Vivid Seats Reaches 100 Millionth Ticket Milestone
Vivid Seats Inc. (NASDAQ: SEAT) celebrates the sale of its 100 millionth ticket with a $100,000 donation to MusiCares®. The milestone signifies Vivid Seats' substantial growth and strong consumer demand for live events. The company reported record third-quarter results, with $713 million in gross order volume, $140 million in revenue, and $42 million in adjusted EBITDA. Vivid Seats' technology platform connects buyers with sellers, enhancing the live event experience. The company continues to emphasize loyalty through its rewards program, offering 10% value back on ticket purchases.
- Achieved 100 million tickets sold, highlighting significant growth.
- Record third-quarter results: $713 million in gross order volume, $140 million in revenue, and $42 million in adjusted EBITDA.
- Recent acquisition of Betcha Sports, enhancing connection with live sports.
- Strong consumer demand for live experiences.
- None.
Leading live events marketplace celebrates with
CHICAGO, Jan. 10, 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 reached its 100 millionth ticket sold milestone. The milestone reflects Vivid Seats’ growth at scale, connecting millions of buyers with thousands of sellers, and the continued and increasing consumer demand for live events.
To celebrate the milestone, Vivid Seats has donated
“Today’s announcement is another example of the incredible momentum we are seeing as a brand and business,” said Stan Chia, Chief Executive Officer of Vivid Seats. “I am so proud that we have been directly responsible for creating over 100 million memories that will last our customers a lifetime, as we continue to support and raise awareness around important causes, like MusiCares. We believe our marketplace delivers a seamless and trusted experience to help fans safely buy tickets at an exceptional value, so they can attend more of their favorite events. Whether they were cheering on their home-town sports team, rocking out to their favorite band, or attending acclaimed theater productions, we have been their trusted partner in delivering some of life’s most exciting moments - a hundred million times over.”
Chia continued, “I also want to take a moment and thank the Vivid Seats team for their relentless dedication, which resulted in reaching this important milestone and their continued commitment and focus on creating exceptional experiences for our customers. We believe in the power of shared experiences to connect people and it’s clear as we head into a new year that there is strong consumer demand for experiences.”
Today’s achievement comes on the heels of Vivid Seats’ entrance in the public markets and recent record-setting third quarter financial results. The Company’s third quarter performance reflected its highest single quarter results across all our key financial metrics, as the team delivered
Vivid Seats allows fans of live events to connect seamlessly with third-party ticket sellers through its state-of-the-art technology platform and offers unique ways for fans to get rewards and perks. Its loyalty program, Vivid Seats Rewards, is designed to benefit every fan, whether they attend two events a year or twenty, giving every customer the opportunity to earn
To learn more about Vivid Seats or to find tickets to your next event, please visit www.vividseats.com.
About Vivid Seats
Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to vividseats.com, or calling 866-848-8499.
About MusiCares
MusiCares helps the humans behind music because music gives so much to the world. Offering preventive, emergency, and recovery programs, MusiCares is a safety net supporting the health and welfare of the music community. Founded by the Recording Academy in 1989 as a U.S. based 501(c)(3) charity, MusiCares safeguards the well-being of all music people through direct financial grant programs, networks of support resources, and tailored crisis relief efforts. For more information please visit: www.musicares.org
VIVID SEATS CONTACT
Julia Young
Julia.Young@vividseats.com
MUSICARES CONTACT
Jenn Kerr, for MusiCares
jennifer.kerr@porternovelli.com
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