Welcome to the third quarter earnings call of CTS Eventim. My name is Marco Haeckermann, and I'm going to present the third quarter, followed by a Q&A session. So let's go.

The headline for the Q3 result is very clear. We are leaving the noise of Q2 behind, and we are talking about strong signals we've seen in Q3. Ticketing has posted positive like-for-like growth in the third quarter. Adjusted EBITDA margin in the segment is up by more than 200 basis points despite ongoing integrations from See Tickets and France Billet. The development in Ticketing is backed by very strong organic margin growth in the third quarter year-over-year.

Live Entertainment returned to growth in the third quarter after a muted Q2. Adjusted EBITDA margin is up by more than 100 basis points in Q3 year-over-year, and our venue operations delivered on prior year's level.

We've seen a positive financial result in the third quarter of a little bit more than EUR 2 million versus a negative result of around EUR 0.5 million in Q3 last year. And putting all this together gives us enough confidence to again confirm what we've said already in August when we released the half year results that we confirm