2024 Set to Be a Record-Breaking Year with 8% Participation Growth
Moorestown, NJ – October 8, 2024 – RunSignup, the leading technology provider for endurance events, peer-to-peer fundraising, and ticketing, released its Q3 business update. RunSignup continues to demonstrate strong market indicators with impressive results for the third quarter of 2024. The employee-owned company experiences continued growth and leadership in the event technology space.
Key Q3 Highlights:
● Endurance Participation Growth: Event participation is up 8% year-over-year, marking the first real growth in the endurance industry in several years. This led to a 22% increase in overall transaction volume for RunSignup, outpacing the company’s projection of 12%.
● Market Share Gains: RunSignup has continued to expand its market share in the endurance sector, aided by competitors closing and higher pricing. RunSignup now anticipates reaching 50% U.S. market share in 2025.
● Peer to Peer (P2P) Donations Increase: RunSignup’s GiveSignup P2P fundraising platform saw Q3 donations increase by 25%, with a record-breaking $11 million raised in September.
● TicketSignup Surge: TicketSignup, the company’s rapidly growing ticketing platform, saw a 50% increase in Q3, driven by a strong fall season for event organizers. The platform is expected to represent 8% of the company’s total transaction volume in 2024.
Transaction Breakdown:
● Registrations: 73%
● Donations: 15%
● Tickets: 8%
● Other (Membership, Add-ons, etc.): 4%
Technology Advancements: RunSignup’s success is rooted in its cutting-edge technology platform, with over 600 new feature releases in Q3 alone. Key advancements include:
● RaceDay Real-Time Beta: Using RaceDay Scoring as the middleware for real-time race updates of chip-timed alerts in RaceJoy and TXT. This enables timers to offer live notifications to participants and spectators.
● Patent-Pending MultiDay Timed Entry: Designed for events with timed admissions like haunts, zoos, and museums, this feature promises to revolutionize the ticketing industry.
● Peer-to-Peer Enhancements: New features for GiveSignup include charity leaderboards, team highlights, and better offline donation management, all of which contributed to record P2P fundraising in September.
● Membership and Website V2: The platform continues to innovate with enhanced membership management tools and an innovative new website builder for event organizers.
Continued Reliability: RunSignup remains committed to platform stability, boasting an impressive uptime record with only 6 minutes of downtime in 9 years. In Q3, its infrastructure supported record transaction volumes with minimal server utilization, underscoring the company’s commitment to reliability.
“We’re excited to see the growing adoption of our products across endurance, peer-to-peer fundraising, and ticketing,” said Bob Bickel, Founder and CEO of RunSignup. “Our continued growth, driven by our focus on delivering real value through technology, positions us for long-term success. We remain committed to providing the tools our customers need to grow their events and fundraising efforts.”
As RunSignup looks to the future, its employee-owned model ensures long-term stability and innovation, creating a lasting impact for its customers and the broader endurance and event technology industry.
About RunSignup
RunSignup, an employee owned company, is the leading event solution delivering the art of technology to endurance events and nonprofits. More than 28,000 events use our free and open platform to register 9 million annual participants, raise more than $2.8 Billion and grow their events. Our expertly crafted, open and all-in-one solution powers event revenue generation and supporter engagement through flexible registration, free event websites, free email marketing, integrated fundraising, and a suite of RaceDay Real-Time products. No subscriptions, no plans, no monthly fees.
To find out why customers like the Richmond Marathon, American Cancer Society, Vacation Races, and RaceDay Events use RunSignup, visit www.runsignup.com.
