Vivid Seats vs Sound Group
Vivid Seats and Sound Group are similar in size: $451m and $432m of revenue in their latest fiscal years. Sound Group grew faster (52.9% against -30.5%). Vivid Seats kept more of each dollar of sales as profit: a net margin of 178.9% against 7.3%.
| Latest fiscal year | Vivid SeatsSEAT, 2025 | Sound GroupSOGP, 2025 |
|---|---|---|
| Revenue | $451m | $432m |
| Revenue growth | -30.5% | 52.9% |
| Net income | $806m | $31.5m |
| Operating margin | — | — |
| Net margin | 178.9% | 7.3% |
| Return on equity | — | 70.4% |
| Free cash flow | −$93.8m | $38.5m |
| Cash | $103m | $93.7m |
| Total debt | $390m | $0 |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | 8.0% |
| Share buybacks | $18.3m | $4.0m |
| Employees | 565 | — |
| Market value | $30.0m | $50.5m |
| Price vs our value range | — | Below our value range |
| Moat score | 6 (Weak) | — |
| Insider trades, 12 months | 0 buys, 9 sales | 0 buys, 2 sales |