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Vivid Seats to Report Third Quarter 2025 Financial Results
Globenewswire· 2025-10-28 20:05
Core Viewpoint - Vivid Seats Inc. is set to report its financial results for Q3 2025 on November 6, 2025, before the U.S. stock market opens, with a management discussion scheduled for 8:30 a.m. ET [1] Company Overview - Vivid Seats, founded in 2001, is a leading online ticket marketplace that connects millions of buyers with thousands of ticket sellers across a wide range of events in North America [3] - The company emphasizes the belief that everyone should "Experience It Live," offering a vast selection of events and tickets along with an industry-leading rewards program [3] - Vivid Seats has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing, highlighting its commitment to customer satisfaction [3] Access to Information - The live webcast of the financial results and its replay can be accessed through the company's investor relations website [2]
Vivid Seats Announces Termination of Tax Receivable Agreement and Elimination of Dual-Class Stock Structure
Globenewswire· 2025-10-20 11:00
Core Insights - Vivid Seats Inc. has entered into a Corporate Simplification Agreement aimed at streamlining its organizational structure, which includes eliminating its dual-class structure and terminating its Tax Receivable Agreement (TRA) [1][2][3] Financial Impact - The agreement will eliminate $6 million in cash payments due in Q1 2026 under the TRA and future distributions to redeemable noncontrolling interests [2] - Vivid Seats anticipates up to $180 million in lifetime savings from the TRA termination, retaining 100% of realized tax savings that would have otherwise been payable to former TRA parties [2] - The company expects to reduce its annual cash tax payments to approximately $3 million, primarily due to taxable income generated in foreign jurisdictions [2] Operational Efficiency - The simplification of the corporate structure is expected to yield approximately $1 million in annual savings from reduced compliance and financial reporting costs associated with a single-class stock structure [2][3] - The former TRA parties will exchange all outstanding shares of Class B common stock for Class A common stock on a one-for-one basis, resulting in approximately 10.7 million shares of Class A common stock outstanding [3] Governance - A special committee of Vivid Seats' Board of Directors, composed solely of independent directors, approved the Corporate Simplification Agreement [4]
Vivid Seats Named Official Fan Experience Partner of the Chicago Bears
Globenewswire· 2025-08-20 12:30
Core Insights - Vivid Seats Inc. has announced a multi-year partnership with the Chicago Bears, becoming the Official Fan Experience Partner of the NFL franchise [1][4] - The collaboration aims to enhance the gameday experience for fans at Soldier Field, offering exclusive experiences beyond just ticket access [2][4] Company Overview - Vivid Seats is a leading online ticket marketplace founded in 2001, focused on connecting fans with live events, artists, and teams [7] - The company emphasizes exceptional value and a wide selection of events and tickets in North America, along with a rewards program for customers [8] Partnership Details - The partnership includes the introduction of the Vivid Seats Fan Experience Skydeck, located above the North End Zone at Soldier Field, providing a vibrant social space for fans [3][4] - Fans will have access to VIP pre-game field opportunities and the exclusive Skydeck, which features bar-top tables, private concessions, and panoramic views [2][3] Branding and Marketing - Vivid Seats will receive prominent branding at Soldier Field, including LED signage and exclusive activation in the Skydeck [4] - This partnership expands Vivid Seats' existing relationships with other NFL teams, including the Los Angeles Chargers and Indianapolis Colts [4]
Vivid Seats to Report Second Quarter 2025 Financial Results
Globenewswire· 2025-07-28 11:00
Core Viewpoint - Vivid Seats Inc. is set to report its financial results for the second quarter of 2025 on August 5, 2025, before the U.S. stock market opens, with a management discussion scheduled for 8:30 a.m. ET [1]. Company Overview - Vivid Seats, founded in 2001, is a leading online ticket marketplace that connects millions of buyers with thousands of ticket sellers across a wide range of events in North America [3]. - The company emphasizes the belief that everyone should "Experience It Live," offering a broad selection of events and tickets, along with an industry-leading rewards program where fans earn on every purchase [3]. - Vivid Seats has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing, highlighting its commitment to customer satisfaction [3].
Vivid Seats Announces 2025 WNBA Loyalty Report
Globenewswire· 2025-05-13 12:29
Core Insights - The WNBA is experiencing a significant rise in fan interest and ticket demand, with a 49% year-over-year increase in average ticket prices, indicating a growing relevance and reach for women's basketball [2][3] Ticket Demand and Pricing - The average ticket price for WNBA games has increased by 49% year-over-year, reflecting heightened demand for women's basketball [2] - The most in-demand tickets for the 2025 season include the WNBA All Star Game priced at $533, followed by the Indiana Fever's game against the Golden State Valkyries at $519 [5][7] Fan Engagement and Travel - Fans are traveling an average of 346 miles to attend WNBA games, which is a 12% increase compared to the previous year [3] - The Las Vegas Aces lead the league in average travel distance, with fans traveling an impressive 578 miles to see them play [10][14] Team Popularity - The Indiana Fever have emerged as the most favored team in the U.S., dominating in 13 states, followed by the Las Vegas Aces in 8 states and the Connecticut Sun in 6 states [6][8] - The Indiana Fever are featured in four of the top five most in-demand games for the 2025 season, highlighting their strong fan engagement [4][6] Impact of New Talent - The Dallas Wings experienced a 920% spike in website traffic after winning the 2025 WNBA Draft Lottery and selecting Paige Bueckers as the No. 1 overall pick, indicating a significant boost in fan interest [9] - The average ticket prices for Dallas Wings games have increased by 74% year-over-year, showcasing the impact of new talent on franchise popularity [9]
Vivid Seats to Report First Quarter 2025 Financial Results
Globenewswire· 2025-04-24 12:30
Core Insights - Vivid Seats Inc. will report its financial results for Q1 2025 on May 6, 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 [2] Company Overview - Founded in 2001, Vivid Seats is a leading online ticket marketplace that connects millions of buyers with thousands of ticket sellers across a wide range of events [3] - The company emphasizes the belief that everyone should "Experience It Live" and offers a vast selection of events and tickets in North America [3] - Vivid Seats has an industry-leading rewards program, Vivid Seats Rewards, which allows fans to earn on every purchase [3] - The company also owns Vivid Picks, a daily fantasy sports app, and utilizes proprietary software and technology to enhance the ticketing ecosystem [3] - Vivid Seats has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing [3]