CTS Eventim (ETR:EVD) in Invesco EQV European Equity Fund Q3 2024

Capitalizing on Post-Pandemic Live Event Demand

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Apr 14, 2025
Summary
  • Leader in European live event ticketing and entertainment promotion.
  • Benefiting from sustained consumer demand for live events post-pandemic.
  • Potential to gain market share amid regulatory challenges faced by competitors.
  • Strategic expansion into the U.S. market.
  • Risks include potential regulatory changes and economic downturns affecting consumer spending.

In the Invesco EQV European Equity Fund (Trades, Portfolio)'s Q3 2024 commentary, CTS Eventim (ETR:EVD, Financial) was highlighted as a new position, reflecting the fund's strategic focus on companies with strong market positioning and growth potential. The fund managers, Borge Endresen, Mark McDonnell, and Richard Nield, emphasized the company's leadership in the European live event ticketing sector and its strategic expansion plans.

"CTS Eventim is a Germany-based leader in European live event ticketing and entertainment promotion. In the post-pandemic era, live event demand has not only held up, but proven to be one of the last areas where consumers cut spending given the scarce nature of proximate performances. Contrary to negative industry headlines, we believe recent regulatory challenges facing Ticketmaster/Live Nation (not fund holdings) in the US may instead provide opportunities for CTS Eventim to carve out market share with its US expansion strategy." — Invesco EQV European Equity Fund (Trades, Portfolio), Q3 2024 Fund Letter

Read full letter at gurufocus invesco eqv european equity fund q3 2024 commentary 2024 Q3 page.