5/28/2023 0 Comments Ticketing services like eventbrite![]() "These competitors may be better able to undertake more extensive marketing campaigns and/or offer their solutions and services at a discount to ours," Eventbrite said in the risk factors section of the prospectus.įacebook and Spotify are key distribution partners for Eventbrite, which creates additional risks when those platforms make certain changes. Additionally, Eventbrite says that it could face competition from large internet companies like Facebook, Google and Twitter. In 2017 it spent $10.4 million on these creator signing fees, up almost 51 percent year over year.Įventbrite has a wide range of competitors, from large ticketing companies like Live Nation, which owns Ticketmaster, to personal invitation providers such as Evite and Paperless Post. As a result, Eventbrite recorded a $6.6 million liability for potential costs associated with the incident, almost all of which was a reduction in revenue.Įventbrite sometimes pays fees to encourage creators to release tickets through its service, sometimes exclusively. Eventbrite disabled the service briefly in order to "contain the risk" of the event. In June Eventbrite disclosed that a hacker had gotten a hold of Ticketfly data. ![]() Net revenue in 2017 increased an additional $27.5 million as a result of the acquisition of Ticketfly and another company, Ticketscript. To jump deeper into music festivals and large events, Eventbrite acquired Ticketfly from Pandora last year for just more than $200 million. For all of 2017, losses totaled $38.6 million on $201.6 million in revenue, which represented 51 percent sales growth from the prior year. Revenue increased 61 percent to $142.1 million. The company reported it had a $15.6 million loss in the first half of the year. Last year more than 203 million tickets were issued through the service. Eventbrite is poised to jump into a growing pool of tech companies to hit the market this year, including consumer companies Spotify and Dropbox and business software providers DocuSign, Zuora and Domo.Įventbrite generates revenue by charging creators for the tickets people buy to attend events.
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