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Future Ticketing reports net profit after ticket sales increase

Irish company Future Ticketing has reported profits of more than €250,000 in 2019, following a turbulent year in 2018 that saw losses of €100,000.

The firm, which provides ticketing software to sports, events and attractions, reported a 50% rise in ticket sales to €1.2m in 2019 from €800,000 the year prior, according to the Irish Times.

Future Ticketing’s partners include Connacht Rugby, Punchestown Races, Galway Races, the National Ploughing Championships and Dundee United football club in Scotland.

The company’s total assets grew 80% to €537,000, while net assets rose 159% to €417,000.

Future said, according to the Irish Times, that its successful year marked the start of a “hugely exciting growth phase” for the business as it moved past breakeven to a net profit.

Earlier this week, the firm launched High Court action against the tender process used by Trinity College Dublin to award tourist attraction Book of Kells’ ticketing contract.

The Irish Times reported that Future has “grave concerns” over the tender process, which took place last year and saw it replaced by Ticketsolve. Future has been supplying the attraction’s ticketing system for several years and claims the new firm “has no track record” operating similar systems.

Image: Eoin Gardiner