How Much Did StubHub Sell For?

What happens if StubHub tickets are fake?

If you ever get to an event and the ticket you purchased via StubHub is invalid or fake, don’t leave or buy a last minute ticket without calling StubHub first.

In any case where a seller fails to provide valid tickets, we hold them 100% liable.”.

Is StubHub guaranteed?

“If you buy tickets on StubHub to an event that is canceled, you are covered by our FanProtect Guarantee. When an event is canceled, you will receive a StubHub coupon worth 120 percent of your original order.

Who has higher fees TicketMaster or StubHub?

TicketMaster Vs StubHub- Fees and costs StubHub charges 10% for buyers and 15% for sellers. Listing and searching for tickets are free of charge though. For instance, if you want to buy a ticket worth $100, you will pay $110, while the seller will get $85. TicketMaster has more sophisticated fees.

Who owns Ticketmaster?

Live Nation EntertainmentTicketmaster/Parent organizations

Why do StubHub pay after the event?

In early March Stubhub changed their payment policy to pay sellers 5-8 business days AFTER the event occurs. If the event is rescheduled then you will be paid 5-8 days after the event occurs. If the event ends up being cancelled then you will not be paid and you receive your refund from where you bought your tickets.

What companies does eBay own?

Below the eBay search box you will find tabs for three additional eBay-owned selling services — Motors, Express, and Stores.eBay Motors. … eBay Express. … eBay Stores. … Other eBay Companies. … Half.com. … Kijiji. … MicroPlace. … PayPal.More items…

Who bought eBay?

AdevintaAdevinta buys eBay’s classifieds unit in $9.2 billion deal.

How does Live Nation make money?

In 2019, live event specialist Live Nation generated a total of 11.55 billion US dollars in revenue, up from 10.79 billion a year earlier. Of this revenue generated in 2019, over 1.54 billion U.S. dollars came from ticketing revenue and 9.43 billion U.S. dollars was generated through concerts.

What percentage does StubHub take?

15%“It is free to list tickets for sale, and to search for tickets to buy on StubHub. On each completed transaction, the buyer pays a 10% fee, and sellers are charged a 15% fee. For example, on the sale of a $100 ticket, the buyer would pay $110. The seller would net $85.”

Is StubHub owned by TicketMaster?

EBay has owned StubHub since 2007, when it bought the business from Messrs. Baker and Fluhr for $310 million. … Ticketmaster, the largest ticket seller, has been expanding its resale business, too. The secondary ticketing market overall, meanwhile, has been contending with a more-aggressive primary ticketing market.

How does StubHub make money?

StubHub charges buyers and sellers a fee for every ticket sold. … While there are no fees for listings tickets on the site, StubHub charges buyers a 10 percent fee on what they pay for the ticket, which has a minimum of $5, while also taking a roughly 15 percent commission on the price from sellers.

Does eBay still own StubHub?

The next year, eBay acquired StubHub for $310 million.

Is Ticketmaster losing money?

Third-quarter revenue was about $154 million in 2020 compared to over $3 billion in 2019, with the company — which operates both Live Nation and Ticketmaster — reporting a $173 million loss for its concert business and a $142 million loss for ticketing.

Is NBA losing money?

The NBA’s revenue dropped 10% to $8.3 billion for the 2019-20 season amid losses because of the coronavirus pandemic, according to financial numbers shared with teams and obtained by ESPN.

Why are StubHub fees so high?

The fees essentially are the money that StubHub receives for providing a service to the customer (buyer or seller, there are fees on both sides). This is to pay for fraud protection, integrations with partner’s ticketing systems, operational costs ,and to obviously profit.

Why are StubHub tickets so cheap?

Yes they do. You just have to give it time and keep checking back. Typically, as the event date gets closer, ticket holders selling on the StubHub marketplace will lower their prices so as to get rid of the inventory of tickets they have, for better to make money at a cheaper rate than to completely lose your profit.

What company owns StubHub?

ViagogoStubHub/Parent organizations

Is StubHub safe to sell tickets?

Is it Safe to Buy Tickets on StubHub? In a word, yes. The company is entirely legitimate and has the rights to sell or resell all the tickets on its website. As it is owned by eBay, it has the financial backing of one of the world’s largest companies.

How do I avoid fees on StubHub?

Members of Ticket Club get the same tickets to the same events – without the massive fees charged by StubHub. It’s normally $49.99 for the first year, but we’re giving away one-year memberships for free as a special promotion. Once you join, you’ll never want to use StubHub again.

How much did eBay buy StubHub for?

viagogo to Provide Additional Flexibility and Resources to StubHub to Further Drive Scale, Global Reach and Innovation. eBay Inc. (NASDAQ: EBAY) and viagogo today announced they have entered into a definitive agreement for eBay to sell StubHub to viagogo for a purchase price of $4.05 billion in cash.

How many employees does StubHub have?

1,500 employeesStubHub has 1,500 employees and is ranked 2nd among it’s top 10 competitors.