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Communication Services - Internet Content & Information - NASDAQ - US
$ 1.85
-5.08 %
$ 240 M
Market Cap
-62.33
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 22, 2025.

The intrinsic value of one SEAT stock under the worst case scenario is HIDDEN Compared to the current market price of 1.85 USD, Vivid Seats Inc. is HIDDEN

This DCF valuation model was last updated on May, 22, 2025.

The intrinsic value of one SEAT stock under the base case scenario is HIDDEN Compared to the current market price of 1.85 USD, Vivid Seats Inc. is HIDDEN

This DCF valuation model was last updated on May, 22, 2025.

The intrinsic value of one SEAT stock under the best case scenario is HIDDEN Compared to the current market price of 1.85 USD, Vivid Seats Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
776 M REVENUE
8.80%
42.2 M OPERATING INCOME
-48.09%
14.3 M NET INCOME
-80.81%
53.9 M OPERATING CASH FLOW
-63.40%
-26.7 M INVESTING CASH FLOW
88.15%
86.1 M FINANCING CASH FLOW
298.20%
164 M REVENUE
-17.91%
-4.32 M OPERATING INCOME
-148.85%
-9.79 M NET INCOME
-121.75%
-25.3 M OPERATING CASH FLOW
-52.92%
-7.57 M INVESTING CASH FLOW
14.97%
-11.6 M FINANCING CASH FLOW
-542.06%
Balance Sheet Vivid Seats Inc.
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Current Assets 345 M
Cash & Short-Term Investments 243 M
Receivables 48.3 M
Other Current Assets 53.4 M
Non-Current Assets 1.29 B
Long-Term Investments 6.93 M
PP&E 24.6 M
Other Non-Current Assets 1.26 B
Current Liabilities 426 M
Accounts Payable 233 M
Short-Term Debt 3.95 M
Other Current Liabilities 189 M
Non-Current Liabilities 596 M
Long-Term Debt 404 M
Other Non-Current Liabilities 193 M
EFFICIENCY
Earnings Waterfall Vivid Seats Inc.
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Revenue 776 M
Cost Of Revenue 202 M
Gross Profit 574 M
Operating Expenses 532 M
Operating Income 42.2 M
Other Expenses 27.9 M
Net Income 14.3 M
RATIOS
73.97% GROSS MARGIN
73.97%
5.44% OPERATING MARGIN
5.44%
1.22% NET MARGIN
1.22%
3.61% ROE
3.61%
0.58% ROA
0.58%
2.19% ROIC
2.19%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Vivid Seats Inc.
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Net Income 14.3 M
Depreciation & Amortization 44.2 M
Capital Expenditures -4.23 M
Stock-Based Compensation 50.4 M
Change in Working Capital -53 M
Others -45.5 M
Free Cash Flow 49.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Vivid Seats Inc.
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Wall Street analysts predict an average 1-year price target for SEAT of $5.28 , with forecasts ranging from a low of $3 to a high of $8 .
SEAT Lowest Price Target Wall Street Target
3 USD 62.16%
SEAT Average Price Target Wall Street Target
5.28 USD 185.14%
SEAT Highest Price Target Wall Street Target
8 USD 332.43%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.23 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Vivid Seats Inc.
image
Sold
0-3 MONTHS
88 K USD 3
3-6 MONTHS
30.1 K USD 3
6-9 MONTHS
30.1 K USD 3
9-12 MONTHS
32.1 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
May 12, 2025
Sell 28.8 K USD
Epstein Emily T
General Counsel
- 14476
1.99 USD
1 week ago
May 13, 2025
Sell 2.65 K USD
Epstein Emily T
General Counsel
- 1366
1.94 USD
1 month ago
Apr 21, 2025
Sell 2.53 K USD
Bakal Riva
Chief Strategy Officer
- 1125
2.25 USD
1 month ago
Apr 21, 2025
Sell 1.2 K USD
Pickus Edward
Chief Accounting Officer
- 534
2.25 USD
2 months ago
Mar 14, 2025
Sell 40.6 K USD
Epstein Emily T
General Counsel
- 14545
2.79 USD
2 months ago
Mar 13, 2025
Sell 9.02 K USD
Bakal Riva
Chief Strategy Officer
- 3188
2.83 USD
2 months ago
Mar 13, 2025
Sell 3.19 K USD
Pickus Edward
Chief Accounting Officer
- 1128
2.83 USD
3 months ago
Feb 13, 2025
Sell 7.09 K USD
Epstein Emily T
General Counsel
- 1611
4.4 USD
4 months ago
Jan 21, 2025
Sell 3.04 K USD
Pickus Edward
Chief Accounting Officer
- 634
4.8 USD
4 months ago
Jan 21, 2025
Sell 6.44 K USD
Bakal Riva
Chief Strategy Officer
- 1342
4.8 USD
5 months ago
Dec 12, 2024
Sell 2.57 K USD
Pickus Edward
Chief Accounting Officer
- 746
3.44 USD
5 months ago
Dec 12, 2024
Sell 11 K USD
Bakal Riva
Chief Strategy Officer
- 3186
3.44 USD
6 months ago
Nov 13, 2024
Sell 5.43 K USD
Epstein Emily T
General Counsel
- 1382
3.93 USD
7 months ago
Oct 21, 2024
Sell 2.22 K USD
Pickus Edward
Chief Accounting Officer
- 542
4.09 USD
7 months ago
Oct 21, 2024
Sell 7.08 K USD
Bakal Riva
Chief Strategy Officer
- 1730
4.09 USD
8 months ago
Sep 12, 2024
Sell 12.5 K USD
Bakal Riva
Chief Strategy Officer
- 3100
4.03 USD
8 months ago
Sep 12, 2024
Sell 2.93 K USD
Pickus Edward
Chief Accounting Officer
- 726
4.03 USD
9 months ago
Aug 13, 2024
Sell 5.2 K USD
Epstein Emily T
General Counsel
- 1382
3.76 USD
10 months ago
Jul 22, 2024
Sell 9.03 K USD
Bakal Riva
Chief Strategy Officer
- 1717
5.26 USD
10 months ago
Jul 22, 2024
Sell 2.82 K USD
Pickus Edward
Chief Accounting Officer
- 537
5.26 USD
11 months ago
Jun 12, 2024
Sell 11.1 K USD
Bakal Riva
Chief Strategy Officer
- 2051
5.42 USD
11 months ago
Jun 12, 2024
Sell 3.93 K USD
Pickus Edward
Chief Accounting Officer
- 725
5.42 USD
1 year ago
May 13, 2024
Sell 7.66 K USD
Epstein Emily T
General Counsel
- 1381
5.55 USD
1 year ago
Apr 22, 2024
Sell 6.7 K USD
Bakal Riva
Chief Strategy Officer
- 1136
5.9 USD
1 year ago
Apr 22, 2024
Sell 3.17 K USD
Pickus Edward
Chief Accounting Officer
- 537
5.9 USD
1 year ago
Mar 12, 2024
Sell 169 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 29588
5.71 USD
1 year ago
Mar 12, 2024
Sell 4.14 K USD
Pickus Edward
Chief Accounting Officer
- 725
5.71 USD
1 year ago
Mar 12, 2024
Sell 11.7 K USD
Bakal Riva
Chief Strategy Officer
- 2051
5.71 USD
1 year ago
Feb 13, 2024
Sell 9.55 K USD
Epstein Emily T
General Counsel
- 1619
5.9 USD
1 year ago
Jan 22, 2024
Sell 12.2 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 2125
5.72 USD
1 year ago
Jan 22, 2024
Sell 7.68 K USD
Bakal Riva
Chief Strategy Officer
- 1342
5.72 USD
1 year ago
Jan 22, 2024
Sell 3.63 K USD
Pickus Edward
Chief Accounting Officer
- 634
5.72 USD
1 year ago
Dec 12, 2023
Sell 20.3 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 2915
6.95 USD
1 year ago
Dec 12, 2023
Sell 5.01 K USD
Pickus Edward
Chief Accounting Officer
- 721
6.95 USD
1 year ago
Dec 12, 2023
Sell 147 M USD
Hoya Topco, LLC
10 percent owner
- 23575000
6.24 USD
1 year ago
Dec 12, 2023
Sell 14.2 K USD
Bakal Riva
Chief Strategy Officer
- 2039
6.95 USD
1 year ago
Nov 13, 2023
Sell 39.8 K USD
Epstein Emily T
General Counsel
- 5447
7.31 USD
1 year ago
Oct 20, 2023
Sell 3.18 K USD
Pickus Edward
Chief Accounting Officer
- 537
5.93 USD
1 year ago
Oct 20, 2023
Sell 10.6 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 1792
5.93 USD
1 year ago
Oct 20, 2023
Sell 6.74 K USD
Bakal Riva
Chief Strategy Officer
- 1137
5.93 USD
1 year ago
Sep 12, 2023
Sell 20 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 2950
6.77 USD
1 year ago
Sep 12, 2023
Sell 4.94 K USD
Pickus Edward
Chief Accounting Officer
- 730
6.77 USD
1 year ago
Sep 12, 2023
Sell 14 K USD
Bakal Riva
Chief Strategy Officer
- 2063
6.77 USD
1 year ago
Jul 20, 2023
Sell 14.9 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 1804
8.25 USD
1 year ago
Jul 20, 2023
Sell 4.46 K USD
Pickus Edward
Chief Accounting Officer
- 541
8.25 USD
1 year ago
Jul 20, 2023
Sell 9.44 K USD
Bakal Riva
Chief Strategy Officer
- 1144
8.25 USD
1 year ago
Jun 15, 2023
Sell 18.4 M USD
Hoya Topco, LLC
10 percent owner
- 2400000
7.68 USD
1 year ago
Jun 12, 2023
Sell 22.7 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 2905
7.82 USD
1 year ago
Jun 12, 2023
Sell 5.63 K USD
Pickus Edward
Chief Accounting Officer
- 720
7.82 USD
1 year ago
Jun 12, 2023
Sell 15.9 K USD
Bakal Riva
Chief Strategy Officer
- 2037
7.82 USD
1 year ago
Jun 08, 2023
Sell 96.9 K USD
Dixon Craig A.
Director
- 12500
7.75 USD
2 years ago
May 22, 2023
Sell 123 M USD
Hoya Topco, LLC
10 percent owner
- 16000000
7.68 USD
2 years ago
Apr 20, 2023
Sell 13.2 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 1801
7.34 USD
2 years ago
Apr 20, 2023
Sell 3.97 K USD
Pickus Edward
Chief Accounting Officer
- 541
7.34 USD
2 years ago
Apr 20, 2023
Sell 8.4 K USD
Bakal Riva
Chief Strategy Officer
- 1145
7.34 USD
2 years ago
Mar 13, 2023
Sell 82.8 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 11757
7.04 USD
2 years ago
Mar 13, 2023
Sell 20.4 K USD
Pickus Edward
Chief Accounting Officer
- 2893
7.04 USD
2 years ago
Mar 13, 2023
Sell 58 K USD
Bakal Riva
Chief Strategy Officer
- 8243
7.04 USD
2 years ago
Jan 20, 2023
Sell 16.7 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 2124
7.88 USD
2 years ago
Jan 20, 2023
Sell 4.99 K USD
Pickus Edward
Chief Accounting Officer
- 633
7.88 USD
2 years ago
Jan 20, 2023
Sell 10.6 K USD
Bakal Riva
Chief Strategy Officer
- 1341
7.88 USD
2 years ago
Dec 29, 2022
Sell 36.7 K USD
Dixon Craig A.
Director
- 4889
7.5 USD
2 years ago
Oct 20, 2022
Sell 13.9 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 1798
7.72 USD
2 years ago
Oct 20, 2022
Sell 4.16 K USD
Pickus Edward
Chief Accounting Officer
- 539
7.72 USD
2 years ago
Oct 20, 2022
Sell 3.45 K USD
Morris David E.
General Counsel
- 447
7.72 USD
2 years ago
Oct 20, 2022
Sell 8.81 K USD
Bakal Riva
Chief Strategy Officer
- 1141
7.72 USD
2 years ago
Oct 04, 2022
Sell 0 USD
Boehly Todd L
Director
- 2500000
0 USD
2 years ago
Oct 04, 2022
Sell 24.4 M USD
Eldridge Industries, LLC
10 percent owner
- 2500000
9.77 USD
2 years ago
Jul 19, 2022
Sell 15.1 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 1792
8.44 USD
2 years ago
Jul 19, 2022
Sell 4.53 K USD
Pickus Edward
Chief Accounting Officer
- 537
8.44 USD
2 years ago
Jul 19, 2022
Sell 3.76 K USD
Morris David E.
General Counsel
- 446
8.44 USD
2 years ago
Jul 19, 2022
Sell 9.6 K USD
Bakal Riva
Chief Strategy Officer
- 1137
8.44 USD
3 years ago
Apr 19, 2022
Sell 18.5 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 1790
10.35 USD
3 years ago
Apr 19, 2022
Sell 5.43 K USD
Pickus Edward
Chief Accounting Officer
- 525
10.35 USD
3 years ago
Apr 19, 2022
Sell 4.61 K USD
Morris David E.
General Counsel
- 445
10.35 USD
3 years ago
Apr 19, 2022
Sell 11.8 K USD
Bakal Riva
SVP, Strategy & Product
- 1136
10.35 USD
3 years ago
Mar 14, 2022
Bought 296 K USD
DeFlorio Jane E.
director:
+ 28000
10.57 USD
3 years ago
Jan 20, 2022
Sell 14.2 K USD
Bakal Riva
SVP, Strategy & Product
- 1351
10.4993 USD
3 years ago
Jan 20, 2022
Sell 22.5 K USD
Wagner Jonathan Miles
Chief Technology Officer
- 2139
10.5004 USD
3 years ago
Jan 20, 2022
Sell 6.7 K USD
Pickus Edward
Chief Accounting Officer
- 638
10.5007 USD
3 years ago
Jan 20, 2022
Sell 5.61 K USD
Morris David E.
General Counsel
- 534
10.4987 USD
3 years ago
Dec 14, 2021
Sell 365 M USD
SECURITY BENEFIT LIFE INSURANCE CO /KS/
10 percent owner
- 36507173
10 USD
7. News
Vivid Seats, Inc. (SEAT) Q1 2025 Earnings Call Transcript Vivid Seats, Inc. (NASDAQ:SEAT ) Q1 2025 Earnings Conference Call May 6, 2025 8:30 AM ET Company Participants Emily Epstein - General Counsel Stan Chia - CEO Larry Fey - CFO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Curtis Nagle - Bank of America Merrill Lynch Thomas Forte - Maxim Group Maria Ripps - Canaccord Andrew Marok - Raymond James Dan Kurnos - The Benchmark Company Ralph Schackart - William Blair Operator Good morning and welcome to the Vivid Seats First Quarter 2025 Earnings Conference Call. Following the management's prepared remarks, we will open the call for Q&A. seekingalpha.com - 2 weeks ago
Vivid Seats Reports First Quarter 2025 Results CHICAGO, May 06, 2025 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or “we”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today provided financial results for the first quarter ended March 31, 2025. globenewswire.com - 2 weeks ago
Vivid Seats to Report First Quarter 2025 Financial Results CHICAGO, April 24, 2025 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ:SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, will report financial results for the first quarter 2025 on Tuesday, May 6, 2025, before the U.S. stock market opens. Management will discuss the results on a webcast at 8:30 a.m. ET. globenewswire.com - 4 weeks ago
CEO of VW's Spanish unit SEAT steps down, report says The chairman and chief executive of Volkswagen's Spanish unit SEAT, Wayne Griffiths, is stepping down, La Vanguardia newspaper reported on Monday, citing sources close to the company. reuters.com - 1 month ago
Vivid Seats: 2025 Guidance Suggests Major Market Share Pressure (Rating Downgrade) Vivid Seats' Q4 financials met expectations with moderate marketplace volume, but strong monetization. The 2025 guidance is weak. While industry activity is improving, Vivid Seats guides stagnant GOV and revenues as competitive pressure in marketing is weakening market share prospects. Due to rising uncertainty, Vivid Seats' incredibly cheap stock valuation seems fair for now; I suggest waiting for a better immediate earnings outlook. seekingalpha.com - 2 months ago
[Corrected Press Release] Vivid Seats Reports Fourth Quarter and Full Year 2024 Results CHICAGO, March 12, 2025 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or “we”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, is re-issuing in its entirety its press release providing financial results for the full year and fourth quarter ended December 31, 2024, originally issued on March 12, 2025 at 6:30 a.m. ET, to correct the consolidated statement of cash flows attached thereto by (i) replacing the line item "Loss on extinguishment of debt" with the line item "Adjustment of liabilities under TRA" in the Cash flows from operating activities section and (ii) adding the line item "Investments in developed technology" in the Cash flows from investing activities section. globenewswire.com - 2 months ago
Vivid Seats Inc. (SEAT) Q4 2024 Earnings Conference Call Transcript Vivid Seats Inc. (NASDAQ:SEAT ) Q4 2024 Earnings Conference Call March 12, 2025 8:30 AM ET Company Participants Kate Africk - Head, IR Stan Chia - CEO Larry Fey - CFO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Dan Kurnos - the Benchmark Company Maria Ripps - Canaccord Cameron Mansson-Perrone - Morgan Stanley Andrew Marok - Raymond James Curtis Nagle - Bank of America Jason Bazinet - Citi Thomas Forte - Maxim Group Operator Good morning and welcome to the Vivid Seats Fourth Quarter 2024 Earnings Conference Call. Following management's prepared remarks, we will open the call for Q&A. seekingalpha.com - 2 months ago
Vivid Seats Reports Fourth Quarter and Full Year 2024 Results CHICAGO, March 12, 2025 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or “we”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today provided financial results for the full year and fourth quarter ended December 31, 2024. globenewswire.com - 2 months ago
Vivid Seats Releases Inaugural 2025 MLB Fan Loyalty Report CHICAGO, March 10, 2025 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today released its 2025 MLB Fan Loyalty Report ahead of the 2025 season. The report reflects Vivid Seats data for 2024-2025 regular seasons and reveals fan dedication to their favorite MLB teams through travel patterns and ticket demand as well as ticket trends for the upcoming season. globenewswire.com - 2 months ago
Vivid Seats to Report Fourth Quarter and Full Year 2024 Financial Results CHICAGO, March 03, 2025 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ:SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, will report financial results for the fourth quarter and full year 2024 on Wednesday, March 12, 2025, before the U.S. stock market opens. Management will discuss the results on a webcast at 8:30 a.m. ET. globenewswire.com - 2 months ago
Exclusive: VW's SEAT boss warns Spanish jobs at risk if China-made EV tariff is not lowered Volkswagen's SEAT, the Spanish subsidiary of Europe's largest carmaker, will be forced to cut output and lay off around 1,500 workers if the EU does not lower its tariff on the brand's China-made electric car by the end of March, its CEO told Reuters. reuters.com - 3 months ago
Inaugural College Basketball Crown Releases Ticket & Television Schedule Tickets to Go on Sale Friday, Feb. 7, 2025 – Exclusively via Vivid Seats Las Vegas to Host Inaugural Tournament at MGM Grand Garden Arena and T-Mobile Arena  from Monday, March 31 to Sunday, April 6 Full College Basketball Crown Television Schedule Set for FOX and FS1 CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Today, the College Basketball Crown announced that tickets for the inaugural postseason college hoops tournament will go on sale Friday, February 7, 2025 – exclusively via Vivid Seats, the Official Ticketing Provider of the College Basketball Crown. Beginning at 10:00am Pacific Time on Friday, fans can visit authorized marketplace Vivid Seats to purchase tickets. globenewswire.com - 3 months ago
8. Profile Summary

Vivid Seats Inc. SEAT

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COUNTRY US
INDUSTRY Internet Content & Information
MARKET CAP $ 240 M
Dividend Yield 0.00%
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.
Contact 111 North Canal Street, Chicago, IL, 60606 https://www.vividseats.com
IPO Date Oct. 20, 2021
Employees 768
Officers Ms. Riva Bakal Chief Product & Strategy Officer Mr. Geoff Lester Chief Commercial Officer Mr. Edward Pickus Chief Accounting Officer Kate Africk Head of Investor Relations Mr. Eric Vassilatos Co-Founder Mr. Stefano Langenbacher Chief Technology Officer Ms. Emily Tabak Epstein General Counsel Ms. Sarah Doll Chief People Officer Mr. Stanley Chia Chief Executive Officer, President & Director Mr. Lawrence C. Fey IV Chief Financial Officer