Welcome to our dedicated page for Vivid Seats news (Ticker: seatw), a resource for investors and traders seeking the latest updates and insights on Vivid Seats stock.
Vivid Seats Inc is an online ticket marketplace connecting fans to live events and artists. It is the official ticketing partner of various entertainment brands offering tickets for sports, concerts, theaters, and comedy events in the US, Canada, and Japan. The company operates in two segments: marketplace and resale. Vivid Seats recently earned six placements on Built In's Best Places to Work list, highlighting their dedication to creating a positive work culture and empowering employees. CEO Stan Chia emphasizes the importance of inclusive, high-performance culture focused on empowerment, collaboration, and innovation. Additionally, Vivid Seats prioritizes sustainability and corporate responsibility in their business strategy, demonstrating commitment to exceptional experiences for all stakeholders. The company's 2024 ESG Fact Sheet showcases notable achievements in environmental, social, and governance efforts. Founded in 2001, Vivid Seats is dedicated to becoming the ultimate partner for live event experiences, offering a wide selection of tickets and industry-leading rewards program.
Vivid Seats Inc. (NASDAQ: SEAT) has released its 2024 NFL Fan Loyalty Report, offering insights into fan behavior and team popularity. Key findings include:
1. The Houston Texans saw the largest year-over-year increase in average ticket prices at 132%.
2. San Francisco 49ers fans show the strongest road presence, averaging 48% of the crowd at away games.
3. Las Vegas Raiders fans travel the farthest, averaging 549 miles per away game.
4. The Dallas Cowboys have the most widespread fan base, claiming 279 counties across multiple states.
The report also highlights Vivid Seats Rewards program, offering fans discounts, upgrades, and other perks for their loyalty.
Vivid Seats Inc. (NASDAQ: SEAT) reported strong Q2 2024 results with revenues of $198.3 million, up 20% year-over-year. The company's Marketplace Gross Order Value (GOV) increased 5% to $998.1 million. Despite this growth, Vivid Seats reported a net loss of $1.2 million, down from a net income of $38.3 million in Q2 2023. However, Adjusted EBITDA saw a significant 42% increase to $44.2 million.
The company updated its 2024 financial outlook, now anticipating Marketplace GOV between $4.0-$4.3 billion, revenues of $810-$830 million, and Adjusted EBITDA of $160-$170 million. Vivid Seats also refinanced and upsized its term loan, reducing interest rates and adding $125 million to its cash balance.
Vivid Seats Inc. (NASDAQ: SEAT), a leading ticket marketplace, has announced its participation in Canaccord Genuity's 2024 Growth Conference. The company's CEO, Stan Chia, and CFO, Lawrence Fey, will be presenting on Tuesday, August 13, 2024, at 11:30 a.m. ET.
Vivid Seats connects millions of buyers with thousands of ticket sellers across hundreds of thousands of events annually through its technology platform. Investors and interested parties can access a live webcast of the presentation on the Vivid Seats Investor Relations website under the "News & Events" section.
This participation in the growth conference provides an opportunity for Vivid Seats to showcase its business model and growth strategies to potential investors and industry analysts.
Vivid Seats Inc. (NASDAQ:SEAT), a leading ticket marketplace, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the U.S. stock market opens. The company, which connects millions of buyers with thousands of ticket sellers for various events, will hold a webcast at 8:30 a.m. ET on the same day to discuss the results. Investors and interested parties can access the live webcast and replay at https://investors.vividseats.com/. This announcement provides an opportunity for stakeholders to gain insights into Vivid Seats' financial performance and future outlook.
Vivid Seats (NASDAQ: SEAT), a prominent ticket marketplace, announced its participation in William Blair's 2024 Growth Stock Conference. CEO Stan Chia and CFO Lawrence Fey will present on June 5, 2024, at 8:40 a.m. CT. A live webcast of the presentation will be available on Vivid Seats' Investor Relations website. This event offers an opportunity for investors to gain insights into the company's strategies and performance.
Vivid Seats Inc. (NASDAQ: SEAT) reported strong first quarter results with Marketplace GOV exceeding $1 billion, a 20% increase year over year. Despite a net income decline of 65%, the company showcased revenue growth of 18% and remains optimistic about sustained double-digit growth in the future. Vivid Seats also announced strategic initiatives to drive revenue synergies and accelerate international expansion.
Vivid Seats Inc. (NASDAQ: SEAT) released its 2024 Environmental, Social and Governance (ESG) Fact Sheet, showcasing achievements in diversity, environmental sustainability, and community support. The report emphasizes the company's commitment to ethical decision-making, environmental responsibility, and charitable contributions.
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