Wednesday November 29, 2023

Vivid Seats Buys For $240M Amid City’s Sports Boom

  • Ticket marketplace expands its presence in key locale
  • Company reports another robust set of quarterly results amid consumer embrace of live events
Kirby Lee-USA TODAY Sports
Copy Link
Link Copied
Link Copied

Las Vegas has quickly become an epicenter of sports, the latest evidence being Formula 1’s upcoming grand prix. 

Now, one of the leading ticket marketplaces is looking to enhance its presence there.

Vivid Seats — backed and led in part by Chelsea FC owner and Los Angeles Dodgers co-owner Todd Boehly — has purchased in a $240 million cash-and-stock deal. provides a range of information on entertainment and attractions in Las Vegas, as well as flight and hotel bookings.

The deal is projected to increase the company’s domestic addressable market by more than $6 billion.

“If you look at the inaugural Formula 1 race that’s happening there this month, the Super Bowl coming next year, new venues standing up, artist residencies — we love the tailwinds there,” said Stan Chia, Vivid Seats CEO, in a call with analysts. 

“We also think this is a wonderful, synergistic opportunity to use Las Vegas and that domain authority to acquire all of these visitors, introduce them to Vivid Seats, and have them go back to their home markets.”

Bullish Earnings

The deal was one of the highlights of a robust earnings report for Vivid Seats, as the Chicago-based company continues to enjoy the fruits of a broad consumer embrace of live events. 

Vivid Seats reported a 20% boost in revenues for the third quarter to $188.1 million compared to the same period a year ago, as well as an 18% rise in adjusted earnings to $33.4 million. Marketplace gross-order volume increased 28% to a quarterly company record of $998.9 million.

Copy Link
Link Copied
Link Copied

What to Read

Mark Cuban and Dallas Mavericks.

Adelson Family Freed Up $2B To Reportedly Buy Stake In Dallas Mavericks

Miriam Adelson is selling a portion of her Las Vegas Sands Corp stock.

Greg Olsen's Coaching Ambitions Could Shake Up Fox Sports' NFL Broadcasts

The current No. 1 analyst could be a candidate for a head coaching job with the Carolina Panthers.

Could Panthers' Ongoing Setbacks Lead To A Surprise Move?

The Panthers are searching for yet another head coach.

Oakland Baseball Goes From A's To B's

Baseball's independent Pioneer League placing team in Bay Area city.
podcast thumbnail mobile
Front Office Sports Today

Report Claims Sports Illustrated Publishes AI-Generated Articles


Featured Today

Lane Kiffin

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.
LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.
November 6, 2023

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.
The Pac-12’s Collapse Will Have Ripple Effects on College Basketball.
November 6, 2023

The Pac-12’s Collapse Will Have Ripple Effects on College Basketball

The existing Pac-12 host a college basketball season for the last time.
Favre Presley
November 3, 2023

Brett Favre Controversy Casts Shadow Over Mississippi Gubernatorial Race

Candidate Brandon Presley has made the scandal one of his talking points.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
PFL Bellator

PFL Completes Acquisition of Bellator, Readies to Challenge UFC

“Today, the MMA market changed,” PFL Founder Donn Davis said.
CAA logo on side on building
November 13, 2023

CAA Forms Sports-Focused Investment Bank In Continued Expansion Push

Powerhouse agency looks to further expand dealmaking capabilities
November 14, 2023

German Soccer Pushing $1.1B Rights Deal To Private Equity Investors

Governing body mounting third attempt for outside investment

USGA’s Amanda Weiner on Delivering
Personalized Fan Experiences with
 AI and Automation

How the USGA is using AI to streamline content creation and distribution.
Mercedes-AMG Petronas driver George Russell drives on the track during the Formula One Las Vegas Grand Prix Launch Party at Las Vegas Strip.
November 10, 2023

Ticket, Hotel Prices Plummet As Las Vegas GP Nears

Lack of competitive drama for F1 event fuels market crash
November 9, 2023

McMahon Selling $713M In TKO Stock, CEO Emanuel Could Be A Buyer

Bombshell announcement to bring big changes to company's ownership structure
San Diego Padres shortstop Xander Bogaerts wears the ALS Lou Gehrig Day and Motorola patches during a game against the Chicago Cubs at Petco Park.
November 8, 2023

Major U.S. Sports Leagues Pull In Record $6.7B in Ad Revenue

Major U.S. sports leagues and teams saw big increases in ad revenues.
November 8, 2023

Sports A Bright Spot For Endeavor Amid Ongoing Turbulence

Majority interest in TKO, PBR fuel notable gains for company