Vivid Seats Inc.’s debt sank further into distressed territory after the ticket reseller reported earnings that missed estimates and guided for even weaker results this year.
The Vivid Seats logo on a laptop arranged in New York, US, on Thursday, June 13, 2024. Shares of Vivid Seats Inc., a competitor to StubHub which went public via a merger with a blank-check company in 2021, have declined about 60% since its listing. Photographer: Gabby Jones/Bloomberg
The UK government’s plan to ban reselling tickets above face value is likely music to the ears of concert-goers and a slam dunk for sports fans. For investors in Vivid Seats Inc. — a marketplace for online scalpers — it’s the latest reason to sell off its debt.
The UK government’s plan to ban reselling tickets above face value is likely music to the ears of concert-goers and a slam dunk for sports fans. For investors in Vivid Seats Inc. — a marketplace for online scalpers — it’s the latest reason to sell off its debt.
Anmelden
