Lyon, 16th October: GL events released its financial results for the quarter ended 30th September 2024. It reported revenue growth of 18%, reaching US$428 million.

In terms of business sectors, more than 65% of GL events’ total revenues were generated from its GL events Live, amounting to US$279 million, up 24% year-on-year. The second largest sector, GL events Venues, generated revenues of US$121 million, which accounts for 28% of total revenues, representing year-on-year decrease of 23%.

The remaining revenues were generated by GL events Exhibitions, which drew 25% year-on-year, down to US$28 million. According to the GL events, the growth in GL events Exhibitions was driven by the strong performances in its local market (France) and international markets (Sao Paulo, Aichi, Budapest and Brussels).

GL events also reported its results for the nine months ended 30th September, with revenues of US$1.34 billion, growing 19% year-on-year. The company also released new targets for FY2024, targeting growth in full-year above 10%.

Olivier Ginon, Chairman-CEO of GL events Group, commented, “GL events maintained its momentum in the third quarter of 2024 with an 18% increase in revenue… we are confident that GL events’ annual revenue will grow more than 10% in 2024 compared to 2023, driven by the performances of the Live and Venues divisions. We are also looking forward with confidence to 2025, a year that will benefit not only from favourable biennial effects but also growth of the Anhembi event venue, the addition of new sites and the signature of contracts for major world events.”