Vivid Seats Inc - SEATW STOCK NEWS

College Basketball Crown, a new postseason tournament founded by AEG and FOX Sports, has announced its inaugural event details. The 16-team single-elimination tournament will be held in Las Vegas from March 31 to April 6, 2025, at MGM Grand Garden Arena and T-Mobile Arena.

Tickets will be available exclusively through Vivid Seats (SEAT) starting February 7, 2025, at 10:00 AM PT. The tournament will feature elite student-athletes from major basketball conferences, with all games broadcast on FOX and FS1.

The schedule includes eight first-round games on March 31-April 1, four quarterfinals on April 2-3, semifinals on April 5, and the championship game on April 6. The tournament aims to provide additional high-level competition during the college basketball postseason.

Vivid Seats (NASDAQ: SEAT) and Hopper have released their 2025 Big Game Travel Guide, revealing significant ticket and travel trends for the Super Bowl at Caesars Superdome in New Orleans. The event is currently the third hottest Super Bowl ticket in over a decade, with demand increasing 204% compared to New Orleans' last hosting and 38% more than the last matchup between these teams.

Ticket prices are averaging $7,259 with a minimum entry price of $4,516. Fans are traveling an average of 911 miles to attend. The Philadelphia Eagles showed strong road-crowd attendance during the regular season, tied with the San Francisco 49ers at 46% for the highest road-crowd average in the NFL.

Travel data shows domestic round-trip flights averaging $294, with nonstop tickets at $979. Philadelphia to New Orleans flights average $224, while Kansas City to New Orleans flights cost $1,064. Hotel stays in New Orleans during the event are averaging $1,212 per night.

Vivid Seats (NASDAQ: SEAT), a leading ticket marketplace platform, has announced its participation in the Raymond James 2024 TMT & Consumer Conference. CEO Stan Chia will deliver a presentation on Tuesday, December 10, 2024, at 9:20 a.m. ET. The presentation will be available via live webcast on the company's Investor Relations website under the News & Events section. Vivid Seats connects millions of buyers with thousands of ticket sellers across hundreds of thousands of events annually through its technology platform.

Vivid Seats (NASDAQ: SEAT) reported Q3 2024 financial results showing mixed performance. Marketplace GOV declined 13% to $871.7 million, while revenues decreased 1% to $186.6 million. Net income fell 43% to $9.2 million, though Adjusted EBITDA improved 2% to $34.1 million. The company faced headwinds from concert supply and venue/artist mix, leading to revised 2024 guidance. The company lowered its full-year outlook, now expecting Marketplace GOV of $3.8-4.0 billion, revenues of $760-780 million, and Adjusted EBITDA of $145-155 million.

Vivid Seats (NASDAQ: SEAT) has been named to Newsweek's America's Best Customer Service 2025 list in the Ticketing category. The recognition follows an independent survey of over 28,000 U.S. customers, resulting in more than 200,000 evaluations across 163 categories. The assessment was based on factors including recommendation likelihood, communication quality, professional competence, and service range. This marks Vivid Seats' fifth recognition by Newsweek. The company was also recently named to Fast Company's World's Most Innovative Companies of 2024. Vivid Seats stands out as the only leading US ticket company offering a rewards program, allowing fans to earn loyalty rewards redeemable for ticket credits.

Vivid Seats (NASDAQ: SEAT) has appointed Adam Stewart to its Board of Directors, effective November 1, 2024. Stewart, currently Vice President of Consumer, Government & Entertainment at Google, brings nearly two decades of experience and will also serve on the company's Nominating and Corporate Governance Committee. He succeeds Tom Ehrhart, who is departing after three years. The appointment marks Vivid Seats' transition to having a majority independent Board in compliance with Nasdaq rules. Stewart's extensive background includes leadership roles at Google and Discovery Communications, where he oversaw national sales strategies for various networks.

Vivid Seats (NASDAQ:SEAT), a leading ticket marketplace platform, has announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024, before market open. The company will host a management discussion webcast at 8:30 a.m. ET on the same day. Investors can access both the live webcast and replay through the company's investor relations website.

Vivid Seats Inc. (NASDAQ: SEAT) has announced new feature upgrades to its Game Center, an in-app free-to-play product. The enhancements include:

1. 'Leagues': A new group play option allowing fans to create leaderboards and invite friends to compete.

2. Weekly NFL ticket giveaways: Players can win free NFL tickets each week (up to $950 in value).

3. Enhanced 'Pick It' game: NFL-themed weekly game running from season start to playoffs.

4. Expanded 'Trivia' game: Daily challenges across entertainment categories with chances to win event tickets.

The Game Center aims to reward football fandom and increase user engagement within the Vivid Seats app, potentially driving ticket sales and customer loyalty.

Vivid Seats Inc. (NASDAQ: SEAT) has announced an exclusive multiyear media partnership with I Am Athlete (IAA), the athlete-led media platform founded by Brandon Marshall. The partnership, launching with the 2024 NFL Season, includes:

• Exclusive content featuring athletes and celebrities
• Advertising and sponsorship rights
• Live event experiences

Key elements of the collaboration include:

• A new custom segment called "Keep it Live" on IAA's "I Am Athlete Daily" show
• Promotion of Vivid Seats through native mentions and sponsored content
• Exclusive ticket packages and VIP fan experiences
• Relaunch of IAA's "On The Go" series with a 42-foot tour bus