Latest News

Back to Latest News back

 

Ticketmaster prepares for sales integration with Apple Pay

Ticketmaster prepares for sales integration with Apple Pay
May 6, 2019

Ticketmaster is gearing up to integrate Apple Pay into its website and ticketing app later this year, according to Apple Chief Executive Tim Cook.

Speaking during the announcement of the technology giant’s quarterly earnings, Cook advised that Ticketmaster will soon allow customers to purchase tickets to events using Apple’s mobile payments platform.

Apple Pay is also reportedly still looking to expand throughout sporting venues, with American football league the NFL planning a rollout in time for the 2019 season.

Ticketmaster’s parent company Live Nation has also advised of a 17% revenue increase to US$1.7 billion to its concerts and sponsorship segments’ record first quarters.

The live entertainment giant’s financial results for the three months to 31st March show a strong start to 2019 with adjusted operating income (AOI) hitting US$115 million, its highest first-quarter figure ever.

Concert fan attendances were up 22%, with tickets sold for 2019 reaching over 49 million, a rise of five% through mid-April.

This led to concert revenue increasing 27%, operating loss improving by seven%, and the firm delivered its first positive AOI first quarter in our concerts business.

Ticketmaster delivered its fourth highest transacted fee-bearing gross transaction value (GTV) quarter ever, trailing only first quarter 2018 and fourth quarter in both 2017 and 2018.

Commenting on the results, Live Nation President Michael Rapino stated “all of our key indicators speak to continued strong consumer demand for our concerts – our attendance growth in the first quarter, acceptance of market pricing, and solid sales for upcoming shows.

“With the combination of this near-term view plus concert ticket sales for the year, sponsorship commitments, and the continued success of the Ticketmaster platform, we expect that Live Nation will deliver double-digit operating income and AOI growth for the full year.”


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

THE FITNESS GENERATION

The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Technology / Wellness

 
 
 

PAYSMART

Headquartered in Brisbane with an Australia-wide network of satellite offices, PaySmart is one of Australia’s largest and longest-standing direct debit billing companies. In 1996 we began…

read more

Access / Billing / Fitness / Technology

 
 

CENTAMAN

Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…

read more

Access / Billing / Fitness / Technology / Ticketing

 
 

INTELLIGENZ

Recreation Management Software for managing all your program registrations, facility bookings, membership pass sales and Point of Sale; including detailed reporting, automated customer communication…

read more

Access / Billing / Finance / Marketing / Technology

 
 

PathMinder

PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…

read more

Access / Fitness / Recreation / Security

 
 

GreeneDesk

Track. Engage. Retain GreeneDesk is a suite of cloud based software solutions helping health clubs, leisure centres and swim schools to effectively track progression, improve customer engagement and…

read more

Aquatics / Billing / Education / Fitness / Technology

 
 

PRIAVA

About Priava's Technology -  Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…

read more

Attractions / Billing / Entertainment / Events / Technology

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business