$Vivid Seats (SEAT.US)$In the inventory count in October 202...

Listed in 2021, mainly engaged in ticketing services with a focus on the US market, the current price is 6.07.

In the year of listing, revenue contracted significantly, but has grown rapidly in the past two years, with a growth of 35.5% in 2022. Operating profit experienced a substantial loss in 2020, but turned a profit in 2021 with 0.077 billion and shrank by 0.7% in 2022 due to a decline in gross margin and a rapid increase in sales and administration expenses. Net profit was affected by interest expenses and incurred a loss in 2021. In 2022, interest expenses significantly decreased along with a substantial reduction in special expenses, resulting in a net profit of 0.071 billion. However, after deducting minority shareholder earnings, only 0.029 billion remained. In 2022, interest expenses accounted for 17% of operating profit, indicating a continued burden of interest. Gross margin increased to 76.6% after listing.

Revenue in the first three quarters of 2023 grew by 18.2%, and operating profit increased by 34.8% due to a decrease in expense ratio. Net profit increased by 0.84 times to 0.085 billion due to a tax refund, but after deducting minority shareholder earnings, only 0.05 billion remained.

The current P/E ratio is 16.9, the TTM P/E ratio is 10.8, considering the actual P/E ratio should be 28.3 due to minority shareholder earnings, it may be necessary to observe for several more quarters before making a determination.