Litigation Impact On SupplyOngoing antitrust or regulatory litigation could limit brokers' ability to buy primary tickets, shrinking the pool of inventory available to resale platforms and pressuring supply and sales.
Marketing And Demand UncertaintyCuts to marketing spending and shifts in the timing or concentration of major tour on-sales could slow user acquisition and disrupt recent market share momentum, creating near-term revenue pressure.
Regulatory RiskPotential new rules in the UK and tougher consumer-protection actions in the US could cap mark-ups or service fees, which would directly reduce fee revenue and weigh on gross transaction volume.