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Vivid Seats Inc. - SEAT STOCK NEWS

Welcome to our dedicated page for Vivid Seats news (Ticker: SEAT), a resource for investors and traders seeking the latest updates and insights on Vivid Seats stock.

Vivid Seats Inc. (NASDAQ: SEAT) is the largest independent online ticket marketplace, specializing in connecting fans with live events. Founded in 2001 and headquartered in Chicago, Vivid Seats provides tickets for a wide variety of live events, including sports, concerts, theater, and comedy shows across the United States, Canada, and Japan. The company operates in two primary segments: marketplace and resale.

Core Business: As the official ticketing partner for several major entertainment brands, such as ESPN and Rolling Stone, Vivid Seats facilitates an unmatched ticket-buying experience through its innovative fan-to-fan selling platform. The company's longstanding relationships with certified ticket resellers ensure a secure and seamless transaction process for both buyers and sellers.

Recent Achievements: Vivid Seats has continually demonstrated its ability to innovate and grow. The company recently secured a partnership with Stockperks, providing exclusive perks to shareholders, including discount codes and game center tokens. Furthermore, Vivid Seats has been recognized by Built In as one of the Best Places to Work for three consecutive years, showcasing its commitment to a positive work environment and employee satisfaction.

Financial Condition: Vivid Seats has consistently shown robust financial performance. In 2023, the company achieved significant operational and financial milestones, setting a strong foundation for durable growth. Key performance indicators for 2023 reflect a successful year, with further growth anticipated in 2024 as indicated by their Q1 projections.

Partnerships and Products: Vivid Seats has formed strategic partnerships with iconic brands like ESPN, Sports Illustrated, and the Los Angeles Dodgers, enhancing its market presence. The company's proprietary technology and software not only drive its ticketing ecosystem but also power its daily fantasy sports app, Vivid Picks.

Customer Experience: Vivid Seats is committed to providing exceptional customer service, which has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing. Their industry-leading rewards program allows fans to earn on every purchase, further enhancing the overall customer experience.

For more information, visit Vivid Seats.

News

Vivid Seats and Hopper Release 2024 Big Game Guide

Rhea-AI Summary
Vivid Seats Inc. and Hopper release the 2024 Big Game Travel Guide, revealing that the upcoming game at Allegiant Stadium in Las Vegas is the hottest Big Game ticket in over 15 years. Vivid Seats' Fan Forecast® predicts a 60% crowd advantage for the San Francisco 49ers, with Chiefs fans making up 40%. Ticket prices on Vivid Seats average $8,776 with the best 'get-in' deal at $5,406. Airfares to Las Vegas for the Big Game weekend have surged over 200% in the last two weeks.
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Vivid Seats Named a 2024 Best Place to Work

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Vivid Seats Inc. (NASDAQ: SEAT) has earned six placements on Built In's 2024 Best Places to Work list, including U.S. Best Places to Work, U.S. Best Midsize Places to Work, Dallas, TX Best Places to Work, Dallas, TX Best Midsize Places to Work, Chicago, IL Best Places to Work, and Chicago, IL Best Midsize Places to Work. This recognition highlights the company's culture and benefits for its team.
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Vivid Seats Announces Partnership with Stockperks to Reward Loyal Shareholders and Amplify Retail Ownership

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Vivid Seats (NASDAQ: SEAT) announces a strategic partnership with Stockperks to amplify retail ownership of its stock and offer exclusive perks to shareholders. The collaboration includes a 20% discount code for event tickets and 2,000 Vivid Seats Game Center tokens for shareholders who leverage the Stockperks app. Lawrence Fey, CFO of Vivid Seats, and Agnies Watson, President and Co-Founder of Stockperks, express excitement for the partnership.
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AEG and Vivid Seats Announce LA Kings and LA Galaxy Partnership

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Vivid Seats Inc. (NASDAQ: SEAT) partners with AEG to become the official secondary ticketing marketplace partner of the LA Kings (NHL) and the LA Galaxy (MLS), offering fans exclusive access to premium seating areas, enhanced game-day experiences, and loyalty rewards through the Vivid Seats Rewards program.
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Vivid Seats Announces Closing of Secondary Offering and Share Repurchase, Including Full Exercise of the Underwriters’ Option to Purchase Additional Shares

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Vivid Seats Inc. (NASDAQ: SEAT) announced the closing of a secondary offering of 20,500,000 shares of its Class A common stock from Hoya Topco, LLC. The sale included 18,500,000 shares offered to the public at $6.50 per share and an additional 2,000,000 shares purchased by Vivid Seats from the underwriters at $6.24 per share. The underwriters' option to purchase an additional 3,075,000 shares was exercised, bringing the total offering size to 23,575,000 shares.
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Vivid Seats Announces Pricing of Secondary Offering and Repurchase of Class A Common Stock

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Vivid Seats Inc. (NASDAQ: SEAT) announced the pricing of a secondary underwritten public offering of 18,500,000 shares of the Company’s Class A common stock at $6.50 per share. The Company also agreed to purchase an incremental 2,000,000 shares of Class A common stock from the underwriters, bringing the total offering size to 20,500,000 shares. The offering is expected to close on December 12, 2023.
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Vivid Seats Announces Secondary Offering of Class A Common Stock

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Vivid Seats Inc. (NASDAQ: SEAT) announced a secondary underwritten public offering of 18,500,000 shares of the Company’s Class A common stock by the selling stockholder, with an option for underwriters to purchase an additional 2,775,000 shares. The Company will not receive any proceeds from the sale. Citigroup, Morgan Stanley, and BofA Securities are serving as joint book-running managers for the proposed offering.
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Vivid Seats to Participate in UBS’s 2023 Global Technology Conference

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Vivid Seats Inc. (SEAT) will be presenting at UBS’s Global Technology Conference on November 29, 2023. The company is a leading marketplace connecting buyers with ticket sellers for hundreds of thousands of events annually.
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Vivid Seats Announces Acquisition of Vegas.com

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Vivid Seats Inc. has announced the acquisition of Vegas.com in a cash and stock transaction valued at approximately $240 million. This acquisition will enhance Vivid Seats' scale and reach in the entertainment market, particularly in Las Vegas, and increase its total addressable market by over $6 billion.
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Vivid Seats Delivers $1 Billion Quarterly Marketplace GOV & Acquires Vegas.com

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Vivid Seats Inc. reported a 28% increase in Marketplace GOV, reaching $998.9 million, and a 20% increase in revenues, totaling $188.1 million, for the third quarter of 2023. Despite a 15% decrease in net income, Adjusted EBITDA grew by 18% to $33.4 million. The company raised its 2023 guidance, expecting Marketplace GOV between $3.75 billion and $3.90 billion, revenues between $685.0 million and $705.0 million, and Adjusted EBITDA between $136.0 million and $142.0 million. For 2024, Vivid Seats anticipates Marketplace GOV between $4.20 billion and $4.50 billion, revenues between $810.0 million and $840.0 million, and Adjusted EBITDA between $170.0 million and $180.0 million.
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FAQ

What is the current stock price of Vivid Seats (SEAT)?

The current stock price of Vivid Seats (SEAT) is $3.52 as of December 20, 2024.

What is the market cap of Vivid Seats (SEAT)?

The market cap of Vivid Seats (SEAT) is approximately 451.1M.

What is Vivid Seats Inc.?

Vivid Seats Inc. is the largest independent online ticket marketplace, providing tickets for sports, concerts, theater, and comedy events.

When was Vivid Seats founded?

Vivid Seats was founded in 2001.

Which regions does Vivid Seats operate in?

Vivid Seats operates in the United States, Canada, and Japan.

What segments does Vivid Seats operate in?

Vivid Seats operates in two segments: marketplace and resale.

What recent achievements has Vivid Seats accomplished?

Vivid Seats recently partnered with Stockperks, providing shareholders with exclusive perks. The company has also been recognized by Built In as one of the Best Places to Work for three consecutive years.

Who are Vivid Seats' major partners?

Vivid Seats has formed partnerships with major brands like ESPN, Rolling Stone, and the Los Angeles Dodgers.

How does Vivid Seats ensure a secure transaction process?

Vivid Seats maintains longstanding relationships with certified ticket resellers and operates a fan-to-fan selling platform to ensure secure transactions.

What is the Vivid Seats Rewards program?

The Vivid Seats Rewards program allows fans to earn rewards on every purchase, enhancing the customer experience.

How has Vivid Seats been recognized for its customer service?

Vivid Seats has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing.

Where can I find more information about Vivid Seats?

For more information, you can visit the official Vivid Seats website at https://www.vividseats.com/.

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Vivid Seats Inc.

Nasdaq:SEAT

SEAT Rankings

#3180 Ranked by Market Cap
N/A Ranked by Dividends

SEAT Stock Data

451.11M
112.46M
14.79%
90.88%
9.07%
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