Vivid Seats Inc Stock Price, News & Analysis

Vivid Seats Inc. (NASDAQ:SEAT) is scheduled to report its financial results for the first quarter of 2023 on May 9, 2023, before the U.S. stock market opens. The company's management will discuss the results during a webcast at 8:30 a.m. ET. The firm positions itself as a leading online ticket marketplace, connecting millions of buyers with a vast array of ticket sellers across numerous events. Vivid Seats emphasizes its commitment to customer experience through initiatives like the Vivid Seats Rewards program and collaboration with prominent brands such as ESPN and Rolling Stone. The company was founded in 2001 and offers a broad selection of event tickets while also operating its daily fantasy sports app, Vivid Picks.

Vivid Seats (NASDAQ: SEAT) has released its inaugural Environmental, Social, and Governance (ESG) update, showcasing its commitment to responsible business practices. CEO Stan Chia emphasized the company's dedication to sustainability and ethical operations. Key initiatives include a focus on diversity and inclusion with a majority diverse leadership, community investments supporting organizations like Make-A-Wish, and a commitment to environmental sustainability that achieved a 54% reduction in single-use waste in 2022. The update highlights Vivid Seats' efforts in ensuring security and safety through robust policies and fraud detection measures.

Vivid Seats Inc. reported a strong financial performance for the full year 2022, achieving a Marketplace Gross Order Value (GOV) of $3.2 billion and revenues of $600 million, both up over 30% compared to 2021. The fourth quarter saw a GOV of $846 million, a slight decline from the previous year, but revenues increased by 1%. Notably, net income surged to $24.8 million, marking a 7565% increase. Despite competitive pressures, the company delivered Adjusted EBITDA of $33.7 million, a 22% rise. For 2023, Vivid Seats expects a GOV between $3.0 billion and $3.3 billion, and revenues between $580 million and $610 million.

Vivid Seats Inc. (NASDAQ:SEAT) will report its Q4 and full year 2022 financial results on March 7, 2023, before the U.S. stock market opens. A management discussion of these results is scheduled for 8:30 a.m. ET that day. Vivid Seats, a premier online ticket marketplace established in 2001, connects buyers with ticket sellers for numerous live events. The company also offers a rewards program to enhance customer value and has gained recognition in customer service.

Vivid Seats (NASDAQ: SEAT) and Hopper released a report on travel trends and ticket pricing for the Big Game. Vivid Seats predicts a 62% crowd advantage for the Philadelphia Eagles over the Kansas City Chiefs, with average ticket prices at $6,434. The best entry ticket is priced at $4,438. In terms of travel, round-trip airfare is averaging $491, with Philadelphia's tickets at $693 and Kansas City's at $478. Hotel rates in Phoenix are around $600 per night. Following playoff games, flight searches surged by 169% from Philadelphia and 61% from Kansas City, indicating strong demand.