Lyon, 24th April: Last week, GL events released its financial results for the quarter ended 31st March 2024. Revenues at GL events Exhibitions business were €99.8 million (US$108 million), down 11% compared with the same figure in the first quarter of 2023. The company’s management attributed the decrease in its exhibitions’ revenue largely due to the unfavourable effect of biennial events.

Overall, GL events’ group revenues increased by 10% in the quarter, reaching €386 million (US$417 million). Other than the fall in exhibition-related revenues, the other two key business segments performed well. GL events Live generated €192 million (US$208 million), up 28% year-on-year. While GL events Venues posted revenues of €92.4 million (US$100 million), growth of 7.1%.