Company Overview - StubHub is pursuing an IPO aiming for a valuation of $9.2 billion, transitioning from a secondary market to a direct primary ticket sales platform [1][3] - The company seeks to raise up to $851 million in its debut on the New York Stock Exchange [1][3] Financial Performance - StubHub reported $1.77 billion in revenue for 2024, a 30% increase from $1.37 billion in 2023 [4] - However, profitability has declined, with a loss of $2.8 million in 2024 compared to a profit of $405 million in 2023 [5] - Adjusted EBITDA margins fell from 26% in 2023 to 17% in 2024, and further to 12% in the first half of 2025, below the long-term goal of 35-40% [5] Market Dynamics - The ticketing industry is experiencing a shift, with StubHub aiming to capitalize on the $153 billion primary ticket sales market while facing competition from Ticketmaster [3][9] - Ticketmaster is under scrutiny from regulators regarding compliance with the BOTS Act, which could impact its operations and market position [6][8] Consumer Trends - High-income households are reallocating discretionary spending towards live entertainment, indicating a shift towards an "experience-first" economy [10] - There is a widening gap in demand, with premium events remaining strong while middle-income households are reducing spending [11] - Consumers value reliable digital access, suggesting that platforms providing smooth purchasing experiences are likely to build lasting loyalty [11]

The StubHub logo on a laptop arranged in New York, US, on Thursday, June 13, 2024. StubHub Inc., the operator of ticketing resale platforms StubHub and Viagogo, is preparing for a US initial public offering that could come as soon as July. Photographer: Gabby Jones/Bloomberg `` ```` StubHub Holdings Inc. is hoping to excite investors ahead of its initial public offering with its plan to expand its business selling new tickets for sports and other live events. `` `` The company, which is primarily a marketp ...

Core Insights - SEGG Media Corporation has acquired Concerts.com and TicketStub.com, capitalizing on the growing excitement in the live entertainment and ticketing sectors, particularly in light of StubHub's IPO aiming for a valuation of nearly $9 billion [1][4] Company Strategy - The acquisition of a 51% controlling stake in DotCom Ventures Inc. for $10 million strategically positions SEGG Media to leverage the expanding global live entertainment and ticketing markets, with the secondary ticketing market projected to exceed $4.8 billion by 2030 [2] - SEGG Media is developing an updated platform for Concerts.com and TicketStub.com to enhance user experience and integrate future businesses within its ecosystem, including Veloce and Quadrant, which collectively attract over 500 million monthly views [3] - The global sports ticketing sector is expected to grow at a CAGR of 9.4% through 2032, supporting SEGG Media's strategy of merging sports, entertainment, and gaming to enhance shareholder value [3] Market Positioning - The acquisition aligns with SEGG Media's vision to create an integrated live-entertainment ecosystem that combines ticketing, streaming, and sports media, thereby strengthening its balance sheet and driving revenue growth [4] - The company aims to engage fans through innovative live events and streaming, positioning Sports.com at the center of its global distribution strategy [3]

Industry Disruption Opportunity - On-chain ticketing solutions represent a significant opportunity for disruption in the ticketing industry [1] - The ticketing industry is ripe for disruption [1] Blockchain Technology Adoption - Fully on-chain ticketing solutions are being developed [1] - AVAX currently has live on-chain ticketing solutions with partners like Sports Illustrated [1] Potential for User Growth - On-chain ticketing solutions are believed to be a major unlock for users with crypto [1]

Financial Data and Key Metrics Changes - The company expects strong Q3 performance with double-digit AOI growth anticipated for both Ticketmaster and the sponsorship business [13] - Deferred revenue numbers are strong, indicating a high degree of confidence in fan count and top-line growth [14] - Ticketmaster's deferred revenue increased by 22%, suggesting a shift of approximately $25 million of AOI from the first half to the second half of the year [58] Business Line Data and Key Metrics Changes - Concert segment revenue for the first half of the year increased by nearly $100 million, representing a growth of approximately 30% [56] - Sponsorship growth has been relatively low in the first half but is expected to grow double digits for the full year [57] - Ticketmaster faced headwinds from foreign exchange impacts and lower revenue per ticket in international markets [59] Market Data and Key Metrics Changes - The company sees significant growth opportunities in Latin America, particularly in Mexico and Brazil, where market share is currently small [9][10] - The APAC region, especially Japan, is viewed as a major growth opportunity following a recent acquisition [80] Company Strategy and Development Direction - The company is focusing on expanding its venue portfolio globally, leveraging local expertise to mitigate risks associated with new venue development [52][54] - There is an emphasis on innovation in sponsorship, particularly through festival naming rights and other creative partnerships [41] - The company aims to capitalize on AI to enhance customer service efficiency and improve profitability for event organizers [24] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the concert business, expecting a strong finish to the year despite potential challenges from the World Cup affecting stadium availability [33][36] - The company believes that the global demand for live events will continue to grow, driven by younger consumers eager to attend shows [78] Other Important Information - The company is experiencing strong consumer demand, with record increases in on-site spending observed at events like Lollapalooza [15] - The company is committed to reinvesting cash savings from operational efficiencies into further venue development and growth opportunities [46] Q&A Session Summary Question: Update on Assessa and Latin America strategy - Management highlighted the successful partnership with Assessa and the growth potential in Mexico and Brazil, indicating a strong future outlook for Latin America [9][10] Question: Insights on Concert segment for Q3 - Management expressed confidence in strong ticket sales and deferred revenue, anticipating a robust stadium quarter [14] Question: Ticketmaster's growth outlook - Management reassured that Ticketmaster's growth prospects remain strong, with significant international opportunities and ongoing client additions [20] Question: Impact of AI on Ticketmaster - Management discussed the transformative potential of AI in enhancing efficiency and profitability across various operations [24] Question: Trends in secondary ticketing market - Management noted a positive impact from moving pricing back to the primary market, benefiting both Ticketmaster and concert promoters [30] Question: Venue development risks - Management emphasized the importance of local expertise in venue development, mitigating risks through careful market analysis [52][54] Question: Growth in APAC region - Management identified Japan as a key growth market following a recent acquisition, with plans to leverage this presence to expand further in the region [80]

Financial Data and Key Metrics Changes - The company expects double-digit AOI growth for the year, with concerts for the first half of the year up nearly $100 million, representing a 30% increase compared to last year [55][56] - Ticketmaster's deferred revenue increased by 22%, indicating strong future revenue recognition, although the segment faced $16 million in FX headwinds [58][59] Business Line Data and Key Metrics Changes - The concert segment is experiencing significant growth, particularly in stadiums, with a strong sell-through of shows and increased on-site spending [12][14] - Ticketmaster is expected to see double-digit AOI growth in the third quarter, driven by strong ticket sales and sponsorship business [12][13] Market Data and Key Metrics Changes - The company sees substantial growth opportunities in Latin America, particularly in Mexico and Brazil, where market share is currently low [6][8][9] - The APAC region, especially Japan, is viewed as a significant growth opportunity following a recent acquisition, with expectations of building a strong business presence [77][78] Company Strategy and Development Direction - The company is focusing on expanding its venue portfolio globally, leveraging local expertise to mitigate risks associated with new venue developments [52][54] - There is an emphasis on enhancing sponsorship opportunities, particularly through festivals, which are seen as key assets for brand engagement [40][41] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the concert business, expecting a strong finish to the year despite potential challenges from the World Cup affecting stadium availability [32][34] - The company is confident in the long-term growth prospects of Ticketmaster, citing international expansion and the addition of new clients as key drivers [18][21] Other Important Information - The company is actively utilizing AI to improve efficiency in customer service and operational processes, which is expected to enhance profitability [22][23] - The company anticipates a drop in non-controlling interest (NCI) by approximately $50 million in 2026 due to strategic cash management [44] Q&A Session Summary Question: Update on Assessa and Latin America strategy - Management highlighted the successful partnership with Assessa and the growth potential in Mexico and Brazil, indicating a strong future outlook for Latin America [5][6] Question: Insights on Concert segment trends for Q3 - Management noted strong deferred revenue and a significant increase in stadium attendance, projecting a robust Q3 performance [10][12] Question: Future of Ticketmaster and growth expectations - Management expressed confidence in Ticketmaster's growth, emphasizing international expansion and the addition of new clients as key factors [18][21] Question: Impact of AI on Ticketmaster's growth - AI is expected to enhance efficiency in customer service and operational processes, contributing to profitability [22][23] Question: Venue development risks and learnings - Management stated that venue development is not seen as a significant risk due to local expertise and careful market analysis [52][54] Question: Insights on APAC region and venue growth - Management sees significant opportunities in the APAC region, particularly in Japan, and expects growth from both new and existing venues [77][80]

Onchain Ticketing Solution - Tixbase's onchain ticketing solution has launched on its own custom Avalanche L1 [1] - This launch aims to address major pain points in the ticketing market [1] Company Milestones - Tixbase has officially launched on Mainnet, marking a major milestone [1] - The company's focus moving forward is on growth and innovation within the ticketing space [1]

Financial Performance - Q2 2025 - Marketplace Gross Order Value (GOV) reached $685 million[6] - Revenues totaled $144 million[6] - Adjusted EBITDA was $14 million[6] - Net loss was $263327 thousand[7, 15] Trends and Changes - Marketplace revenues decreased by 33% year-over-year, from $170046 thousand in Q2 2024 to $114478 thousand in Q2 2025[26] - Concert revenues decreased by 37%, from $80803 thousand to $50586 thousand[26] - Sports revenues decreased by 30%, from $51457 thousand to $35818 thousand[26] - Theater revenues decreased by 23%, from $30932 thousand to $23744 thousand[26] Strategic Initiatives - Implemented a cost reduction program targeting $25 million in annualized savings by the end of 2025[8, 17] Capital Structure - 2066 million shares outstanding as of June 30, 2025[19]

Bittersweet moment since I used to be a fan and heavy user of @tokenproof.But the battle of the web3 ticketing business is over and @LumaHQ won this one.Goodbye old friend 👋. https://t.co/Zsd9GpaBrq ...

Core Insights - SEGG Media Corporation has completed the acquisition of a majority stake in DotCom Ventures Inc, valuing the transaction at $10 million, marking a significant step in expanding its digital portfolio in the live entertainment and ticketing sectors [1][2][8] - The acquisition includes the brands Concerts.com and TicketStub.com, which will enhance SEGG Media's offerings in ticket sales, streaming, and fan engagement [2][3] - The global secondary ticket market is projected to grow from approximately $13.5 billion in 2023 to over $19 billion by 2027, indicating a compound annual growth rate (CAGR) of 9% [2] Company Strategy - The acquisition is seen as a cornerstone for creating a unified platform that integrates content, commerce, and live events, with expectations of unlocking significant value across various sectors [2][3] - SEGG Media aims to build a next-generation fan experience by combining its existing platforms with the newly acquired brands, focusing on premium events and smart ticketing solutions [3][8] - The company is actively recruiting industry leaders to scale the operations of Concerts.com and TicketStub.com over the next 3 to 6 months [8] Market Position - SEGG Media now controls three major digital assets: Sports.com, Concerts.com, and Lottery.com, which are expected to have a combined brand value exceeding $100 million [3] - The acquisition positions SEGG Media as a competitive player in the high-growth sectors of sports, entertainment, and gaming, with a strategic focus on revenue generation across digital and live formats [3][4] - The board and shareholders of DVI approved the acquisition primarily for stock in SEGG Media, reflecting confidence in the company's growth potential and market valuation [4]