Added to YB: 2024-10-08
Pitch date: 2024-10-07
SEAT [bullish]
Vivid Seats Inc.
-90.35%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
Company Info
Vivid Seats Inc. operates an online ticket marketplace in the United States, Canada, and Japan. It operates in two segments, Marketplace and Resale.
Market Cap
$103.8M
Pitch Price
$70.60
Price Target
6.40 (-14%)
Dividend
N/A
EV/EBITDA
23.12
P/E
-0.22
EV/Sales
0.66
Sector
Entertainment
Category
growth
Long: Vivid Seats Inc. (SEAT), High-Growth Stock Trading At Heavily Depressed Multiples
SEAT: F25 int'l expansion to drive ~20% topline growth by 2027. Vegas.com acquisition adds $6B TAM, 10-12% FY24 growth. Skybox Drive monetization begun. DOJ lawsuit vs Live Nation-TM catalyst. Risks: high S&M spend, supply dependence. PT $6.40, 80.3% upside. Strong retention, rewards program.
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