Vivid Seats

Vivid Seats, Inc. operates as an online ticket marketplace, which engages in the provision of different selections of events and tickets in North America. It operates through the following segments: Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and ticket sellers. The Resale segment acquires tickets to resell on secondary ticket marketplaces, including its own. Its partners include Caesars Entertainment, RollingStone, Marriott Bonvoy, Capital One, American Airlines and others. The company was founded in 2001 and is headquartered in Chicago, IL.

Earnings data Q3 2021

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Vivid Seats excels in 2022, anticipates sustained growth challenges in 2023

Vivid Seats anticipates a Marketplace GOV of $3.0-$3.3 billion, revenues of $580-$610 million, and adjusted EBITDA of $110-$115 million for 2023. The company emphasizes sustainable customer acquisition and investment strategies for growth and profitability.

Vivid Seats excels in Q1, eyes growth through strategic initiatives

Vivid Seats' Q1 2023 performance reflects strong financials, strategic initiatives, and increased guidance, positioning the company for continued growth and market leadership.
The company's focus on buyer engagement, ESG initiatives, and sustainable growth strategies underpin its competitive edge and commitment to long-term success.
Challenges from competition, macroeconomic factors, and event postponements require strategic planning, innovation, and agility to sustain growth momentum.
Opportunities in product integration, information sharing, investment strategies, and market expansion offer avenues for revenue growth and shareholder value creation.

Vivid Seats reports record-breaking Q2 results and eyes international expansion

Vivid Seats' strong Q2 performance, strategic partnerships, and focus on innovation position the company for continued growth and enhanced user experiences.
Challenges include macroeconomic factors, price dynamics, loyalty program optimization, and international expansion decisions that require careful navigation.
Opportunities lie in further international expansion, high-value audience targeting, strategic partnerships, and optimizing the loyalty program for repeat orders and profitability.
Overall, Vivid Seats' outlook for 2023 remains stable, with a commitment to driving growth through innovation, partnerships, and operational efficiency.

Vivid Seats reports record Q3 results, anticipates growth through Vegas.com

Vivid Seats' Q3 2023 earnings call highlighted record results, strategic acquisitions, and strong performance in loyalty programs and engagement platforms. The company raised its guidance for 2023 and expects continued growth in 2024, driven by the Vegas.com acquisition and innovative pricing tools. Balancing investments, maintaining buyer stickiness, and leveraging data insights will be key focus areas for future success.

Vivid Seats exceeds forecasts, accelerates international expansion for growth

Vivid Seats' Q4 2023 earnings call highlighted strong financial performance, successful strategic acquisitions, and a focus on customer retention and international expansion. The company's commitment to sustained double-digit growth, reinforced by leadership changes and strategic investments, underscores its confidence in achieving growth targets. Challenges in pricing dynamics and competitive landscapes require careful navigation for continued success.

Vivid Seats excels in Q1 2024, eyes international expansion and innovation

Vivid Seats' Q1 performance was robust, showcasing growth, innovation, and strong financials. Despite challenges from artist tours, they are well-positioned for sustained growth, with a focus on customer engagement, expansion, and strategic investments.

Vivid Seats reports robust Q2 earnings, eyes international expansion

Vivid Seats' Q2 2024 performance reflects strong revenue and EBITDA growth, driven by a focus on customer retention and strategic investments in expansion and acquisitions.
Despite challenges related to increased cancellation rates, the company's financial outlook for 2024 remains positive, supported by a strengthened balance sheet and innovative product launches.
By addressing challenges effectively and seizing opportunities for growth and operational enhancement, Vivid Seats aims to sustain its trajectory of long-term success and value creation for shareholders.

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BTS Named Most in-demand Boy Band Ticket of the Past Decade

Vivid Seats Reveals Battle of the Stans: Data Insights on Today's Hottest Boy Bands

CHICAGO, July 05, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced the completion of its previously announced exchange offer (the “Offer”) relating to its outstanding public warrants to purchase shares of its Class A common stock, par value $0.0001 per share (“Class A Common Stock”).

Vivid Seats Announces Completion of Exchange Offer

CHICAGO, June 30, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced the expiration and results of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding public warrants to purchase shares of its Class A common stock, par value $0.0001 per share (“Class A Common Stock”). The Offer and Consent Solicitation expired at 11:59 p.m., Eastern Daylight Time, on June 29, 2022.

Vivid Seats Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Public Warrants

CHICAGO, June 16, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, is set to join the broad-market Russell 2000® and Russell 3000® Indexes at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, 2022, according to a preliminary list of additions posted June 3, 2022.

Vivid Seats to Join Russell 2000® and Russell 3000® Indexes

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CHICAGO, May 31, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced that Stan Chia, Chief Executive Officer and Lawrence Fey, Chief Financial Officer, will be presenting at William Blair's 2022 Growth Conference on Wednesday, June 8, 2022 at 4:20 p.m. ET.

Vivid Seats to Participate in William Blair's 2022 Growth Conference

CHICAGO, May 26, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding public warrants to purchase shares of its Class A common stock, par value $0.0001 per share (“Class A Common Stock”). The purpose of the Offer and Consent Solicitation is to simplify the Company's capital structure and reduce the potential dilutive impact of the warrants, thereby providing the Company with more flexibility for financing its operations in the future. Vivid Seats also announced that its Board of Directors has authorized the repurchase of up to $40 million of the Company's outstanding shares of its Class A Common Stock following the completion of the Offer and Consent Solicitation and until the end of March 2023. The Company intends to fund the share repurchase program with cash from operations and cash on hand. No share repurchases will be made under the share repurchase program until the Offer is complete.

Vivid Seats Announces Exchange Offer and Consent Solicitation Relating to Public Warrants and Authorization of $40 Million Share Repurchase Program

Vivid Seats Inc. (NASDAQ:SEAT ) Q1 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Kate Copouls - Head of Investor Relations Stan Chia - Chief Executive Officer Lawrence Fey - Chief Financial Officer Conference Call Participants Ralph Schackart - William Blair Maria Ripps - Canaccord Genuity Tom Forte - D.A. Davidson Andrew Marok - Raymond James Operator Welcome to the Vivid Seats Q1 2022 Earnings Conference Call.

Vivid Seats Inc. (SEAT) CEO Stan Chia on Q1 2022 Results - Earnings Call Transcript

First Quarter 2022 Marketplace GOV of $742 million and Revenues of $131 million First Quarter 2022 Marketplace GOV of $742 million and Revenues of $131 million

Vivid Seats Raises Guidance after Record First Quarter 2022 Marketplace GOV and Revenues

CHICAGO, April 26, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced the appointment of Riva Bakal to the new role of Chief Product and Strategy Officer, and Ted Pickus to Chief Accounting Officer.

Vivid Seats Announces Key Leadership Appointments

Prepared Remarks to be Webcast at 8:30 am ET Prepared Remarks to be Webcast at 8:30 am ET

Vivid Seats to Report First Quarter 2022 Financial Results

CHICAGO, March 30, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, announced it has strengthened its partnership with Capital One Financial Corporation (NYSE: COF), with the launch of Capital One Entertainment, a new ticketing platform for Capital One rewards cardholders that will allow them to redeem their rewards for tickets to more than 500,000 events.

Vivid Seats Strengthens Partnership with Capital One with Launch of Capital One Entertainment

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Vivid Seats Inc.'s (SEAT) CEO Stan Chia on Q4 2021 Results - Earnings Call Transcript

Full Year 2021 Marketplace GOV of $2.4 billion and Revenues of $443 million Full Year 2021 Marketplace GOV of $2.4 billion and Revenues of $443 million

Vivid Seats Tops Marketplace GOV Records Again & Reports 2021 Results

Vivid Seats to Report Fourth Quarter & Full Year 2021 Financial Results

CHICAGO, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced the successful completion of the refinancing (the “Transaction”) of its existing credit facility.

Vivid Seats Announces Successful Completion of Debt Refinancing

NEW YORK and CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- ESPN Enterprises, Inc. (“ESPN”) and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced a multi-year renewal of its relationship that builds upon the digital integrations powering the partnership, with a significant focus on linear and addressable media.

Vivid Seats Renews Multi-Year Deal with ESPN as Official Ticketing Partner

Leading live events marketplace celebrates with $100,000 donation to MusiCares® Leading live events marketplace celebrates with $100,000 donation to MusiCares®

Vivid Seats Reaches 100 Millionth Ticket Milestone

CHICAGO, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced that management will be participating in the following upcoming investor conferences:

Vivid Seats to Participate in Upcoming Investor Conferences

The ticket reseller Vivid Seats has acquired the sports gaming app Betcha Sports in a deal that could ultimately be worth up to $65 million.  The company announced the acquisition Monday (Dec. 13), saying it would pay $25 million in Vivid Seats equity, as well as additional payments of $40 million in earnouts that — […]

Ticket Reseller Vivid Seats Acquires Betcha Sports

CHICAGO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced it has completed the acquisition of Betcha Sports, Inc. (“Betcha”), a real money sports app with social and gamification features that enhance fans' connection with their favorite live sports. The upfront purchase price is $25 million in Vivid Seats equity, subject to customary purchase price adjustments, with additional payments of up to $40 million of earnouts that, if earned, will be payable in a mix of cash and equity.

Vivid Seats Announces Acquisition of Betcha Sports

The stock price of Vivid Seats Inc (NASDAQ: SEAT) increased by over 11% pre-market today. This is why it happened.

Vivid Seats (SEAT) Stock: Why The Price Increased Today

Third Quarter 2021 Revenues of $140 million and Marketplace GOV of $713 million Third Quarter 2021 Revenues of $140 million and Marketplace GOV of $713 million

Vivid Seats Announces Record Third Quarter 2021 Results

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