TryBooking has partnered with financial infrastructure platform Stripe to expand its online checkout solution offering. The online community event ticketing platform hopes the partnership will offer further protection for fighting fraud, as well as offering event organisers reliable and optimised payment channels. Event organisers will be able to link their event to their own Stripe …
Eventbrite Q1 revenue improves thanks to increased paid ticket volumes
Event management and ticketing company Eventbrite has said its net revenue for the first quarter of 2022 increased by 101% year-on-year. Net revenue for the first quarter ending March 31 2022 amounted to $55.9m (£44.5m/€53m) compared to $27.8m for the Covid-hit same period the year prior. Gross profit equalled $35.9m compared to $14.1m in the …
Tech Stack: NFTs, investment and more…
Our weekly tech round-up from the world of ticketing and associated industries… NFT ticketing NFT (non-fungible tokens) platform Afterparty has recently closed a $4m (£3m/€3.2m) funding round to bring total capital raised to $7m. The platform is hoping to use the funding to launch an NFT ticketing platform for artists. Investors include celebrity hotel heiress …
Pollen raises $150m in Series C funding
Travel and entertainment technology company Pollen has raised $150m (€140m/£118m) in a Series C funding round. Pollen was founded in 2014 and curates and delivers experiences across the globe, using data and customer insights. It was founded by two brothers, Callum and Liam Negus-Fancey, who use the data to create experiences exclusive to Pollen, as …
Live Nation Entertainment’s Michael Rapino sells $88m worth of shares
Live Nation Entertainment (LNE) chief executive Michael Rapino sold 78,000 shares of the company’s stock in a transaction on Friday, April 22. According to a United States Securities and Exchange Commission Statement of Changes in Beneficial Ownership, shares sold for an average price of $106.41 (£84/€99) with all sales amounting to $8.3m. Rapino now owns …
Strong fourth quarter for SeatGeek caps off ‘record 2021’
Mobile-focused ticketing platform SeatGeek has announced record figures for the fourth quarter of 2021, and has said that its business combination agreement with RedBall Acquisition Corp is set to be completed in May. For the three months ending December 31, 2021, SeatGeek posted a net revenue of $82.5m (£63m/€76m) up from $56.8m in the three …
Capital One adds ticketing rewards feature
US bank holding company Capital One is adding a new feature for its cardholders, which will offer tickets to experiences across sports, music and more. Capital One Entertainment is a new ticketing platform for US cardholders that will allow them to redeem rewards for tickets, which cover more than 500,000 events and experiences. The new …
Positive fourth quarter puts DEAG on track
Deutsche Entertainment AG (DEAG), owner of MyTicket and Gigantic(.com), has revealed a significant boost in revenue during 2021 thanks to a positive fourth quarter and a near-return to pre-pandemic booking levels in key markets such as the UK. Revenue in the fourth quarter rose approximately 82% to help the company reach a revenue of €91m …
Vivid Seats posts positive results in ‘comeback year’
Stan Chia, chief executive of online ticket marketplace Vivid Seats, has called 2021 a “comeback year” after the company released its full-year financial results. Vivid Seats posted revenues of $443m (£336m/€400m) in 2021 compared to just $35m the year prior. Net loss also improved significantly from $774m in 2020 to $19m at the end of …
Key US and UK markets offer Live Nation boost in 2021
Live Nation Entertainment witnessed a significant boost in revenue for the year 2021, thanks to the restart of concerts and live shows in key markets such as the US and UK. In total, revenue amounted to $6.27bn (£4.68bn/€5.62bn) in 2021, compared to $1.86bn in 2020. Across the 12 months in 2021, revenue for concerts came …