Vivid Seats has posted a positive second quarter, with revenues, net income and marketplace GOV (gross order value) all up on Q2 last year. Marketplace GOV amounted to $814.8m (£643m/€796m), an 18% increase on $693.1m in the same period the year prior. Revenues saw a 28% increase from $115.5m in Q2 last year to reach …
Vivid Seats expands into online gaming sector with acquisition
Online ticket marketplace Vivid Seats has acquired the fantasy sports app, Betcha Sports. The upfront purchase price is $25m (£18.9m/€22.1m) in Vivid Seats equity with additional payments of up to $40m of earn outs that, if earned, will be paid through a mix of cash and equity. The deal means that Vivid Seats will be …