Vivid Seats Inc. (SEATW)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
SEATW Chart
Vivid Seats Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BO Brian Oliveira Clear Street Group Inc. | 300 | $25.33 | $18 | -$7.33 | -28.94% |
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Vivid Seats Inc. Profile
| IT Services Industry | Information Technology Sector | Lawrence C. Fey CEO | NASDAQ (NGS) Exchange | 92854T118 CUSIP |
| US Country | 768 Employees | 28 Oct 2021 Last Dividend | - Last Split | 13 Oct 2020 IPO Date |
Overview
Vivid Seats Inc. is a prominent entity in the online ticket sales industry, focusing its operations within the United States, Canada, and Japan. Established in 2001 and based in Chicago, Illinois, the company has crafted a dual-segment business model comprising the Marketplace and Resale facets. As a bridge connecting ticket buyers with sellers, Vivid Seats thrives by facilitating transactions for a diverse range of live events, including sports, concerts, theater, and more. Through leveraging advanced technology and a deep understanding of the ticketing market's dynamics, Vivid Seats Inc. has positioned itself as a key player in the event ticketing arena, offering innovative solutions to both ticket sellers and buyers.
Products and Services
- Marketplace Segment:
- Skybox:
- Vivid Picks Daily Fantasy Sports:
- Resale Segment:
This segment of Vivid Seats Inc. operates by serving as a mediator between individuals looking to buy event tickets and those wishing to sell them. It efficiently processes these transactions through its website and mobile apps while also extending its services through various distribution partners. The Marketplace Segment is designed to cater to a wide variety of live events, from sporting events and concerts to theater and other performances, ensuring a comprehensive ticketing solution for event enthusiasts.
A cutting-edge proprietary enterprise resource planning tool, Skybox is engineered to assist ticket sellers in effectively managing their ticket inventories, modifying pricing in real-time, and fulfilling orders across multiple resale marketplaces. By integrating such a powerful tool, Vivid Seats empowers sellers with the capability to optimize their sales strategies and improve overall efficiency in ticket distribution.
Branching out beyond traditional ticket sales, the Vivid Picks platform introduces a unique engagement avenue for sports fans. By hosting daily fantasy sports contests, users are given the opportunity to make informed picks from a variety of sport and player matchups. This service not only enhances the overall user experience but also diversifies Vivid Seats Inc.'s service portfolio, catering to the growing fantasy sports community.
The Resale segment distinctly focuses on acquiring tickets to subsequently resell them on secondary marketplaces. Beyond merely serving as a ticket intermediary, this segment underscores Vivid Seats Inc.'s involvement in the ticket lifecycle by actively participating in the resale market. Additionally, this segment plays a crucial role in providing internal research and development support, particularly for the continuous refinement of Skybox, ensuring the delivery of advanced seller software and tools. This forward-thinking approach highlights the company's dedication to innovation and excellence in the ticket resale sphere.
