Vivid SeatsNASDAQ: SEAT

Vivid Seats' (SEAT) new ticketing tool will help sellers with pricing insights and real-time pricing adjustments, according to BofA. The analyst highlights that the new SkyBox drive tool could be a new source of revenue.

CHICAGO, May 20, 2024 (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, today announced that Stan Chia, Chief Executive Officer, and Lawrence Fey, Chief Financial Officer, will be presenting at William Blair's 2024 Growth Stock Conference on Wednesday, June 5, 2024 at 8:40 a.m. CT.

CHICAGO, Feb. 27, 2024 (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 2023 on Tuesday, March 5, 2024, before the U.S. stock market opens. Management will discuss the results on a webcast at 8:30 a.m. ET.

Vivid Seats Inc. (SEAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Vivid Seats Inc. (SEAT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

The mean of analysts' price targets for Vivid Seats Inc. (SEAT) points to a 39.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Vivid Seats operates as a marketplace for event tickets and recently acquired Vegas.com for approximately $240 million. The company's financials have been disrupted by the Covid pandemic, but Vivid Seats has shown good growth since the pandemic started to subside. As Vivid Seats guides for growth, the company's business model could result in a good amount of operating leverage.

Event ticket exchange Vivid Seats (SEAT) has acquired Vegas.com in a mixed cash-and-stock deal which contains $151.2 million in cash and $88.8 million in Vivid's Class-A common stock, according to the Wall Street Journal. The ticket resale company posted strong third-quarter earnings with $188 million in revenue, up 20% year-over-year.

Vivid Seats (NASDAQ: SEAT ) stock is undergoing a major rally on Tuesday after the online tickets reseller announced its acquisition of Vegas.com. Vivid Seats is using a mix of cash and stock to acquire Vegas.com in a deal that is valued at about $240 million.