Competitive EnvironmentSEAT's shares have declined 9%, underperforming the S&P by 16%, given concerns around an intensifying competitive environment.
Financial PerformanceRevenue and Adjusted EBITDA forecasts for SEAT are expected to fall below Street estimates.
Growth OutlookFull-year 2024 gross order volume (GOV) and revenue guidance were lowered due to decreasing supply in concerts, including high-profile cancelations.