Turnover increases to €79m at company which runs Web Summit  

The latest flagship 2025 Web Summit took place earlier this month in Lisbon

CEO and founder of Web Summit Paddy Cosgrave delivers a speech at the opening ceremony of Web Summit at Parque das Nacoes in Lisbon, on November 10, 2025.Picture: Patricia de Melo Moreira/AFP via Getty Images

A company which runs the Web Summit recorded turnover of €79.2m in 2024, up 30% from the €59.6m recorded a year previously.

The annual report of Manders Terrace Ltd, whose principal activity is developing software and organising events, shows the company had gross profits of €45.8m last year, up from €30.8m in 2023. Manders Terrace Ltd is 100% owned by Proto Roto, which in turn is owned by Web Summitt founder and CEO Paddy Cosgrave.