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4-Traders Homepage  >  Equities  >  Nasdaq  >  EBay Inc    EBAY


Delayed Quote. Delayed  - 09/30 06:45:56 pm
32.965 USD   +2.06%
09/27 EBAY : Stubhub’s Philadelphia 76ers Ticket Marketplace is Live
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eBay : Stubhub’s Philadelphia 76ers Ticket Marketplace is Live

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09/27/2016 | 12:13pm CEST

StubHub launches a new way to buy and sell tickets with the industry’s first combined primary and secondary ticketing platform

StubHub today goes live with its new ticketing platform that combines primary and secondary tickets in a single marketplace. Launched in partnership with the Philadelphia 76ers for 2016-17 ticket sales, this new platform is an industry-first that unites a best-in-class e-commerce experience for fans with a robust box office solution for the Sixers.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160927005863/en/

StubHub's new Philadelphia 76ers ticketing platform. (Photo: Business Wire)

StubHub's new Philadelphia 76ers ticketing platform. (Photo: Business Wire)

Beginning today, StubHub becomes the Official Ticketing Partner of the Philadelphia 76ers, and fans who want to buy or resell Philadelphia 76ers tickets will visit StubHub.com/Sixers, a team-branded experience powered by StubHub. The new platform is the team’s official ticket destination for fans looking to purchase individual game tickets, and provides a simple, seamless experience for Sixers ticketing needs, including tools to help fans search for and easily purchase 76ers tickets.

“Fans tell us they want the best seats for the best value in the most convenient way, and StubHub’s new ticket marketplace with the 76ers delivers a simple, single destination for buying and selling any type of team ticket,” said StubHub President Scott Cutler. “In building this platform, StubHub created a technologically advanced ticket solution for the team that offers fans the best ticket options to match how they want to see the game, as well as additional services such as parking, bundled into a single transaction.”

The new marketplace for the 76ers was developed by StubHub with a mobile-first mindset, meaning the experience is as easy and dynamic to use on a phone or tablet screen as on a larger laptop or computer. 76ers fans who purchase tickets can look forward to:

  • Increased personalization that recommends the best ticket option based on their search criteria, purchase history and other preferences, and learns as it goes;
  • Shopping cart capabilities that allow a customer to purchase tickets from multiple sellers, as well as options to bundle other services such as parking, in one transaction;
  • Fully-branded Sixers experience on StubHub.com;
  • Season-ticket reselling with barcode integration that offers Sixers season ticket members a fast, simple way to list and sell tickets.

“Technology is at the center of our fans’ lives and it’s important that the Sixers organization leverages technology to better connect our fans with the team,” said Scott O’Neil, Philadelphia 76ers chief executive officer. “With StubHub powering our brand-new ticket marketplace, fans can expect a simple, single destination for all their Sixers ticketing needs, with the security and reliability they expect, and an easy buying and selling experience whether they’re on a small or large screen.”

StubHub and the 76ers worked closely on the development of StubHub.com/Sixers which combines all single game and general public tickets in one seat map view and one listing experience.

The new model also benefits the industry and brings a new level of sophistication to ticketing with:

  • A single destination that combines available primary and secondary ticket inventory together in one seat map, without designating tickets as primary or secondary;
  • Fully-branded partner experience that features the brand front-and-center;
  • Real-time market data that will allow box offices to maximize pricing, while owning and controlling all buyer data;
  • Integration capabilities that enable multi-channel primary and secondary distribution, as well as primary ticketing providers to build into the new platform, giving box offices complete choice for both back office tools and distribution.

The platform also integrates with Spectra Ticketing and Fan Engagement, which will continue to provide the 76ers the box office tools, season ticket member sales, account management and access control that will allow the team to manage its primary ticketing business and connect with its fans as it always has, while taking advantage of the capabilities the new platform has to offer.

“This is an exciting step forward for the 76ers and we applaud their innovative collaboration with StubHub to bring fans this user-friendly experience,” said Dave Butler, CEO of Spectra Ticketing & Fan Engagement. “We are thrilled to power the back office ticketing solution for the 76ers to provide industry-leading account management, access management and season ticket member services to help complement the 76ers and StubHub fan experience.”

StubHub and the Philadelphia 76ers have been partners since 2012, and in February, announced the ticketing platform partnership, in conjunction with Spectra. In May, the long-standing partners elevated their relationship, naming StubHub as the Sixers’ jersey sponsor, marking the NBA’s first official team jersey patch sponsorship announcement in the league’s history.

About StubHub

At StubHub, our mission is simple: help fans find fun. We connect fans with their favorite teams, shows and artists and introduce them to the ones they'll love next. As the largest ticket marketplace in the world, we enable fans to buy and sell tickets to tens of thousands of events, whenever they want, through our desktop and mobile experiences, including our StubHub app for iPhone, iPad, Apple Watch and Android. Offering a superior fan experience at its core, StubHub reinvented the ticket resale market in 2000 and continues to lead it through innovation. Our industry firsts include the introduction of the first ticketing application, the first interactive seat mapping tool and the first live entertainment rewards program, Fan Rewards™. Our business partners include more than 60 teams in MLB, NBA, NHL, MLS and NCAA, AEG, AXS and Spectra Ticketing & Fan Engagement. With the acquisition of Ticketbis in August 2016, throughout the world, StubHub provides the total end-to-end event going experience. StubHub is an eBay company (NASDAQ: EBAY). For more information on StubHub, visit StubHub.com or follow @StubHub on Twitter, Facebook and Instagram or YouTube.com/StubHub.

About Spectra Ticketing & Fan Engagement

Spectra's Ticketing & Fan Engagement division is a leader in ticketing, fundraising, marketing, and analytics solutions with over 35 years of experience. Spectra Ticketing & Fan Engagement enables college athletic programs, arenas, professional sports, and performing arts clients to sell more than 120 million tickets per year.

About the Philadelphia 76ers

The Philadelphia 76ers are one of the most storied franchises in the National Basketball Association, having won three World Championships, earning nine trips to The Finals and making 47 playoff appearances over 67 seasons. The team is owned by an investor group led by Managing General Partner Josh Harris.

© Business Wire 2016
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Financials ($)
Sales 2016 8 946 M
EBIT 2016 2 792 M
Net income 2016 1 872 M
Finance 2016 2 193 M
Yield 2016 -
P/E ratio 2016 20,16
P/E ratio 2017 17,62
EV / Sales 2016 3,83x
EV / Sales 2017 3,64x
Capitalization 36 467 M
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Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 31,7 $
Spread / Average Target -2,0%
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Devin N. Wenig President, Chief Executive Officer & Director
Thomas J. Tierney Non-Executive Chairman
Wendy Jones Vice President-Global Operations
Scott Schenkel Chief Financial Officer & Senior Vice President
Stephen Fisher Chief Technology Officer & Senior Vice President
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