News - 25/04/2017

StubHub does great in Q1 2017

StubHub does great in Q1 2017

StubHub’s turnover grew 18% in the first three months of 2017: revenues topped US$210 million, aided by “strength in international markets with the integration of the Ticketbis acquisition“, as well as new secondary ticketing agreements with the Los Angeles Angels and Toronto Blue Jays, while the value of sales, or gross merchandise volume (GMV), grew 6% year on year to $916m.

As a whole, parent company eBay increased revenue 4%, to $2.2bn, and GMV 2%, to $20.9bn.

The business model of StubHub, the world’s largest resale site, is increasingly moving towards the less controversial primary ticketing sector, with the company earlier this month signing a major primary deal with Brazil’s Rock in Rio.

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