Online Ticket Sales Startup Eventbrite Passes $1 Billion In Total Sales

Eventbrite has become the go-to platform for selling tickets online. And it's announcing a major milestone to prove it today: It's sold more than $1 billion tickets in total. For Eventbrite, the milestone also highlights some accelerating growth. It took nearly two years -- from January 2009 to December 2010 -- to go from $100 million in sales to $400 million. But it only took the next 18 months or so for Eventbrite it to more than double that amount and hit $1 billion of total ticket sales. Previously Eventbrite had said that it had doubled the number of events and tickets sold on the platform in 2011. Part of its revenue growth comes from Eventbrite leveraging social networks like Twitter and Facebook. In its announcement, Eventbrite noted that on average, organizers receive an additional $2.52 in ticket sales whenever a user shares an event on Facebook.

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