Investing.com - Vivid Seats reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations. Vivid Seats announced earnings per...
Vivid Seats Inc. is an online ticket marketplace that allows fans of live events to connect with third-party ticket sellers through its technology platform. The Company segments include Marketplace and Resale. Through its Marketplace segment, the Company acts as an intermediary between event ticket buyers and ticket sellers. Marketplace segment processes ticket sales on its Website and mobile applications and sales initiated through its numerous distribution partners. Using its online platform, the Company also process customer payments, coordinate ticket deliveries, and provides customer service to both ticket buyers and sellers. In its Resale segment, the Company acquires tickets to resell on secondary ticket marketplaces, including its own. The Resale segment also provides internal research and development support for Skybox system that helps ticket sellers manage ticket inventories, adjust pricing, and fulfill orders across multiple ticket resale marketplaces.
|Average||11.600 (+35.356% Upside)|
|No. of Analysts||10|