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Eventbrite hits new milestone: $2B in tickets sold

Half of all sales have come in the last year

Technology trends and news by Faith Merino
September 25, 2013 | Comments
Short URL: http://vator.tv/n/322a

Eventbrite is only getting hotter. Just six months after reaching a milestone of $1.5 billion worth of tickets sold, the company announced Tuesday that it has reached the big $2 billion mark—which means a full quarter of its sales has come from the last six months alone.

Eventbrite attributed its rapid growth to two things: international expansion and category growth. The platform is localized in 14 countries and seven languages, and was used by organizers in 179 countries over the last year. Additionally, Eventbrite raised $60 million earlier this year from T. Rowe and Tiger Capital to fuel its international push with the acquisition of Latin American event platform Eventioz, and UK-based event data company Lanyrd.

In terms of category growth, Eventbrite says it has made pushes into key event areas, including music, festivals, endurance sports, and conferences. Examples include Tough Mudder, Disco Donnie Presents, Tribeca Film Festival, and Governors Ball.

“This accelerated growth and global adoption signifies the universal need for a simple, yet robust, platform which helps organizers sell tickets and promote their events,” said Eventbrite co-founder and President Julia Hartz, in a statement. “Our extensive experiences helping organizers with millions of events informs the choices we’re making today. We remain laser focused on building our team and platform to provide the best innovation for organizers, large and small—and are ready to put even more power into our global presence.”

To support its growth, Eventbrite recently made a number of key hires, including CFO Mark Rubash, VP of Strategy Randy Befumo, and VP of Business Development EMEA Limvirak Chea. The company now has 300 employees in three offices worldwide.

Founded in 2006, the company has sold 130 million tickets altogether.

Eventbrite has been on a steady upward trajectory over the last several years, but it seems to have seen a sharp uptick in the last year. It sold 36 million tickets altogether in 2012 with gross ticket sales reaching $600 million, compared to $360 million in 2011 and $207 million in 2010. In 2011, the company sold 20 million tickets and 11 million in 2010.

Eventbrite hit its first $1 billion in total ticket sales just last June, which means half of all ticket sales have come from the last 15 months of the company’s seven-year lifespan.

In April, Eventbrite raised $60 million, bringing its total raised to date to $140 million. 

 


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