STOCK TITAN

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.

Rhea-AI Summary
Vivid Seats, a leading marketplace for live event tickets, has announced the launch of the first live events plugin for OpenAI's ChatGPT. This new tool combines real-time data with ChatGPT technology to provide fans with curated recommendations and personalized insights on popular events, nearby events, best seats, and more. The plugin aims to enhance the consumer experience and make event discovery and ticket purchase easier and more exciting. Vivid Seats also offers a loyalty program called Vivid Seats Rewards, which provides ticket savings and exclusive game-day experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
AI
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.99%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.96%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.41%
Tags
none
Rhea-AI Summary

Vivid Seats Inc. (NASDAQ:SEAT) is scheduled to report its financial results for the first quarter of 2023 on May 9, 2023, before the U.S. stock market opens. The company's management will discuss the results during a webcast at 8:30 a.m. ET. The firm positions itself as a leading online ticket marketplace, connecting millions of buyers with a vast array of ticket sellers across numerous events. Vivid Seats emphasizes its commitment to customer experience through initiatives like the Vivid Seats Rewards program and collaboration with prominent brands such as ESPN and Rolling Stone. The company was founded in 2001 and offers a broad selection of event tickets while also operating its daily fantasy sports app, Vivid Picks.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
Tags
conferences earnings
-
Rhea-AI Summary

Vivid Seats (NASDAQ: SEAT) has released its inaugural Environmental, Social, and Governance (ESG) update, showcasing its commitment to responsible business practices. CEO Stan Chia emphasized the company's dedication to sustainability and ethical operations. Key initiatives include a focus on diversity and inclusion with a majority diverse leadership, community investments supporting organizations like Make-A-Wish, and a commitment to environmental sustainability that achieved a 54% reduction in single-use waste in 2022. The update highlights Vivid Seats' efforts in ensuring security and safety through robust policies and fraud detection measures.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.56%
Tags
none
-
Rhea-AI Summary

Vivid Seats Inc. reported a strong financial performance for the full year 2022, achieving a Marketplace Gross Order Value (GOV) of $3.2 billion and revenues of $600 million, both up over 30% compared to 2021. The fourth quarter saw a GOV of $846 million, a slight decline from the previous year, but revenues increased by 1%. Notably, net income surged to $24.8 million, marking a 7565% increase. Despite competitive pressures, the company delivered Adjusted EBITDA of $33.7 million, a 22% rise. For 2023, Vivid Seats expects a GOV between $3.0 billion and $3.3 billion, and revenues between $580 million and $610 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.04%
Tags
none
Rhea-AI Summary

Vivid Seats Inc. (NASDAQ:SEAT) will report its Q4 and full year 2022 financial results on March 7, 2023, before the U.S. stock market opens. A management discussion of these results is scheduled for 8:30 a.m. ET that day. Vivid Seats, a premier online ticket marketplace established in 2001, connects buyers with ticket sellers for numerous live events. The company also offers a rewards program to enhance customer value and has gained recognition in customer service.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
conferences earnings

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/.

Vivid Seats Inc.

Nasdaq:SEAT

SEAT Rankings

SEAT Stock Data

451.11M
112.46M
14.79%
90.88%
9.07%
Internet Content & Information
Services-miscellaneous Amusement & Recreation
Link
United States of America
CHICAGO