RunSignup Reports Strong Growth and Market Expansion in Q1 2024 Update

April 5, 2024

Moorestown, NJ – April 5, 2024 /ENDURANCE SPORTSWIRE/ – RunSignup, the leading registration and technology provider for endurance events in the United States, has released its first-quarter business update, showcasing significant growth and market expansion across all business segments. RunSignup’s employee-owned company continues to capture market share in the endurance events sector, with an expected 50% market share in the US within the next year. The company’s continued success is driven by its continuous release of innovative technology solutions, competitive pricing, and commitment to customer satisfaction.

Key Highlights:

1. Endurance Event Participation: Participation in endurance events surged by an average of 8% compared to the previous year, indicating a significant uptick in the industry’s growth trajectory.

2. Transaction Volume Exceeds Expectations: Transaction volume surpassed expectations, with a 17% increase compared to projected figures, which is above plan due to the surprising 8% growth in participation rates. This performance enables RunSignup to maintain competitive pricing and compensation to employees.

3. Market Share Expansion: RunSignup continues to capture market share in the endurance events sector as 13,530 races had registrations on the RunSignup as their platform just in Q1, up 14%. This increase puts the company on pace to approach 50% market share in the US within the next year.

4. Growth in GiveSignup Peer to Peer Events: The GiveSignup business segment experienced significant growth, with notable new customers which resulted in the platform experiencing a 15% increase in donation volume.

5. TicketSignup Achieves Rapid Growth: TicketSignup, RunSignup’s emerging ticketing business, experienced growth of 90% in Q1. The growth is attributed to factors such as RunSignup customers transitioning to TicketSignup for known and superior technology and reasonable pricing, as well as strategic missteps by Eventbrite.

6. Technological Advancements: RunSignup continues its commitment to technological innovation with a record 650+ releases in Q1. Notable advancements include the introduction of a new Membership Product, early release of the patent-pending MultiDay Timed Entry (MTE) Ticketing capability, fundraising and donations innovations, integrations with third parties, and enhancements to the Image Gallery for Websites and Email.

7. Stability and Profitability: The company’s strong performance underscores its stability and profitability, enabling it to retain talented employees and maintain competitive pricing. RunSignup employee-owned company represents a combined 392 years of longevity within the company, ensuring continuity and ongoing improvement of its software offerings.

Commenting on the quarter’s performance, Bob Bickel, Founder and CEO of RunSignup, said, “We are very happy with the strong start to the year, which reflects our commitment to providing cutting-edge technology solutions for events. Our focus on innovation, coupled with our dedication to customer success, has positioned us for continued growth and market leadership.”

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 8 million annual participants, raise more than $2.4 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 tools. 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.