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Why Vivid Seats Stock Jumped 17.4% on Tuesday

TheMotleyFool

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Why Vivid Seats Stock Jumped 17.4% on Tuesday: https://g.foolcdn.com/editorial/images/723720/people-cheering-at-a-concert.jpg

Shares of online ticket company Vivid Seats (NASDAQ: SEAT) jumped as much as 17.4% in early trading on Tuesday after it reported fourth-quarter 2022 financial results. At 11 a.m. ET, shares are still trading 16.3% higher for the day.

Revenue was up just $1.1 million to $165 million but net income jumped from a loss of $3.3 million a year ago to a profit of $10.1 million last quarter. Results exceeded the $154.5 million in revenue and $0.12 per share in earnings that Wall Street analysts expected.

Image source: Getty Images.

Source Fool.com

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