Seatwave

Seatwave & GET ME IN! are Ticketmaster’s fan marketplaces, providing a secure and safe platform to buy and sell live entertainment tickets. Dedicated to live event tickets we sell tickets covering everything from concerts, comedy, sport and theatre as well as many others. This means that we can get you into the event that you don’t want to miss out on – even if it has sold out. Our open fan marketplaces allow ticket sellers to list tickets on our platform and for buyers to make informed choices based on transparent information. Like any marketplace, sellers compete with each other, driving the lowest price for consumers. Customers can also be safe in the knowledge that their transactions are always protected by our Fan Guard Guarantee. This is part of our commitment to your customer satisfaction. Ticketmaster, a proud division of Live Nation Entertainment, is the world's leading live event high tech ticketing company selling nearly 455 million tickets each year, supporting over 145,000 events and more than 12,000 clients in 21 countries worldwide. At Ticketmaster, we power the people who create culture through live events, connecting more passionate fans to those experiences than anyone else. We are innovators that embrace change and work hard to help others succeed. We believe in open communication and stress accountability, because fans and clients count on us every day. We strive for ease of use for our clients and fans while seeking out those who have a bias for action versus a desire for directives. Live Nation Entertainment (NYSE: LYV) is the world’s leading live entertainment company comprised of global market leaders Ticketmaster, Live Nation and House of Blues Concerts, LN Media and Artist Nation Management.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2006
Size (employees)
23 (est)
Seatwave was founded in 2006 and is headquartered in London, GB

Key People at Seatwave

Claire Martin

Claire Martin

CFO & COO
Ged Waring

Ged Waring

VP Technology
John Hogan

John Hogan

Director, Product R&D

Seatwave Office Locations

Seatwave has an office in London
London, GB (HQ)
2nd Floor, Regent Arcade House, 19-25 Argyll Street

Seatwave Data and Metrics

Summary Metrics

Founding Date

2006

Total Funding

$53 m

Latest funding size

$17 m

Time since last funding

about 8 years

Investors

Seatwave's latest funding round in June 2009 was reported to be $17 m. In total, Seatwave has raised $53 m

Seatwave Financial Metrics

Seatwave's revenue was reported to be £4.7 m in FY, 2015 which is a 26% decrease from the previous period.
GBP

Revenue (FY, 2015)

4.7 m

Revenue growth (FY, 2014 - FY, 2015), %

(26%)

Gross profit (FY, 2015)

3.4 m

Gross profit margin (FY, 2015), %

72%

Net income (FY, 2015)

(1.7 m)

Cash (31-Dec-2015)

4.2 m
GBPFY, 2013FY, 2014FY, 2015

Revenue

7.9 m6.4 m4.7 m

Revenue growth, %

(19%)(26%)

Cost of goods sold

1.8 m964.2 k1.3 m

Gross profit

6.1 m5.4 m3.4 m

Gross profit Margin, %

78%85%72%

Operating expense total

7.3 m7.6 m5.1 m

Pre tax profit

(1.2 m)(2.2 m)(1.7 m)

Net Income

(1.2 m)(2.2 m)(1.7 m)
GBPFY, 2013FY, 2014FY, 2015

Cash

4.9 m3.4 m4.2 m

Accounts Receivable

98 k252.8 k525.2 k

Current Assets

7.8 m5 m5.4 m

PP&E

100 k26.3 k20.5 k

Goodwill

146 k301.6 k155 k

Total Assets

8.1 m5.3 m5.6 m

Accounts Payable

6 m307.3 k216.1 k

Current Liabilities

7.2 m6.6 m7 m

Total Liabilities

7.2 m6.6 m8.5 m

Retained Earnings

(1.2 m)(2.2 m)(1.7 m)

Total Equity

899 k(1.2 m)(2.9 m)

Financial Leverage

9 x-4.3 x-1.9 x
GBPFY, 2013

Cash From Operating Activities

(4.5 m)

Cash From Financing Activities

4.7 m
GBPY, 2015

Revenue/Employee

98.9 k

Financial Leverage

-1.9 x

Traffic Overview of Seatwave

Seatwave Online and Social Media Presence

Seatwave Company Life and Culture

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