Music events boost Ticket2Me’s revenues

More live music events helped Asia-facing start-up Ticket2Me record an increase in revenue of 229.4% in 2019, shifting almost 80,000 tickets throughout the year.

The firm, which has offices in Singapore and Manila, increased individual ticket orders by 625.4% year-on-year in 2019, and saw a 90% rise in clients.

Ticket2Me recorded 3,021 events on the platform across several categories, up from 1,005 in 2018. The biggest boost in Ticket2Me’s 2019 events was a 90% increase in music events, with several major concerts and festivals coming onboard.

Theatre and comedy shows, spoken word, and other live performances accounted for almost 60% of the company’s events in 2019, up by 89% from 2018, while business and community events also grew by 82%.

Ticket2Me founder and chief executive, Darwin Mariano, said: “I’m very proud of what the Ticket2Me team has accomplished so far and our 2019 performance reinforces my belief that the Philippines is ready and hungry for a fully-digital, paperless and future-focused event ticketing platform.

“We’ve seen older competitors adjust their practices and pricing as a result of our entry into the market and we’re seeing newer entrants come in as well—all proving that the potential for the event ticketing industry in the Philippines and the region remains quite substantial.

“We’re very excited for 2020 as we prepare new businesses including the restaging of Maxie the Musical in July and the opening of the Ticket2Me office in London later in the year.”