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Vivid Seats Inc. operates as an online ticket marketplace in the United States, Canada, and Japan. It operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers through its website and mobile applications, including Vivid Seats; Vegas.com, an online ticket marketplace for shows, attractions, tours, flights, and hotels in Las Vegas; Wavedash, an online ticket marketplace in Tokyo, Japan; and Vivid Picks, a real-money daily fantasy sports mobile application with social and gamification features. This segment also 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; and sells tickets for sports, concerts, theater events, and other live events. 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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Vivid Seats operates an online marketplace for resale tickets to live sports, concerts and theater, earning revenue from service fees and commissions. Long-term growth may be driven by recovering live-event attendance, greater digital adoption, network effects and partnership expansion, making it appealing for investors seeking exposure to a scalable ticketing platform.
Key risks include strong competition from larger platforms, sensitivity to consumer discretionary spending and event cancellations, regulatory and legal exposure around resale practices, and execution risk in restoring consistent profitability.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -652.11M | 22.72M | 70.94M | 69.19M | -18.82M |
| Minority interest | 292.19M | -4.88M | -49.79M | 42.12M | -3.01M |
| Net income | -429.30M | 9.43M | 74.54M | 70.78M | -19.13M |
| Selling general administrative | 173.37M | 194.68M | 153.12M | 127.62M | 92.17M |
| Selling and marketing expenses | 230.56M | 285.15M | 274.10M | 248.38M | 181.36M |
| Gross profit | 397.34M | 573.73M | 530.70M | 459.77M | 352.42M |
| Reconciled depreciation | 50.91M | 45.94M | 13.24M | 9.90M | 2.32M |
| Ebit | -628.36M | 45.89M | 84.45M | 78.11M | 76.57M |
| Ebitda | -577.46M | 91.83M | 102.44M | 92.00M | 77.50M |
| Depreciation and amortization | 50.91M | 45.94M | 18.00M | 13.89M | 0.93M |
| Non operating income net other | - | - | - | -4.29M | -35.83M |
| Operating income | -56.50M | 42.23M | 81.34M | 78.11M | 76.57M |
| Other operating expenses | 627.27M | 733.36M | 631.54M | 524.23M | 366.47M |
| Interest expense | 23.74M | 23.17M | 13.51M | 12.86M | 58.18M |
| Tax provision | 69.39M | 8.42M | -23.39M | -1.59M | 0.30M |
| Net interest income | -23.74M | -23.17M | -11.91M | -12.86M | -58.18M |
| Non recurring | - | - | - | -2.06M | - |
| Income tax expense | 69.39M | 8.42M | -42.20M | -1.59M | 0.30M |
| Total revenue | 570.78M | 775.59M | 712.88M | 600.27M | 443.04M |
| Total operating expenses | 453.83M | 531.51M | 449.36M | 383.73M | 275.85M |
| Cost of revenue | 173.44M | 201.85M | 182.18M | 140.51M | 90.62M |
| Total other income expense net | -595.61M | -19.51M | -10.40M | -8.92M | -95.40M |
| Net income from continuing ops | -721.49M | 14.30M | 109.45M | 70.78M | -19.13M |
| Net income applicable to common shares | - | - | - | 70.79M | -16.12M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 636.87M | 1636.10M | 1550.10M | 1151.43M | 1408.80M |
| Intangible assets | 141.53M | 233.12M | 241.16M | 81.98M | 78.51M |
| Other current assets | 26.94M | 33.77M | 34.06M | 29.91M | 62.93M |
| Total liab | 722.00M | 1022.06M | 963.34M | 671.27M | 983.46M |
| Total stockholder equity | -85.13M | 261.11M | 105.02M | -382.70M | -860.68M |
| Other current liab | 125.96M | 165.05M | 191.64M | 181.97M | 38.52M |
| Common stock | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M |
| Capital stock | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M |
| Retained earnings | -1359.47M | -930.17M | -945.69M | -1014.13M | -1042.79M |
| Other liab | - | - | - | 13.45M | 25.83M |
| Good will | 283.92M | 943.12M | 947.36M | 715.26M | 718.20M |
| Other assets | - | - | - | 4.39M | 0.79M |
| Cash | 102.70M | 243.48M | 132.43M | 251.54M | 489.53M |
| Total current liabilities | 303.28M | 425.79M | 487.76M | 378.01M | 497.50M |
| Current deferred revenue | 19.97M | 23.80M | 34.67M | 31.98M | 25.14M |
| Net debt | 301.11M | 164.16M | 152.35M | 31.02M | -29.40M |
| Short term debt | 3.93M | 3.95M | 3.93M | 2.75M | 242.64M |
| Short long term debt | 3.93M | 3.95M | 3.93M | 2.75M | - |
| Short long term debt total | 403.81M | 407.64M | 284.78M | 282.56M | 460.13M |
| Other stockholder equity | 1274.15M | 1192.14M | 1049.94M | 631.41M | 182.09M |
| Property plant equipment | - | - | - | 10.43M | 1.08M |
| Total current assets | 178.47M | 345.17M | 245.99M | 331.52M | 610.21M |
| Long term investments | 4.24M | 3.60M | 2.87M | - | - |
| Net tangible assets | - | - | - | -317.07M | -1657.40M |
| Net receivables | 30.66M | 48.31M | 58.48M | 36.53M | 36.12M |
| Long term debt | 383.43M | 384.96M | 264.63M | 264.90M | 460.13M |
| Inventory | 18.17M | 19.60M | 21.02M | 12.78M | 11.77M |
| Accounts payable | 153.42M | 232.98M | 257.51M | 161.31M | 191.20M |
| Noncontrolling interest in consolidated entity | - | - | - | - | 1286.02M |
| Accumulated other comprehensive income | 0.17M | -0.88M | 0.75M | - | - |
| Common stock total equity | - | - | - | 0.02M | - |
| Retained earnings total equity | - | - | - | -1014.13M | -1042.79M |
| Treasury stock | - | - | - | -32.49M | - |
| Non currrent assets other | 3.58M | 5.22M | 3.05M | 4.39M | 0.79M |
| Non current assets total | 458.39M | 1290.92M | 1304.11M | 819.91M | 798.58M |
| Capital lease obligations | 16.45M | 18.73M | 16.21M | 14.91M | - |
| Long term debt total | - | - | - | 14.91M | 460.13M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.00M | -26.74M | -74.56M | -15.41M | -9.35M |
| Change to liabilities | - | - | - | -125.19M | 147.34M |
| Total cashflows from investing activities | -20.17M | -26.74M | -225.64M | -15.41M | -9.35M |
| Net borrowings | -2.95M | 120.18M | -3.03M | -197.63M | 18.02M |
| Total cash from financing activities | -29.37M | 86.08M | -43.43M | -236.48M | -6.11M |
| Change to operating activities | - | - | - | -55.50M | 21.63M |
| Net income | -721.49M | 14.30M | 113.14M | 70.78M | -19.13M |
| Change in cash | -141.34M | 112.21M | -119.86M | -237.52M | 204.47M |
| Begin period cash flow | 244.65M | 132.43M | 252.29M | 489.81M | 285.34M |
| End period cash flow | 103.31M | 244.65M | 132.43M | 252.29M | 489.81M |
| Total cash from operating activities | -91.60M | 53.92M | 147.32M | 14.38M | 219.93M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 475.17M |
| Depreciation | 50.91M | 45.94M | 18.00M | 7.73M | 2.32M |
| Other cashflows from investing activities | -18.01M | -22.52M | -11.88M | -11.86M | -8.21M |
| Dividends paid | - | - | 0.00M | 5.25M | 17.70M |
| Change to inventory | 1.43M | 1.41M | -8.18M | -1.01M | -4.31M |
| Change to account receivables | 17.55M | 9.78M | -17.13M | -0.33M | -0.87M |
| Sale purchase of stock | -18.30M | -22.98M | -20.09M | -32.49M | -236.03M |
| Other cashflows from financing activities | -8.13M | -11.12M | -20.31M | 263.79M | 229.59M |
| Change to netincome | - | - | - | 15.59M | 65.47M |
| Capital expenditures | 19.25M | 4.23M | 12.78M | 15.41M | 9.65M |
| Change receivables | - | - | - | -0.33M | -0.87M |
| Cash flows other operating | - | - | - | 45.76M | 26.62M |
| Cash and cash equivalents changes | - | - | - | -237.52M | 204.47M |
| Change in working capital | -105.95M | -53.01M | 36.19M | -80.77M | 163.79M |
| Stock based compensation | 36.73M | 50.43M | 27.61M | 19.05M | 6.05M |
| Other non cash items | 573.46M | -4.98M | -2.76M | -2.42M | 29.69M |
| Free cash flow | -110.85M | 49.70M | 134.54M | -1.03M | 210.28M |
Sector: Communication Services Industry: Internet Content & Information
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SEAT Vivid Seats Inc |
-0.07 4.70% |
1.42 | - | 22.73 | 0.10 | 0.25 | 0.61 | 5.84 |
| GOOGL Alphabet Inc Class A |
6.07 2.11% |
293.45 | 17.55 | 22.73 | 9.46 | 6.87 | 9.29 | 12.67 |
| GOOG Alphabet Inc Class C |
5.71 2.00% |
290.63 | 17.36 | 22.47 | 9.37 | 6.79 | 9.29 | 12.67 |
| META Meta Platforms Inc. |
-12.62 1.97% |
628.77 | 25.07 | 19.72 | 7.48 | 6.49 | 7.53 | 15.30 |
| TCEHY Tencent Holdings Ltd ADR |
-1.36 2.58% |
51.36 | 14.57 | 11.89 | 0.64 | 2.94 | 4.22 | 10.99 |
Vivid Seats Inc. operates as an online ticket marketplace in the United States, Canada, and Japan. It operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers through its website and mobile applications, including Vivid Seats; Vegas.com, an online ticket marketplace for shows, attractions, tours, flights, and hotels in Las Vegas; Wavedash, an online ticket marketplace in Tokyo, Japan; and Vivid Picks, a real-money daily fantasy sports mobile application with social and gamification features. This segment also 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; and sells tickets for sports, concerts, theater events, and other live events. 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.
24 E. Washington Street, Chicago, IL, United States, 60602
312 291 9966
557
| Name | Title | Year Born |
|---|---|---|
| Mr. Stanley Chia | CEO, Pres & Director | 1982 |
| Mr. Lawrence C. Fey IV | Chief Financial Officer | 1980 |
| Mr. Jonathan Miles Wagner | Chief Technology Officer | 1974 |
| Mr. Jerry Bednyak | Co-Founder | NA |
| Mr. Eric Vassilatos | Co-Founder | NA |
| Mr. Edward Pickus | Chief Accounting Officer | NA |
| Emily Epstein | Gen. Counsel | NA |
| Tyra Neal | Chief Marketing Officer | NA |
| Ms. Sarah Doll | Chief People Officer | NA |
| Mr. Geoff Lester | Chief Commercial Officer | NA |
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