2.73%
-4.61%
23.21%
-10.00%
-30.65%
-65.50%
-57.90%
AI Spotlight on SEAT
Company Description
Vivid Seats Inc.operates as an online secondary marketplace for tickets in the United States and Canada.The company operates in two segments, Marketplace and Resale.
The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for live sports, concerts, and theater shows, and other live events.This segment offers Skybox, a proprietary enterprise resource planning tool that helps ticket sellers manage ticket inventories, adjust pricing, and fulfill orders across multiple ticket resale marketplaces.The Resale segment acquires tickets to resell on secondary ticket marketplaces; and provides internal research and development support for Skybox and to deliver seller software and tools.
The company was founded in 2001 and is headquartered in Chicago, Illinois.
Market Data
| Last Price | 4.14 |
| Change Percentage | 2.73% |
| Open | 4.06 |
| Previous Close | 4.03 |
| Market Cap ( Millions) | 544 |
| Volume | 2097296 |
| Year High | 6.34 |
| Year Low | 3.24 |
| M A 50 | 4.29 |
| M A 200 | 4.38 |
Financial Ratios
| FCF Yield | 4.93% |
| Dividend Yield | 0.00% |
| ROE | 15.99% |
| Debt / Equity | 123.08% |
| Net Debt / EBIDTA | 197.59% |
| Price To Book | 1.65 |
| Price Earnings Ratio | 18.66 |
| Price To FCF | 20.28 |
| Price To sales | 0.7 |
| EV / EBITDA | 7.27 |
News
- Feb -07 - Exclusive-VW's SEAT boss warns Spanish jobs at risk if China-made EV tariff is not lowered
- Feb -06 - Inaugural College Basketball Crown Releases Ticket & Television Schedule
- Jan -28 - Vivid Seats and Hopper Release 2025 Big Game Guide
- Jan -03 - Vivid Seats an attractive takeover opportunity despite recent stock rally, analysts believe
- Dec -28 - Vivid Seats: GOV Slowdown Clouds Growth
- Dec -03 - Vivid Seats to Participate in Raymond James 2024 TMT & Consumer Conference
- Nov -10 - Vivid Seats Inc. (SEAT) Q3 2024 Earnings Call Transcript
- Nov -07 - Vivid Seats Reports Third Quarter 2024 Results
- Oct -31 - Adam Stewart Appointed to Vivid Seats' Board of Directors
- Oct -28 - Vivid Seats to Report Third Quarter 2024 Financial Results
- Sep -06 - Vivid Seats' Game Center Debuts “Leagues” for NFL Season
- Sep -04 - Vivid Seats Announces Exclusive Multiyear Media Partnership with I Am Athlete
- Aug -10 - Vivid Seats Inc. (SEAT) Q2 2024 Earnings Call Transcript
- Aug -06 - Vivid Seats Delivers Strong Second Quarter Results
- Aug -01 - Vivid Seats: Growth Momentum Is Severely Undervalued Due To Margin Concerns (Rating Upgrade)
- Jul -26 - Vivid Seats to Participate in Canaccord Genuity's 2024 Growth Conference
- Jul -26 - Vivid Seats to Report Second Quarter 2024 Financial Results
- Jun -28 - Vivid Seats (SEAT) Could Be Poised for a Comeback
- May -20 - Porsche Automobil Holding SE (POAHY) To Go Ex-Dividend on June 13th
- May -20 - Vivid Seats to Participate in William Blair's 2024 Growth Stock Conference
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Marketplace
Expected Growth : 9 %
What the company do ?
Vivid Seats Marketplace is a platform where buyers and sellers connect to purchase tickets to sports, concerts, and theater events.
Why we expect these perspectives ?
Vivid Seats' marketplace growth is driven by increasing demand for live event experiences, strategic partnerships with sports teams and venues, expansion into new markets, and investments in user experience and mobile optimization. Additionally, the company's focus on transparency, security, and customer service has built trust with consumers, contributing to its 9% growth.
Segment n°2 -> Resale
Expected Growth : 7 %
What the company do ?
Resale from Vivid Seats Inc. is a secondary ticketing marketplace where fans can buy and sell tickets to sports, concerts, and theater events.
Why we expect these perspectives ?
Vivid Seats Inc.'s resale segment growth of 7% is driven by increasing demand for live events, expansion into new markets, and strategic partnerships. Additionally, the company's user-friendly platform and competitive pricing strategy have contributed to its market share gain. Furthermore, the rise of mobile ticketing and the growing popularity of experiences over material goods have also fueled growth in the resale segment.
Vivid Seats Inc. Products
| Product Range | What is it ? |
|---|---|
| Event Tickets | Vivid Seats offers tickets to various events such as sports, concerts, theater, and comedy shows. |
| Sports Tickets | Vivid Seats provides tickets to various sports events, including NFL, NBA, MLB, NHL, and more. |
| Concert Tickets | Vivid Seats offers tickets to concerts and music festivals featuring popular artists and bands. |
| Theater Tickets | Vivid Seats provides tickets to various theater productions, including Broadway shows and musicals. |
| Ticket Insurance | Vivid Seats offers ticket insurance to protect customers' purchases in case of event cancellations or postponements. |
| Ticket Financing | Vivid Seats provides financing options for customers to purchase tickets in installments. |
Vivid Seats Inc.'s Porter Forces
Threat Of Substitutes
Vivid Seats Inc. operates in a niche market, and there are limited substitutes for its services. However, the rise of alternative ticketing platforms and secondary marketplaces poses a moderate threat to the company.
Bargaining Power Of Customers
Vivid Seats Inc. has a large customer base, but customers have significant bargaining power due to the availability of alternative ticketing platforms and the ease of switching to competitors.
Bargaining Power Of Suppliers
Vivid Seats Inc. has a diverse supplier base, and suppliers have limited bargaining power due to the company's large scale and negotiating power.
Threat Of New Entrants
While there are barriers to entry in the ticketing industry, new entrants can still pose a threat to Vivid Seats Inc. However, the company's established brand and large customer base provide some protection.
Intensity Of Rivalry
The ticketing industry is highly competitive, and Vivid Seats Inc. faces intense rivalry from established players and new entrants. The company must continually innovate and improve its services to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 71.89% |
| Debt Cost | 3.95% |
| Equity Weight | 28.11% |
| Equity Cost | 10.35% |
| WACC | 5.75% |
| Leverage | 255.73% |
Vivid Seats Inc. : Quality Control
Vivid Seats Inc. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TRUE | TrueCar, Inc. operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables … |
| GRPN | Groupon, Inc., together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on … |
| SCOR | comScore, Inc. operates as an information and analytics company that measures advertising, consumer behavior, and audiences across media platforms in the United States, Europe, Latin America, Canada, and internationally. The … |
| BZFD | BuzzFeed, Inc., a digital media company, provides breaking news, original reporting, entertainment, and videos across the social web to its global audience. It provides BuzzFeed, a go-to authority for entertainment, … |
| MAX | MediaAlpha, Inc., through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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