Financial Performance - Marketplace Gross Order Value (GOV) for 2024 was $3,892.6 million, down 1% from $3,920.5 million in 2023[5] - Revenues for 2024 reached $775.6 million, an increase of 9% from $712.9 million in 2023[5] - Net income for 2024 was $14.3 million, a decrease of 87% from $113.1 million in 2023[5] - Adjusted EBITDA for 2024 was $151.4 million, up 7% from $142.0 million in 2023[5] - Revenues for Q4 2024 were $199.8 million, a slight increase of 1% from $198.3 million in Q4 2023[5] - Revenues for the three months ended December 31, 2024, were $199,813 thousand, a slight increase from $198,303 thousand in the same period of 2023, while total revenues for the year ended December 31, 2024, reached $775,586 thousand, up from $712,879 thousand in 2023, representing a year-over-year growth of approximately 8.8%[19] - Adjusted EBITDA for the year ended December 31, 2024, was $151,419 thousand, compared to $141,982 thousand in 2023, reflecting an increase of approximately 6.5%[25] Future Projections - The company anticipates Marketplace GOV for 2025 to be in the range of $3.7 to $4.1 billion[14] - Expected revenues for 2025 are projected to be between $730.0 million and $810.0 million[14] - Adjusted EBITDA for 2025 is forecasted to be in the range of $110.0 to $150.0 million[14] Cancellations and Events - The company experienced 222,472 event cancellations in 2024, compared to 99,078 in 2023, indicating a significant increase in cancellations[7] Costs and Expenses - Total costs and expenses for the three months ended December 31, 2024, were $196,911 thousand, compared to $188,207 thousand in the same period of 2023, indicating an increase of about 4.5%[19] - Marketing and selling expenses for the year ended December 31, 2024, totaled $285,146 thousand, up from $274,096 thousand in 2023, marking an increase of approximately 4.3%[19] - Depreciation and amortization expenses for the year ended December 31, 2024, were $44,238 thousand, significantly higher than $17,178 thousand in 2023, reflecting a year-over-year increase of about 157.5%[19] - Interest expense for the year ended December 31, 2024, was $23,172 thousand, compared to $13,505 thousand in 2023, representing an increase of approximately 71.9%[19] Cash Flow - Cash provided by operating activities for the year ended December 31, 2024, was $53,922 thousand, down from $147,320 thousand in 2023, indicating a decrease of about 63.4%[21] - The company reported a net cash increase of $112,214 thousand for the year ended December 31, 2024, compared to a decrease of $119,856 thousand in 2023[21] Strategic Focus - The company plans to continue focusing on strategic investments and acquisitions to enhance its market position and operational efficiency[25]

Core Insights - Vivid Seats Inc. reported its financial results for the full year and fourth quarter ended December 31, 2024, highlighting a mixed performance with a decline in Marketplace Gross Order Value (GOV) but an increase in revenues and adjusted EBITDA [1][5]. Financial Performance - For the full year 2024, Marketplace GOV was $3,892.6 million, down 1% from $3,920.5 million in 2023 [5]. - Revenues for 2024 increased by 9% to $775.6 million from $712.9 million in 2023 [5]. - Adjusted EBITDA rose by 7% to $151.4 million compared to $142.0 million in 2023 [5]. - Net income for 2024 was $14.3 million, a significant decrease of 87% from $113.1 million in 2023 [5]. Fourth Quarter Highlights - In Q4 2024, Marketplace GOV was $994.4 million, down 11% from $1,112.3 million in Q4 2023 [5]. - Revenues for Q4 2024 were $199.8 million, a slight increase of 1% from $198.3 million in Q4 2023 [5]. - The company reported a net loss of $4.4 million in Q4 2024, compared to a net income of $28.5 million in Q4 2023 [5]. Operational Metrics - The number of Marketplace orders for the full year 2024 was 11,556, up from 10,898 in 2023 [4]. - The number of event cancellations increased significantly, with 222,472 cancellations in 2024 compared to 99,078 in 2023, impacting Marketplace GOV [10]. Strategic Initiatives - The company is focusing on international growth, having initiated its European launch, and is optimistic about long-term trends in the North American live events market [2]. - Vivid Seats is enhancing its technology platform with innovations like Game Center and Skybox Drive to improve seller functionality and marketplace efficiency [2]. 2025 Financial Outlook - For 2025, Vivid Seats anticipates Marketplace GOV in the range of $3.7 to $4.1 billion, revenues between $730.0 to $810.0 million, and adjusted EBITDA between $110.0 to $150.0 million [6].

Core Insights - Vivid Seats Inc. released its 2025 MLB Fan Loyalty Report, highlighting fan dedication and ticket demand trends for the upcoming MLB season [1][2] Ticket Demand and Pricing - Approximately 32% of Americans are eager to attend an MLB game in person this year, indicating strong interest [2] - The average price of MLB regular-season tickets has increased year-over-year, reflecting a growing demand for in-person attendance [2] Trending Teams and Games - The Los Angeles Dodgers are identified as the top trending team for ticket prices in the 2025 season, with their Opening Day game against the Detroit Tigers being the second hottest ticket [3][5] - The Detroit Tigers experienced a 29% increase in average ticket price compared to the previous season, showcasing their rising popularity [3][5] Fan Loyalty and Travel Patterns - The Los Angeles Dodgers have a dedicated fanbase, with 42% of fans attending games on the road, followed closely by the New York Yankees at 41% [4][12] - Fans are traveling an average of over 890 miles to attend games at Fenway Park for the Boston Red Sox, indicating strong support for the team [4][12] Most Traveled to Ballparks - The Atlanta Braves have the most widespread fanbase, covering 480 counties primarily in Southern States [6][12] - The average distances fans travel to attend games are significant, with the Boston Red Sox leading at 892 miles [12] Engagement and Promotions - Vivid Seats is promoting its app, which offers rewards for ticket purchases and features a trivia game for fans to earn discounts and enter drawings for free tickets [7][8]

Core Insights - Vivid Seats Inc. will report its financial results for Q4 and full year 2024 on March 12, 2025, before the U.S. stock market opens [1] - A live webcast discussing the results will take place at 8:30 a.m. ET on the same day [1][2] Company Overview - Founded in 2001, Vivid Seats is a leading online ticket marketplace that connects fans with live events, artists, and teams [3] - The company offers a wide selection of events and tickets in North America and features an industry-leading rewards program [3] - Vivid Seats also owns Vivid Picks, a daily fantasy sports app, and has been recognized for its customer service in ticketing [3]

Core Insights - Vivid Seats Inc. and The Bouqs Company are collaborating to support Kansas City Chiefs fans following a recent loss, offering discounts and consolation gifts [1][2][3] Company Overview - Vivid Seats is a leading online ticket marketplace founded in 2001, connecting fans with live events and offering a wide selection of tickets across North America [7] - The Bouqs Company, established in 2012, is a direct-to-consumer floral retailer that has disrupted the $100 billion global floral industry through a vertically integrated supply chain [8][9] Promotions and Offers - Vivid Seats is hosting a contest for Chiefs fans, providing two free NFL tickets for the next season and sending consolation flowers to the winner [2] - From February 10 to February 13, Vivid Seats is offering a 15% discount on live event tickets for Chiefs fans, while The Bouqs Co. is providing a $25 discount on flower arrangements [3] - A special code "SorryitHURTS" allows fans to send a red bouquet to friends in need of support [4] Customer Engagement - Vivid Seats has a rewards program that offers discounts and perks, including a free ticket after ten purchases and surprise upgrades [6] - The company encourages fans to connect their Spotify accounts to receive concert recommendations based on their music preferences [5]

Core Points - The College Basketball Crown is a new postseason tournament featuring a single-elimination format with 16 teams, set to take place in Las Vegas from March 31 to April 6, 2025 [3][2] - Tickets for the tournament will be available exclusively through Vivid Seats starting February 7, 2025 [1][4] - The tournament will be broadcasted on FOX and FS1, providing extensive coverage of the games [2][5] Company Insights - Vivid Seats is the official ticketing provider for the College Basketball Crown, emphasizing its commitment to enhancing the live sports experience through its loyalty program and ticketing services [4][6] - The Vivid Seats Rewards program offers fans various benefits, including discounts, ticket upgrades, and a free ticket after ten purchases, aiming to increase customer engagement and satisfaction [6][8] - Vivid Seats has established itself as a leading online ticket marketplace, recognized for its customer service and extensive selection of events [8] Industry Context - The College Basketball Crown aims to elevate the college basketball postseason landscape by providing more competitive matchups and engaging storylines for fans [3] - FOX Sports, as a major player in the sports broadcasting industry, will leverage its platforms to reach a wide audience during the tournament [9] - AEG, a prominent sports and live entertainment company, is involved in the organization of the event, showcasing its influence in the sports industry [10][11]

Core Points - The College Basketball Crown is set to take place in Las Vegas from March 31 to April 6, 2025, featuring a 16-team single-elimination tournament [4][3] - Tickets for the inaugural tournament will go on sale on February 7, 2025, exclusively through Vivid Seats [2][1] - The tournament will be broadcasted on FOX and FS1, with a full television schedule already established [3][2] Company Information - Vivid Seats is the official ticketing provider for the College Basketball Crown, offering a loyalty rewards program that includes discounts and ticket upgrades [5][8] - Vivid Seats aims to enhance the live entertainment experience for sports fans through its industry-leading ticketing services [5][10] - The company has been recognized for its customer service and provides a wide selection of events and tickets across North America [10] Industry Context - The College Basketball Crown represents a new addition to the college basketball postseason landscape, aiming to deliver high-level competition and engaging storylines [4][3] - The event is founded by AEG and FOX Sports, indicating a strong backing from major players in the sports and entertainment industry [3][12] - The tournament is expected to attract significant viewership and engagement, leveraging FOX Sports' extensive reach [12]

Core Insights - The 2025 Big Game at Caesars Superdome is the most in-demand Super Bowl ticket in 17 years, with a 204% increase in demand compared to the last Super Bowl hosted in New Orleans [2][3] - Average ticket prices for the Big Game are currently at $7,259, with the lowest entry price at $4,516 [3] - Airfare and hotel prices for the Big Game weekend have surged, with average round-trip airfare at $294 and hotel stays averaging $1,212 [6][9] Ticket Demand and Trends - The Big Game is the third hottest Super Bowl ticket in over a decade, surpassing previous events like Super Bowl XLVII and the 2024 Eras Tour [2] - Demand for tickets has increased by 38% compared to the last matchup between the Kansas City Chiefs and the Philadelphia Eagles during Super Bowl LVII [2] - The Philadelphia Eagles and San Francisco 49ers had the highest road-crowd average in the 2024-25 NFL regular season, each with 46% of the crowd [4][8] Travel Insights - Average airfare for travelers from across the U.S. is $294, with nonstop tickets averaging $979 [6] - Specific routes show significant price differences, such as round-trip airfare from Philadelphia to New Orleans averaging $224, while from Kansas City it averages $1,064 [6] - Hotel prices in New Orleans for the Big Game weekend are averaging $1,212 for stays on the night of the game [9] Fan Engagement - The announcement of Kendrick Lamar as the Super Bowl Halftime performer led to a 1,530% spike in traffic to the Super Bowl page on Vivid Seats [5] - A national survey indicated that 43% of Americans are most looking forward to seeing an NFL game in 2025, with 35% of American women expressing similar sentiments [9][11]

Content Production and Technology - The company uses automation and software tools, including generative AI, but all content is edited and authored by humans to ensure quality and SEO best practices [1] - The company is a forward-looking technology adopter, equipping its human content creators with decades of expertise and leveraging technology to enhance workflows [3] Market Expertise and Coverage - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2] - The team delivers news and unique insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [2] Publisher and Team Background - The company provides fast, accessible, and actionable business and finance news content to a global investment audience, produced independently by experienced and qualified news journalists [5] - The news team operates globally with bureaus and studios in key finance hubs such as London, New York, Toronto, Vancouver, Sydney, and Perth [5] - Emily Jarvie, a journalist with a strong background in political and business reporting, joined the company in 2022, bringing expertise from her work in Australia, Europe, and North America [4]

Group 1 - Vivid Seats Inc. has experienced a slowdown in marketplace order volumes in recent quarters, which has impacted earnings after a period of strong growth [1] - The current slowdown in order volumes is perceived as temporary [1] Group 2 - The company operates in the online ticket marketplace sector, which is subject to fluctuations in demand and market conditions [1]