Why did Blackfriars Theatre bring in more profit than the Globe Theatre?

The Blackfriars Theatre was able to generate higher profits than the Globe Theatre because its smaller capacity was more than offset by the higher ticket prices it could charge.1

While the Globe was an open-air public playhouse that accommodated large audiences at lower prices, the Blackfriars was an indoor, private theatre. Due to its reduced size and exclusive nature, the Blackfriars attracted a wealthier and more learned segment of the public, allowing the company to set higher admission fees. This economic model proved more lucrative, even though the King’s Men continued to operate both venues simultaneously for many years.12