StubHub saw revenues rise 18 per cent year-on-year during the first quarter of 2017.
In results released by parent company eBay, the ticketing operator brought in $210m (£164m/€196m) during the three months to March 31.
The StubHub division considerably outpaced eBay’s total revenue rise of four per cent to $2.2bn.
Net revenue of $204m was up 15 per cent year-on-year, with international contribution at four per cent, up on the three per cent reported in Q4 2016, and considerably up on the two per cent of Q1 2016. The international growth was aided by the integration of the ticket-selling platform Ticketbis.
However, net revenue was lower than the previous three reporting periods, with the company having announced record figures in Q4 2016.
StubHub drove gross merchandise volume (GMV) of $916m, which was up six per cent on the same period in 2016, but also down on the total sales transactions for Q2, Q3 and Q4 of 2016.
From an operational point of view, eBay noted that during the period StubHub became the official ticket resale marketplace for Major League Baseball teams the Los Angeles Angels and Toronto Blue Jays. It also launched pricing guidance for sellers and panoramic 360-degree virtual view-from-seats for buyers.
“The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core US business,” said Devin Wenig, president and chief executive of eBay, in a statement. “We are on the right path as we continue to evolve our shopping platform for consumers, leverage our technology advantages and market a sharpened eBay brand globally.”
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