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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) released its annual "Year in Live Events" report, highlighting Harry Styles as Artist of the Year and Kevin Hart as Comedian of the Year. The report showcases ticket sales data from 2022, awarding the Niners Nation Fanbase of the Year for its passionate support during the NFL season. Additionally, Vivid Seats predicts top entertainment cities for 2023, naming Denver for sports, Austin for music, Boston for theater, and Las Vegas for comedy. The report emphasizes the resurgence of live events, showing growing fan engagement across genres.
Vivid Seats has announced significant upcoming presentations by its leadership. Chief Financial Officer Larry Fey will present at the RBC Capital Markets Global Technology Conference on November 15, 2022, at 12:50 p.m. ET. Meanwhile, Chief Executive Officer Stan Chia will present at the Credit Suisse Annual Technology Conference on November 30, 2022, at 4:20 p.m. ET. Both presentations will be accessible via live webcasts on the Vivid Seats Investor Relations website.
Vivid Seats reported strong Q3 2022 results with Marketplace GOV reaching $781.8 million, a 10% increase from Q3 2021, and revenues of $156.8 million, up 12%. The company generated a net income of $18.7 million, a significant turnaround from a net loss in the previous year. Adjusted EBITDA, however, declined by 33% to $28.3 million. Vivid Seats raised its guidance for Marketplace GOV and revenues for the year, projecting them to range from $3.05 billion to $3.20 billion and $580 million to $595 million, respectively.
Vivid Seats Inc. (NASDAQ:SEAT) will announce its third quarter 2022 financial results on November 8, 2022, before the market opens. A management webcast is scheduled for 8:30 a.m. ET on that day. The company continues its commitment to connecting fans with live events through its technology platform, emphasizing its extensive selection of tickets and its Vivid Seats Rewards program, which incentivizes purchases. The report will provide insights into the company's financial health and performance in a competitive ticketing industry.
Vivid Seats Inc. (NASDAQ: SEAT) launched its first brand campaign, partnering with 72andSunny LA, focusing on the number 11 to promote its Vivid Seats Rewards program. The campaign offers a free 11th ticket for fans who purchase 10, enhancing fan engagement with sports, music, and theater. Notably, Vivid Seats will sponsor the bonus 11th play on ESPN's 'SportsCenter' Top Ten series. Additionally, the campaign includes digital spots and partnerships with influential brands like Rolling Stone and Bleacher Report, aimed at showcasing the unique loyalty program and its benefits.
Vivid Seats Inc. (NASDAQ: SEAT) has announced that CEO Stan Chia will present at Evercore ISI’s Technology Conference on September 7, 2022 at 3:45 p.m. ET and at Goldman Sachs’ Communacopia + Technology Conference on September 13, 2022 at 12:15 p.m. ET. Both presentations will be accessible via live webcasts on the Vivid Seats Investor Relations website.
Founded in 2001, Vivid Seats connects millions of buyers to ticket sellers for numerous live events, promoting an extensive range of ticket options and an industry-leading rewards program.
Vivid Seats has launched its Fan Forecast for the 2022 NFL season, utilizing proprietary data to predict crowd compositions at key matchups.
For Week 1, significant estimates include the Raiders at Chargers with a 75%-25% fan ratio favoring the Raiders and the Seahawks versus Broncos at 70%-30% favoring Seattle.
Vivid Seats reports a noticeable rise in traveling fans, with only 75% favoring home teams in 2021 compared to 87% in 2017. Their new app, Vivid Picks, enhances gaming experiences with real money predictions.
Vivid Seats Inc. (NASDAQ: SEAT) reported strong financial results for Q2 2022, with a Marketplace Gross Order Value (GOV) of $814.8 million, up 18% year-over-year, and revenues of $147.7 million, reflecting a 28% increase. Net income surged 810% to $24.1 million, although Adjusted EBITDA fell 16% to $30.3 million. The company raised its 2022 financial outlook for Marketplace GOV, revenues, and Adjusted EBITDA, driven by strong demand and operational strength amidst event cancellations totaling $14.7 million in Q2.
Vivid Seats Inc. (NASDAQ: SEAT) has announced a new product integration with Betcha, now rebranded as Vivid Picks, a daily fantasy sports app. This combination aims to enhance fan engagement by merging ticket sales with fantasy sports in one platform. Vivid Picks will allow users to select players and buy tickets for events, reflecting Vivid Seats' strategy to monetize consumer interaction. The app will showcase a broad range of sporting events and provide an intuitive interface, advancing Vivid Seats' mission to connect fans with live experiences.
Vivid Seats Inc. (NASDAQ: SEAT) will present at Canaccord Genuity’s 2022 Growth Conference on August 10, 2022, at 11:00 a.m. ET. CEO Stan Chia and CFO Lawrence Fey are set to discuss the company's innovations in the ticketing marketplace. A live webcast will be available on their Investor Relations website. Vivid Seats, founded in 2001, connects fans with live events and offers a vast selection of tickets, along with a rewards program. The company is recognized for its customer service and has partnerships with major entertainment brands.
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