Vivid Seats Inc. Company profile
About Vivid Seats Inc
Vivid Seats Inc., formerly Horizon Acquisition Corp, is a marketplace that allows fans of live events to connect with third-party ticket sellers through its technology platform. The Company operates through two segments: marketplace and resale. Its marketplace segment acts as an intermediary between ticket buyers and third-party ticket sellers. It facilitates the sale of tickets by third-party ticket sellers through its Website www.vividseats.com and Vivid Seats native applications. It also provides a private label offering to third-party distribution partners with software solutions that enable them to sell tickets on their own Websites. The Company's resale segment primarily serves as an internal research and development group that is focused on creating seller software and tools. The Company supports sellers with its Skybox platform, an enterprise resource planning (ERP) tool that helps sellers to manage inventory, adjust pricing and fulfill orders.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Vivid Seats Inc revenues increased from $35.1M to $443M. Net loss applicable to common stockholders decreased 100% to $3.3M. Revenues reflect Marketplace segment increase from $23.3M to $389.7M, Resale segment increase from $11.8M to $53.4M. Lower net loss reflects Impairment charges decrease from $573.8M (expense) to $0K.
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