Seatwave, one of Ticketmaster’s secondary-ticketing subsidiaries, has published its financial results for 2014 through Companies House in the UK.
The accounts for Seatwave Ltd reveal that its revenues fell from £7.68m in 2013 to £6.39m in 2014 – a 16.9% decline.
The company’s loss after tax increased from £1.22m in 2013 to £2.17m in 2014, with the company’s shareholders’ surplus of £949.7k at the end of 2013 changing to a deficit of £1.22m a year later. Although by then, Seatwave had been acquired by Ticketmaster in November 2014.
The financial results also reveal that while Seatwave’s average headcount only increased from 59 to 63 between 2013 and 2014, its annual spending on wages and salaries grew from £2.54m to £3.37m in that period.