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Vivid Seats Inc - SEATW STOCK NEWS

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 (SEATW) operates a leading online ticket marketplace connecting fans with live sports, concerts, and theater events. This page aggregates official press releases and verified news updates about the company's strategic initiatives, financial performance, and industry developments.

Investors and industry observers will find timely updates including quarterly earnings reports, partnership announcements, and technology innovations in live event ticketing. The curated collection serves as a reliable resource for tracking marketplace expansion, operational milestones, and leadership updates.

Content highlights cover new market entries, fan engagement initiatives, and strategic collaborations with entertainment brands. Users can monitor developments in the company's dual marketplace-resale model and its rewards program enhancements.

Bookmark this page for structured access to SEATW's corporate communications, with updates organized chronologically for efficient research. Check regularly for the latest developments shaping the live events ticketing landscape.

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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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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 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 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 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 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 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 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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Vivid Seats Inc. will report Q3 2023 financial results on November 7, 2023, before the market opens.
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Vivid Seats announces National Fan Day™, a holiday celebrating fandom and loyalty. A study shows the dedication of Americans to their favorite sports teams and artists. Vivid Seats Rewards program offers benefits to fans.
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