Vivid Seats Inc.
Vivid Seats Inc. is a U.S.-based online ticket marketplace that connects fans of live events with ticket sellers through its website, mobile app, and partner distribution channels. The company also provides software and services for ticket sellers, including its Skybox ERP platform, and operates adjacent live-event and travel offerings through owned properties such as Vegas.com and Wavedash.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaService and delivery fees from facilitating ticket purchases for live events.
Ticket resale activity through the Resale segment and related marketplace flows.
Vegas.com bookings for shows, attractions, tours, flights, and hotels in Las Vegas.
Skybox ERP and related tools that help ticket sellers manage inventory and fulfillment.
Event insurance referrals, payment options, and other buyer-facing add-ons.
Tuotteet
Raportoitu · osuus liikevaihdosta- Concerts41,3 %
- Sports31,6 %
- Theater22,7 %
- Other4,4 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Vivid Seats serves two core customer groups: ticket buyers seeking access to live events and ticket sellers who need tools and distribution to move inventory. It also works with media partners, sports leagues, teams, venues, and other distribution partners that help drive traffic and supply to the marketplace. Vegas.com extends the customer base into Las Vegas entertainment and travel shoppers.
Consumers purchasing live-event tickets through the app, website, or partner channels because of price, selection, guarantees, and loyalty rewards.
Resellers and ticket businesses using Skybox and marketplace access to manage inventory, pricing, and order fulfillment.
Partners that embed or resell ticketing through their own customer bases to monetize traffic and broaden reach.
Sports leagues, teams, and venues that provide inventory, marketing rights, and exclusive experiences in exchange for promotion.
Customers booking shows, attractions, tours, flights, and hotels through Vegas.com.
Strategia
Vivid Seats focuses on attracting and retaining buyers, sellers, and partners through competitive pricing, broad ticket inventory, and a loyalty-driven customer experience. It also invests in technology, performance marketing, and seller tools such as Skybox to deepen marketplace liquidity and improve repeat usage. Partnerships and owned properties are used to expand traffic sources and broaden the company’s live-event ecosystem.
Marketplace liquidity depends on repeat buyer demand and efficient customer acquisition.
Ticket supply and distribution breadth are essential to competitive pricing and selection.
Higher engagement supports repeat orders, lower acquisition costs, and more ancillary revenue.
Maantiede
Vivid Seats is headquartered in the United States and generates substantially all of its sales there, with the business centered on U.S. live events and ticketing demand. It also has international exposure through Wavedash in Japan and operates Vegas.com in Las Vegas, while the company’s customer demand is influenced by U.S. tourism and discretionary spending. Geography matters because live-event attendance, tourism flows, and local entertainment ecosystems directly affect ticket supply and buyer demand.
Riskit
The business is exposed to swings in live-event supply and consumer demand, both of which depend on artists, sports leagues, venues, and discretionary spending. It also faces intense competition for traffic, inventory, and seller relationships, while its marketplace model depends on reliable technology, marketing efficiency, and partner execution. As a public company, it also carries risks tied to stock volatility, capital structure changes, and judgment-heavy accounting estimates.
- Decline in live-event supplyVaikutus: KorkeaTodennäköisyys: Kohtalainen
Fewer concerts, games, or venue offerings reduce ticket inventory and marketplace activity.
Kohdistuu: Concerts and sports events
- Weak discretionary demandVaikutus: KorkeaTodennäköisyys: Kohtalainen
Ticket purchases are discretionary and can fall when consumers face inflation or macro pressure.
Kohdistuu: U.S. consumer demand
- Competitive pressure on traffic and pricingVaikutus: KorkeaTodennäköisyys: Kohtalainen
The company competes on selection, price, brand, and search visibility, which can compress conversion and raise acquisition costs.
Kohdistuu: Online ticket marketplace
- Dependence on partners and sellersVaikutus: KeskitasoTodennäköisyys: Korkea
Marketplace liquidity relies on relationships with sellers, venues, leagues, and distribution partners.
Kohdistuu - Public-company and capital structure volatilityVaikutus: KeskitasoTodennäköisyys: Matala
Share price swings, repurchases, refinancing, and stock issuance can affect investor returns and flexibility.
Kohdistuu: Nasdaq-listed equity
Kirjanpito
Harkinnanvaraiset erätMarketplace revenue is primarily service and delivery fees, so timing and gross/net presentation matter.
Vaikutus: Affects reported revenue and comparability across periods
Acquired businesses such as Vegas.com and Wavedash create assets that must be tested for recoverability.
Vaikutus: Can create non-cash charges if expected cash flows weaken
These instruments are remeasured using estimates and can move with market conditions.
Vaikutus: Can add volatility to non-operating income and net results
Stock awards are a recurring employee cost and affect operating expense presentation.
Vaikutus: Impacts compensation expense and diluted share count
Tax benefits and deferred tax assets depend on future taxable income and realizability assumptions.
Vaikutus: Can materially affect effective tax rate and equity
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Päivitetty: 24.9.2026