RunSignup announces strong Q3 2024 performance

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.