Eventbrite Sells 50 Millionth Ticket

Sites include eventbrite.com . Published on March 6th, 2012. Written by Anthony West.

Things are looking up for Eventbrite, the six year old online ticketing company. The company issued its 50 millionth ticket recently, and by all accounts 2011 was a bumper year. Over 40% of those tickets were sold in 2011.

Driving the high surge   ticket sales was the expansion made in terms of listed events, and the development of its offerings across several verticals. The company also pumped new funding into expanding its employee base—even opening an office in London.

This fresh outlook has attracted the attention of some big name event promoters and acts. Black Eyed Peas used Eventbrite to distribute tickets last year and other promoters including the Governor’s Ball Music Festival are now using Eventbrite.

That Eventbrite managed to do so well in 2011 could be seen as sign of economic recovery; after all, if people are splashing out to see the Black Eyed Peas, they must certainly have all the essentials taken care of—you know, like food, the rent and such. If this level of activity continues, Eventbrite will benefit even more. Such a surge in ticket sales will lead to the inevitable call for an IPO. In fact, the rumblings for such a step are already occurring.

It will be interesting to see how things develop in the coming months with Eventbrite.

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