Vivid Seats Inc. (NASDAQ: SEATW)

Vivid Seats is an online ticket marketplace that uses its technology platform to connect fans of live events with ticket sellers.

The company generates revenue primarily from service and delivery fees charged to buyers in its Marketplace segment referral fees from third‑party providers of event insurance and from the resale of tickets in its Resale segment where it purchases tickets to sell on secondary markets.

The company operates through the following segments: Marketplace and Resale.

• The Marketplace segment acts as an intermediary between ticket buyers sellers and partners facilitating ticket sales hotel bookings and other services through its owned properties such as the Vivid Seats mobile app and website Vegas.com and Wavedash as well as through private label offerings with distribution partners earning revenue from service and delivery fees and referral fees while holding no ticket inventory.

• The Resale segment acquires tickets to resell on secondary ticket marketplaces including its own platform provides research and development support for the Skybox enterprise resource planning tool and supplements efforts to deliver industry‑leading seller software.

Vivid Seats holds a strong position in the secondary ticketing industry competing with StubHub Ticketmaster SeatGeek and TicketNetwork and maintains advantages through a wide selection of listings competitive pricing a comprehensive loyalty program strong customer service proprietary marketing technology an engaging in‑app game center local market authority via its Vegas subsidiary scalability profitable unit economics and close relationships with professional ticket sellers supported by the free‑to‑use Skybox ERP.

The company serves individual consumers seeking tickets for concerts sports and theater events as well as ticket sellers partners media companies sports leagues teams venues and distribution partners that use its platform to reach audiences.