Ticketmaster NZ profit climbs 59% as renamed Spark Arena boosts revenue

Mon, 10 Jul 2017

By Rebecca Howard July 10 (BusinessDesk) - Ticketmaster New Zealand's annual profit rose 59 percent in 2016 as the booking agency benefited from increased revenues generated by the 12,000-seat Vector Arena, now renamed Spark Arena. Net profit rose to $2.12 million in calendar 2016 from $1.33 million a year earlier as operating revenue climbed by 50 percent to $31.5 million, financial statements lodged with the Companies Office show. The accounts cover Ticketmaster and its controlled entities Live Nation NZ, EVENZ, NZ Venue and Event Mana...

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