 million), a 72% gain over the same period in 2019 and a six-fold increase from the third quarter of 2021 when €16.7 million ($17.3 million) was earned. Earnings before interest, taxes, depreciation and amortization (EBITDA) climbed to €10.2 million ($10.6 million) in the third quarter, which DEAG's earnings statement said “equates to an increase of 110% compared to the figure for 2019, or an increase of 134% compared to EBITDA of €4.3 million in the same period of the previous year.” Over the past nine months, DEAG made €235.1 million ($244.2 million) in revenue, a 91% spike from the period in 2019 and up from €24.1 million ($25 million) in the first nine months of 2021. EBITDA in that period increased to €20.3 million ($21 million), a 155% gain from the same period in 2019 and compared to EBITDA of €13.3 million ($13.8 million) in 2021. “The main reason for the good development of the key financial figures was the significant upturn in operating activities as a consequence of lifting most of the corona restrictions in DEAG's national markets,” the company declared. “In addition, the companies acquired by DEAG since 2019 also made a significant contribution to the good performance for the first full year. Furthermore, DEAG's consistent strategic focus on its own high-margin event formats in recent years ... and the expansion of the Group's own ticketing platforms myticket and Gigantic Tickets for its own and third-party content, through which a large share of ticket sales is processed, have also paid off.”

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