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| Ebay Profits Up - Stubhub and PayPal Key |
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Ebay's marketplaces business – which includes eBay.com, Shopping.com, StubHub, Kijiji and other e-commerce sites – had $1.5 billion (€1.06 billion, £926.8 million) in revenue for the fourth quarter, a 15 percent increase. Marketplaces currently have 90.1 million customers, up from 89.2 million last quarter, and up from 87.7 million last year. International sales accounted for 60 percent of Marketplaces revenue for the quarter.
On StubHub, ticket sales were up 54 percent from last year, said chief executive officer John Donahoe, during a conference call with analysts. Donahoe pledged to increase innovation, particularly in the mobile space. The company's iphone app has been downloaded almost 7 million times. Click here for Donahoe's conference call in full Related Articles: Live Nation, Ticketmaster profits take a hit due to Proposed Merger
Live Nation and Ticketmaster
Entertainment Inc. both stated that their earnings were hurt by
costs related to the proposed deal, which is expected to continue into 2010 as
regulators examine antitrust issues.
German Concert Industry Blames A-list Performers for Falling Profits Concert promoters in Germany are complaining that they are being
squeezed for profits by international superstar acts. The outcry comes as
figures show a 7% drop in live entertainment ticket revenue for Germany,
the first such decline in 10 years.
Paolo Nutini fans furious at Ebay ticket mark ups for King Tuts gig EBay marketplace sellers have cashed in on a Paolo Nutini gig by buying up £25 tickets and putting them on eBay for £400. Fans are angry and upset as around 300 tickets went on sale, through Ticketmaster, this week but sold out within minutes. Many were snapped up by touts.
London Theatre Profits with Music Musical theatre is booming in London. Last year box office revenues topped £500m (€567m) for the first time and audience totals hit a new record of 14.2m, up 5.5pc, with musicals accounting for almost £329m (€445m) of the revenue and 8.6m customers. Box office receipts have continued to grow... Stubhub Now The Official Secondary Ticketing Partner For 16 NCAA University Properties StubHub, the world's largest ticket marketplace, announced today that
it
will be adding two new major college athletic programs to its
partnership roster, facilitated through an existing partnership
with ISP
Sports. Effective July 1, 2010, StubHub will become the... Stubhub and Paciolan Ink Partnership Deal - Primary and Secondary Ticket Markets Sportsbusinessjournal.com is reporting that Paciolan and StubHub have inked a partnership in which StubHub’s secondary ticketing functionality is
offered with Paciolan’s primary ticketing systems for an impressive roster of American college football and
basketball teams.
When the...
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Ebay on
Wednesday reported a 16 percent revenue growth from last year, an increase it
attributed to gains in PayPal and its US ticket marketplace, StubHub.