Latest news with #Vivid Seats
Forbes
5 days ago
- Business
- Forbes
Lions, Commanders, Bears Ticket Sales Spike Ahead Of 2025 Season
Ticket sales for the Detroit Lions, Washington Commanders and Chicago Bears show the biggest surge in price heading into the 2025 season when compared to last year, new data from ticket reseller Vivid Seats shows. Dylan Drummond of the Atlanta Falcons makes a reception and is tackled by Avonte Maddox #of the Detroit Lions during an NFL Preseason 2025 game Aug. 8, 2025. Getty Images Surging demand has driven up ticket prices for the Lions home and away games by 29% year over year on the platform, and prices are up 24% for the Commanders and 21% for the Bears. The Philadelphia Eagles and Minnesota Vikings also show increased demand, with a 17% and 16% increase in ticket prices from last year, respectively. Vivid Seats data show the Dallas Cowboys are the team with the most widespread fans, in 290 counties, more than any other team, followed by the Kansas City Chiefs (262 counties) and the Vikings (207 counties). When it comes to the most dedicated fans, the Eagles and Las Vegas Raiders lead—the Eagles have the most fans at away games, filling 47% of seats, and Raiders fans are willing to travel the furthest to see a game, averaging 575 miles per game last season. The NFC is the conference leading the market in demand for re-sale tickets, the Vivid Seats data shows, with an average sale price of $331, topping the AFC's $297. Get Forbes Breaking News Text Alerts: We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text 'Alerts' to (201) 335-0739 or sign up here : The Detroit Lions have seen a surge in popularity and fan engagement in recent years as the team rises in the rankings. The "Honolulu Blue wave" phenomenon, a reference to the team's signature color, has seen a surge in jersey sales, heightened social media activity and now a boost in ticket interest. The 2024-2025 season was the best in franchise history with an ending record of 15-2, a franchise record for wins, and saw them secure the NFC's No. 1 seed and a first-round bye. The Lions also had their best start since 1934. Going into the 2025 season, the Lions are the No. 2 seed in the NFC North. $131.82. That was the average NFL ticket price last regular season, up 9% from $120.94 the season before. What To Watch For If NFL sees a boost in broadcast viewers, too. The start of the 2024 season brought a viewership surge that shot the league to a nine-year high in television ratings, averaging 18.6 million viewers across the first three weeks. The viewership number was a significant boost from 2023's season's average of 17.9 million, which was itself the highest since 2015. The surge was attributed largely to the "Taylor Swift effect"—interest in her relationship with Kansas City Chiefs tight end Travis Kelce—bringing an influx of women and girls to the sport. The "Swift bump" increased viewership, jersey sales, and social media engagement. Other factors credited with contributing to the surge include the league's efforts to boost fan engagement, like licensing games to streaming services, the rise of sports betting and more participation in fantasy football. Further Reading Forbes The NFL's Most Valuable Teams 2024 By Justin Teitelbaum Forbes NFL Preseason Has New Meaning For Bengals, Colts, Jags, Vikings By Steve Silverman Forbes How To Play Fantasy Football (Guide For Beginners) By Steve Bradshaw
Globe and Mail
04-08-2025
- Business
- Globe and Mail
Vivid Seats Announces Reverse Stock Split
CHICAGO, Aug. 04, 2025 (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 a 1-for-20 reverse stock split of its Class A and Class B common stock (the 'Reverse Stock Split'), effective at 5:00 p.m. Eastern Time on August 5, 2025. The Class A common stock will begin trading on the Nasdaq Global Select Market on a split-adjusted basis under the existing ticker symbol 'SEAT' when the market opens on August 6, 2025. The new CUSIP number for the Class A common stock following the Reverse Stock Split is 92854T209. The Reverse Stock Split was approved by Vivid Seats' stockholders on July 21, 2025, with the final ratio subsequently determined by Vivid Seats' Board of Directors. As a result of the Reverse Stock Split, every 20 shares of common stock will automatically be combined into one share of common stock. Class A stockholders who would otherwise be entitled to receive a fractional share will instead be entitled to receive, in lieu thereof, a cash payment. The Reverse Stock Split will not affect any stockholder's percentage ownership interest or voting power in Vivid Seats, other than as a result of the treatment of fractional shares. All of Vivid Seats' outstanding warrants, including its public warrants trading on the Nasdaq Global Select Market under the ticker symbol 'SEATW,' and equity-based awards will be proportionately adjusted (including applicable exercise prices) in accordance with their respective terms. Vivid Seats' transfer agent, Continental Stock Transfer & Trust Company, is acting as the exchange agent for the Reverse Stock Split. Stockholders who hold their shares electronically in book-entry form will receive a transaction statement indicating the number of shares held after the Reverse Stock Split, along with a cash payment in lieu of any fractional shares. Stockholders who hold their shares through a bank, broker, or other nominee will have their positions adjusted to reflect the Reverse Stock Split, and receive a cash payment in lieu of any fractional shares, in accordance with the processes of their respective bank, broker, or nominee. More information regarding the Reverse Stock Split can be found in Vivid Seats' definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on July 11, 2025. About Vivid Seats Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should ' Experience It Live,' the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to or calling 866-848-8499. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'design,' 'estimate,' 'expect,' 'forecast,' 'future,' 'goal,' 'intend,' 'likely,' 'may,' 'plan,' 'project,' 'propose,' 'seek,' 'should,' 'target,' 'will,' and 'would,' as well as similar expressions which predict or indicate future events and trends or which do not relate to historical matters, are intended to identify such forward-looking statements. The forward-looking statements in this press release relate to, without limitation, the timing of the Reverse Stock Split and its impact on Vivid Seats' stockholders. Forward-looking statements are not guarantees of future performance, conditions, or results, and are subject to risks, uncertainties, and assumptions that can be difficult to predict and/or are outside of Vivid Seats' control. Therefore, actual results may differ materially from those contemplated by any forward-looking statements. Important factors that could cause or contribute to such differences include, but are not limited to, Vivid Seats' ability to implement the Reverse Stock Split on the anticipated timing or at all, Vivid Seats' ability to achieve the anticipated benefits of the Reverse Stock Split, and other factors discussed in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of Vivid Seats' most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, Vivid Seats undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Contacts: Investors Kate Africk Media Julia Young
Associated Press
04-08-2025
- Business
- Associated Press
Vivid Seats Announces Reverse Stock Split
CHICAGO, Aug. 04, 2025 (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 a 1-for-20 reverse stock split of its Class A and Class B common stock (the 'Reverse Stock Split'), effective at 5:00 p.m. Eastern Time on August 5, 2025. The Class A common stock will begin trading on the Nasdaq Global Select Market on a split-adjusted basis under the existing ticker symbol 'SEAT' when the market opens on August 6, 2025. The new CUSIP number for the Class A common stock following the Reverse Stock Split is 92854T209. The Reverse Stock Split was approved by Vivid Seats' stockholders on July 21, 2025, with the final ratio subsequently determined by Vivid Seats' Board of Directors. As a result of the Reverse Stock Split, every 20 shares of common stock will automatically be combined into one share of common stock. Class A stockholders who would otherwise be entitled to receive a fractional share will instead be entitled to receive, in lieu thereof, a cash payment. The Reverse Stock Split will not affect any stockholder's percentage ownership interest or voting power in Vivid Seats, other than as a result of the treatment of fractional shares. All of Vivid Seats' outstanding warrants, including its public warrants trading on the Nasdaq Global Select Market under the ticker symbol 'SEATW,' and equity-based awards will be proportionately adjusted (including applicable exercise prices) in accordance with their respective terms. Vivid Seats' transfer agent, Continental Stock Transfer & Trust Company, is acting as the exchange agent for the Reverse Stock Split. Stockholders who hold their shares electronically in book-entry form will receive a transaction statement indicating the number of shares held after the Reverse Stock Split, along with a cash payment in lieu of any fractional shares. Stockholders who hold their shares through a bank, broker, or other nominee will have their positions adjusted to reflect the Reverse Stock Split, and receive a cash payment in lieu of any fractional shares, in accordance with the processes of their respective bank, broker, or nominee. More information regarding the Reverse Stock Split can be found in Vivid Seats' definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on July 11, 2025. About Vivid Seats Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should ' Experience It Live,' the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to or calling 866-848-8499. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'design,' 'estimate,' 'expect,' 'forecast,' 'future,' 'goal,' 'intend,' 'likely,' 'may,' 'plan,' 'project,' 'propose,' 'seek,' 'should,' 'target,' 'will,' and 'would,' as well as similar expressions which predict or indicate future events and trends or which do not relate to historical matters, are intended to identify such forward-looking statements. The forward-looking statements in this press release relate to, without limitation, the timing of the Reverse Stock Split and its impact on Vivid Seats' stockholders. Forward-looking statements are not guarantees of future performance, conditions, or results, and are subject to risks, uncertainties, and assumptions that can be difficult to predict and/or are outside of Vivid Seats' control. Therefore, actual results may differ materially from those contemplated by any forward-looking statements. Important factors that could cause or contribute to such differences include, but are not limited to, Vivid Seats' ability to implement the Reverse Stock Split on the anticipated timing or at all, Vivid Seats' ability to achieve the anticipated benefits of the Reverse Stock Split, and other factors discussed in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of Vivid Seats' most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, Vivid Seats undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Contacts: Investors Kate Africk [email protected] Media Julia Young [email protected]
