From a company report in
2000:
Quote:
Ticketing & Transactions
Ticketing revenue was $32.9 million in the fourth quarter of 2000, an increase of 56.6 percent compared to the year ago quarter. Gross transaction value in the fourth quarter for ticketmaster.com was approximately $221.1 million. Ticketmaster.com sold more than 4.5 million tickets in the quarter, representing 26.2 percent of the total tickets sold by Ticketmaster Corporation within the United States, United Kingdom and Canada. For the full year ticketmaster.com sold 19.0 million tickets compared with 10.0 million in 1999, an increase of 90 percent. Gross transaction value for the full year was $864.0 million compared with $445.4 million in 1999, an increase of 94.0 percent. The average convenience and handling charge for ticketmaster.com in the fourth quarter of 2000 was $6.75 per ticket.
That year, they acquired CitySearch, which accounted for most of the other revenue:
Quote:
City Guide & Related
City Guide and Related revenue increased 36.3 percent to $17.5 million in the fourth quarter of 2000 from $12.8 million in the comparable year-ago period. City guide page view traffic increased 80 percent since the fourth quarter last year. Full year page views increased from 215 million to 551 million in 2000, an increase of 156 percent. The Citysearch network of local city guides now covers 49 of the 50 US markets with the highest number of Internet users, according to The Media Audit report.
"At year end, we completed the rollout of the new look and functional design of our city guides which was a key part of our CS21 initiative," said Steven Trepp, president of Citysearch. "Our product momentum is significant as we continue to build the best local site, with deep local information and the best local searching on the Internet. We also have had great success in selling our local premium placements, with as many as 15 categories selling out in multiple markets. And, importantly, all of this progress has been made while we have reduced our operating expense."
Ticketmaster became a part of IAC InteractiveCorp (IACI) after 2003. Their 2003 10k report:
http://www.sec.gov/Archives/edgar/data/1006637/000091205702013057/a2074560z10-k.htm...an interesting blurb from their Competition segment (which I find funny):
Quote:
Accordingly, Ticketmaster competes with the facilities, promoters and other potential clients for the right to distribute their tickets at retail outlets, by telephone and on the Internet.
That year (2001) they phsyically lost about $150 Million, but after tinkering with the numbers they report a gain of $79 M.
So the 2006 10k of IACI is here.In this latest report, they mention that Illinois and California brought lawsuits (2003) against them for upcharging UPS delivery fees, looks like. Check pages 29 and 30.
Here's the rub... I don't see that they break out which division made how much $profit, because they don't have to. It's one of the reasons to gobble up lots of unrelated companies. BUT -- From "Sources Of Revenue:"
Quote:
Our Ticketing segment was the largest financial contributor to our Services sector for the years ended December 31, 2005 and 2004. Our Ticketing business is primarily an agency business that sells tickets for events on behalf of our clients and retains a convenience charge and order processing fee for our services. We sell these tickets through a combination of websites, telephone services and ticket outlets.
The long and short of it (as far as I can make out) is that IACI's Operating Income from Retailing businesses (including ticketmeister) was $282.3 Million for 2005, and Ticketmonster accounted for $218.7 of that, or 77.5%.