Vivid Seats Inc. warned that revenue could fall in 2023 due to a competitive market and expected industry growth.
According to the online ticket marketplace, this year's revenue is expected to be between $580 million - $610 million. The company generated $600.3 million in revenue last year.
Chief Financial Officer Lawrence Fey stated that the company expects a muted industry growth for 2023.
Vivid Seats' shares fell 7.2% to $6.20 in premarket trading.