Fan-to-fan ticket exchange Seatwave has won the fastest growing company and best management categories at the 2009 Media Momentum Awards.
The announcement in London coincided with the release of the 2009 Media Momentum Top 50 league table, which recognizes digital media companies with the fastest growth in Europe. Seatwave topped this list after reporting a rise of 2,203% in revenue over the past three years.
“We’re really honored to be included in this year’s list of fast growing companies and were totally surprised by the wins,” said Joe Cohen, founder and CEO of Seatwave, in a statement. “The Seatwave team continues to stay focused on providing a great service for buyers and sellers – so it’s nice to also pick this type of external recognition.”
The news follows recent figures from comScore that showed a 287% year-on-year growth for March 2009, with 1.9 million unique visitors. With a further 1.9 million unique visitors in April, Seatwave remains Europe’s leading ticket exchange service.
Analysis by Media Momentum of this year’s top 50 league table shows a rise in company revenues from €380 million ($520 million) in 2008 to €1.1 billion ($1.5 billion) in 2009.
“The Media Momentum Top 50 league table has become a key barometer for the health of the digital sector and this year’s impressive results reaffirm the importance of the industry to both the U.K. and E.U. economy,” said Manish Madhvani, partner at award sponsor GP Bullhound, in a statement.
Ad-funded free music streaming service Spotify was the only music-related company to be included in Media Momentum’s new Ones To Watch list, created to highlight new companies with potential for success in the digital marketplace.
