Secutix, a provider of digital solutions for the events industry, has partnered with Adyen, a financial technology platform, to launch in-house payment solution S-Pay. S-Pay is centralised system offering end-to-end ticket payment processing for every sales channel and payment method, supported by Adyen. Secutix has opted to utilise the fintech company’s Adyen for Platforms solution …
Vivid Seats wraps up first full year as public company with increased revenues
Vivid Seats wrapped up 2022 with a 35% increase in revenues, as well as an improved net income compared to a COVID-19-interrupted 2021. The ticketing exchange and resale company posted $600m (£500m/€563m) in revenues across 2022 compared to $443m the year prior, while marketplace GOV amounted to $3.2bn compared to $2.4bn in 2021. Net …
Live Nation posts strong Q2 results
Live Nation Entertainment has posted a strong Q2 with a solid 40% increase in revenue to hit $4.4bn (£3.62bn/€4.3bn) compared to $575m in Q2 last year. Concerts revenue amounted to $3.5bn while ticketing brought in $575m. Sponsorship and advertising brought in $263.8m while other eliminations amounted to a loss of $2.7m bringing the total to …
Record Third Quarter for Vivid Seats
Ticketing marketplace Vivid Seats has announced a successful third quarter, after posting revenues of $139.5m (£104m/€123m), up from just $7.1m during the same period in 2020. Revenue for the three months leading up to September 30 came in at $139.5m, as events returned following the COVID-19 pandemic and consumers having more confidence in purchasing tickets …