Super Bowl Tickets Market Jumps With Eagles vs. Chiefs Matchup
Sunday’s NFL conference championships were vastly different affairs, but the result is the same for the Philadelphia Eagles and the Kansas City Chiefs – Super Bowl LVII awaits in two weeks. The Eagles saw relatively easy work on Sunday to punch their ticket to Arizona, defeating the San Francisco... Read more
Vivid Seats, Others Failing NY Ticketing Changes, Per Skoufis
New York Senator James Skoufis didn’t mince words in a recent interview with Rolling Stone, indicating that in his view, a large percentage of ticketing companies aren’t fulfilling their obligation to changes in New York’s ticketing regulations that require all-in pricing and disclosures of the face value for ticket... Read more
Vivid Seats Client Settles Refund Lawsuit With Pennsylvania AG
Pennsylvania Attorney General Josh Shapiro announced that his office had entered a settlement agreement with RYADD, Inc. over alleged violations of state consumer protection law. The company, which operates ticket resale websites including TicketsOnSale and OnlineCityTickets through the Vivid Seats white label program, allegedly changed its refund policy during... Read more
Vivid Seats Launches “Vivid Picks” Gaming App
Vivid Seats (NASDAQ: SEAT) announced the launch of the new “Vivid Picks” app this week, which will combine daily fantasy sports with the ability to purchase tickets to upcoming events. The app is a rebranding of the Betcha daily fantasy gaming system, integrating it with Vivid Seats’ existing ticketing... Read more
Vivid Seats Raises Guidance After Reporting Record Q2 Numbers
Vivid Seats reported strong numbers for Q2 2022 in its earnings report this week, raising its full-year guidance for 2022 in marketplace GOV, revenues, and adjusted EBITDA. The company saw its stock price (NASDAQ: SEAT) rise on the news, above $9 for the first time since June, though still... Read more
Man Arrested in Boston Allegedly Selling Fake NBA Finals Tickets
Ticket prices for the NBA finals between the Boston Celtics and Golden Warriors have been so hot, team officials have warned fans to be vigilant about unauthorized sales channels and counterfeits. Just prior to Wednesday’s Game Three in Boston, a Connecticut man was arrested near TD Garden in possession... Read more
Vivid Seats Targeted by Class Action Lawsuit Over “Hidden Fees”
A proposed class action lawsuit filed in California alleges Vivid Seats uses “bait-and-switch” tactics, deceiving consumers by showing artificially low prices and then adding fees at the last step of the transaction. Such practices, commonly referred to as “drip pricing” have come increasingly under fire by consumers and regulators... Read more
Vivid Seats Stock Rebounds After Buyback Plan Announced
Vivid Seats shares (NASDAQ: SEAT) have surged after a lengthy slide, rebounding briefly to above $9 per share Thursday after news its Board of Directors had authorized plans to buy back up to $40 million in outstanding stock. Prior to the announcement, share prices had been slumping, reaching as... Read more
Chelsea FC Selling for $5.26 Billion to Group Led by Vivid Seats’ Boehly
The UK Government has approved the sale of Chelsea Football Club to a group led by Todd Boehly in a deal valued at more than $5 billion. The sale will put the English Premier League team into a portfolio of investments in sports and ticketing for Boehly, who also... Read more
Vivid Seats Raises Guidance After Record First Quarter Earnings
Vivid Seats announced its first quarter financial results Tuesday morning, exceeding analyst expectations and posting record numbers amid the continued high demand for live events post-COVID. The company posted revenues of $130.8 million – matching a prediction made to TicketNews by an industry source prior to the earnings announcement... Read more