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SEAT (Vivid Seats) Gross Profit : $573.4 Mil (TTM As of Sep. 2024)


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What is Vivid Seats Gross Profit?

Vivid Seats's gross profit for the three months ended in Sep. 2024 was $135.6 Mil. Vivid Seats's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $573.4 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Vivid Seats's gross profit for the three months ended in Sep. 2024 was $135.6 Mil. Vivid Seats's Revenue for the three months ended in Sep. 2024 was $186.6 Mil. Therefore, Vivid Seats's Gross Margin % for the quarter that ended in Sep. 2024 was 72.65%.

Vivid Seats had a gross margin of 72.65% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 5 years, the highest Gross Margin % of Vivid Seats was 79.55%. The lowest was 29.61%. And the median was 76.59%.


Vivid Seats Gross Profit Historical Data

The historical data trend for Vivid Seats's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vivid Seats Gross Profit Chart

Vivid Seats Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
362.92 10.39 352.42 459.77 530.70

Vivid Seats Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 137.67 146.96 141.27 149.55 135.58

Competitive Comparison of Vivid Seats's Gross Profit

For the Internet Content & Information subindustry, Vivid Seats's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vivid Seats's Gross Profit Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Vivid Seats's Gross Profit distribution charts can be found below:

* The bar in red indicates where Vivid Seats's Gross Profit falls into.



Vivid Seats Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Vivid Seats's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=712.879 - 182.184
=530.7

Vivid Seats's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=186.605 - 51.029
=135.6

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $573.4 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Vivid Seats's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=135.6 / 186.605
=72.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Vivid Seats  (NAS:SEAT) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Vivid Seats had a gross margin of 72.65% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Vivid Seats Gross Profit Related Terms

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Vivid Seats Business Description

Traded in Other Exchanges
N/A
Address
24 East Washington Street, Suite 900, Chicago, IL, USA, 60602
Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy events in the United States, Canada and Japan. It operates in two segments namely marketplace and resale.
Executives
Emily T Epstein officer: General Counsel 101 MERRITT 7, NORWALK CT 06851
Edward Pickus officer: Chief Accounting Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Riva Bakal officer: SVP, Strategy & Product C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jonathan Miles Wagner officer: Chief Technology Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Hoya Topco, Llc 10 percent owner C/O KIRKLAND & ELLIS LLP, 555 CALIFORNIA STREET, SUITE 2700, SAN FRANCISCO CA 94104
Craig A. Dixon director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
David E. Morris officer: General Counsel C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Sbt Investors Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly director, 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Eldridge Industries, Llc 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Horizon Sponsor, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Jane E. Deflorio director 3000 N.W. 107TH AVENUE, MIAMI FL 33172
Post Portfolio Trust, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Security Benefit Life Insurance Co /ks/ 10 percent owner ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636-0001
Julie D. Masino director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606