The Žalgiris Group strives to be a driving force in shaping Lithuania’s sports and entertainment landscape - fostering momentum through meaningful experiences, fan engagement, wellness programs, social initiatives, and measurable economic impact. This report analyzes Žalgiris Group’s impact on Kaunas and the wider Lithuanian economy in 2024. It assesses not only financial results but also effects on quality of life, community well-being, and Lithuania’s national and international reputation, highlighting the group’s broader cultural and economic role both for Kaunas and Lithuania.
Žalgiris Events, 2024
Žalgiris Group Strengthens Kaunas’ Cultural and Sports Scene In 2024, Žalgiris Group hosted a total of 203 events, attracting over 932,000 attendees across sports, concerts, and other large-scale events. The majority of visitors came for basketball and concert events, with EuroLeague games alone drawing more than 269,000 fans. These figures highlight Žalgiris Group’s role as a key driver of cultural and sporting engagement in the region. Info source: Žalgiris internal data
Events in total
Organized by Žalgiris
Hosted by Žalgiris
Attendees in total
| Event type | Amount of events | Attendees |
|---|---|---|
Basketball EuroLeague | 19 | 269 029 |
Basketball LKL | 42 | 112 627 |
Concerts | 68 | 383 648 |
Football | 21 | 11 779 |
Other sports | 21 | 47 803 |
Other events | 32 | 107 414 |
Žalgiris – the heart of Lithuanian basketball
Žalgiris attracts a diverse audience that is comprised of Kaunas citizens, visitors from different parts of Lithuania, and international guests. Info source: Kantar 2023 *The share of attendees coming from a county corrected by that county's population.
Share of visitors, Kantar, 2023

Fans not from home county

Žalgiris Kaunas
73%

Jonava
44%

Šiauliai
29%

Neptūnas Klaipėda
26%

Lietkabelis Panevėžys
23%

Rytas Vilnius
21%
Reputation engine for Kaunas and Lithuania
More than 18 000 articles were published mentioning Kaunas in combination with Žalgiris in one year, more than 10 000 of all articleas were in international media. Because of Žalgiris, Kaunas in total got 51 billion impressions in one year, 28,7 billion of them from non-Lithuanian sources. Info source: Agility PR Solutions Monitoring Tool (March 1, 2024 - March 1, 2025)
of total Kaunas mentions in international media is due to Žalgiris.
mentions of Kaunas covered in international traditional media due to Žalgiris activities.
international media impression of Kaunas due to Žalgiris activities.
Media LKL
In 2024, Žalgiris had more impressions in the media than all the other LKL teams combined. Žalgiris had three times more media impressions in 2024* than all the other LKL teams combined (Žalgiris – 63,8B, others – 20B) Info source: Agility PR Solutions Monitoring Tool (March 1, 2024 - March 1, 2025)


32 518


4 332


4 300


2 517


1 851


1 552


1 405


1 386


954


428


63,9B


5,5B


4,4B


1,5B


1,3B


1,1B


1,0B


0,97B


0,58B


0,24B


80%


57%


48%


34%


10%


8%


5%


5%


0.4%


0.4%
Powerful economic contributor
Žalgiris is not only a leading sports and entertainment brand, but also a significant economic engine for Kaunas and Lithuania. By attracting large volumes of visitors to EuroLeague and LKL games, concerts, and other events, the group stimulates spending on hospitality, transport, accommodation, and leisure services well beyond the arena itself. Because a substantial share of attendees come from outside Kaunas - including from abroad - this spending represents real inflows to the local economy rather than simple redistribution.
for every €1 spent on Žalgiris, the economy gains €3,37
Restaurants
Bars & cafes
Accomodation
Transport
Entertainment
Nightlife
of the people outside of Kaunas came to Kaunas specifically for the events
The Zalgiris Group generates €35 million in revenue.
Kaunas residents attending events in Žalgiris arena or stadium contribute an additional €28 million.
Visitors from other parts of Lithuania attending events in Kaunas generate €53 million in added value.
Although the share of foreign visitors is relatively small, they still contribute an additional €23 million to the economy.
Total
138 million added value
Source: external visitor's survey data (2025), internal Žalgiris event attendance data (2024), and publicly available economic datasets (Official Statistics Portal-https://osp.stat.gov.lt/). *The economic multiplier was calculated by dividing the total annual revenue by the total added value generated within the same year (2024).
We analyzed past data and 2024 results to project key statistics for the next five years, using historical trends and inflation adjustments to forecast future performance.
Žalgiris 2024 added value
Žalgiris 2020-2024 added value
Žalgiris 2025-2029 added value
€37M
€37M
€37M
2020
€35M
€35M
€35M
2021 COVID-19
€71M
€71M
€71M
2022
€113M
€113M
€113M
2023
€138M
€138M
€138M
2024
€152M
€152M
€152M
2025
€156M
€156M
€156M
2026
€160M
€160M
€160M
2027
€164M
€164M
€164M
2028
€168M
€168M
€168M
2029

