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How do companies like Ticketmaster handle this? They sell tons of tickets but their revenue comes from the service charges right?
by dopamean 9y ago
How do companies like Ticketmaster handle this? They sell tons of tickets but their revenue comes from the service charges right?
- ProAm 9y agoI wouldn't know, they wanted to charge me to print their financials at home.
- saas_co_de 9y agoSort of hard to tell since Ticketmaster is part of Live Nation and so they don't go into a lot of detail on their financials. http://s1.q4cdn.com/788591527/files/doc_financials/2016/annual/LYV-2016.12.31-10K_FINAL_rev7_hosting-only.pdf http://s1.q4cdn.com/788591527/files/doc_financials/2016/annu... If you look at the Live Nation annual report you will see Ticketmaster reporting revenue of 1.8B (P.34) on 186M fee-bearing tickets sold (P.29). They don't specifically say what the face value of those tickets was but they are almost certainly only reporting their fees as revenue because the average is less than $10 per ticket and their revenue includes other things besides ticket fees.