Vivid Seats Honored as one of Fast Company’s World’s Most Innovative Companies of 2024

CHICAGO, March 19, 2024 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced it has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.

This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy.

"Vivid Seats is honored to be recognized and named among the world’s greatest innovators,” said Stan Chia, Vivid Seats CEO. “Over the last year, we have gone to new lengths to drive innovation and optimization, launching new products for both buyers and sellers, expanding internationally, and strengthening our tech stack. Our efforts to build valuable and differentiated products have continued to set us apart and created long-term stickiness on both sides of our marketplace, with higher buyer repeat rates and continuing seller adoption. 2023 was truly a transformational year for our business and brand, and we look forward to continuing to set the pace for the live events industry at large.”

By pushing the boundaries of what’s next, Vivid Seats has secured several industry firsts, including the only loyalty program in the live events industry, Vivid Seats Rewards. Its consumer-facing products on web and app leverage the latest tech in search, customer relationship management and data analytics to bring to life an experience that makes discovering and shopping for live events fun and frictionless. Vivid Seats’ focus on consumer engagement within its product ecosystem has also resulted in the successful launch of Game Center. This new free-to-play product available directly within the Vivid Seats app lets users play daily games to score points and earn credits towards drawings for free tickets.

“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”