SEAT
Vivid Seats Inc.
Internet Content & Information
Market Cap$74M
5Y Perf.-95.3%
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Stock Comparison
SEAT vs MSGS vs LYV vs MSGE
Revenue, margins, valuation, and 5-year total return — side by side.
MSGS
Madison Square Garden Sports Corp.
Entertainment
Market Cap$8.00B
5Y Perf.+134.8%
LYV
Live Nation Entertainment, Inc.
Entertainment
Market Cap$38.65B
5Y Perf.+240.8%
MSGE
Madison Square Garden Entertainment Corp.
Entertainment
Market Cap$3.15B
5Y Perf.+2.6%
SEAT vs MSGS vs LYV vs MSGE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | SEAT | MSGS | LYV | MSGE |
|---|---|---|---|---|
| Industry | Internet Content & Information | Entertainment | Entertainment | Entertainment |
| Market Cap | $74M | $8.00B | $38.65B | $3.15B |
| Revenue (TTM) | $533M | $1.07B | $25.61B | $1.16B |
| Net Income (TTM) | $-438M | $-17M | $84M | $42M |
| Gross Margin | 68.4% | 25.9% | 40.3% | 31.5% |
| Operating Margin | -71.4% | 0.4% | 3.4% | 10.1% |
| Forward P/E | — | — | 115.8x | 56.8x |
| Total Debt | $20M | $1.18B | $12.44B | $1.20B |
| Cash & Equiv. | $103M | $153M | $7.11B | $43M |
SEAT vs MSGS vs LYV vs MSGE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
SEAT
MSGS
LYV
MSGE
| Stock | Oct 20 | May 26 | Return |
|---|---|---|---|
| Vivid Seats Inc. (SEAT) | 100 | 4.7 | -95.3% |
| Madison Square Gard… (MSGS) | 100 | 234.8 | +134.8% |
| Live Nation Enterta… (LYV) | 100 | 340.8 | +240.8% |
| Madison Square Gard… (MSGE) | 100 | 102.6 | +2.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SEAT vs MSGS vs LYV vs MSGE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MSGE leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Madison Square Garden Sports Corp. is the stronger pick specifically for capital preservation and lower volatility. LYV also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
SEAT
Vivid Seats Inc.
The Secondary Option
SEAT lags the leaders in this set but could rank higher in a more targeted comparison.
Best for: communication services exposure
MSGS
Madison Square Garden Sports Corp.
The Defensive Choice
MSGS is the #2 pick in this set and the best alternative if stability is your priority.
- Beta 0.61 vs SEAT's 2.12
Best for: stability
LYV
Live Nation Entertainment, Inc.
The Income Pick
LYV is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.80
- Rev growth 8.8%, EPS growth -108.8%, 3Y rev CAGR 14.7%
- 6.2% 10Y total return vs MSGS's 321.1%
- Lower volatility, beta 0.80, current ratio 1.00x
Best for: income & stability and growth exposure
MSGE
Madison Square Garden Entertainment Corp.
The Value Play
MSGE carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (56.8x vs 115.8x)
- 3.6% margin vs SEAT's -82.2%
- +83.6% vs SEAT's -74.5%
- 1.8% ROA vs SEAT's -48.9%, ROIC 8.5% vs -10.3%
Best for: value and quality
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | LYV | 8.8% revenue growth vs SEAT's -26.4% |
| Value | MSGE | Lower P/E (56.8x vs 115.8x) |
| Quality / Margins | MSGE | 3.6% margin vs SEAT's -82.2% |
| Stability / Safety | MSGS | Beta 0.61 vs SEAT's 2.12 |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | MSGE | +83.6% vs SEAT's -74.5% |
| Efficiency (ROA) | MSGE | 1.8% ROA vs SEAT's -48.9%, ROIC 8.5% vs -10.3% |
SEAT vs MSGS vs LYV vs MSGE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
FY 2025
SEAT vs MSGS vs LYV vs MSGE — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMSGELAGGINGSEAT
Who Leads Where
MSGE leads in 2 of 6 categories
LYV leads 1 • MSGS leads 1 • SEAT leads 0 • 2 tied
Explore the data ↓SEATVivid Seats Inc.
0leads
LYVLive Nation Entertain…
1leads
MSGSMadison Square Garden…
1leads
MSGEMadison Square Garden…
2leads
6 Total Categories
CATEGORYLEADERvs MSGSvs LYVMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MSGE4/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MSGE4/8
Total Returns1Y, 3Y, 5Y total returns with dividends
LYV4/6
Risk & VolatilityBeta, volatility, and downside exposure
MSGS2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
MSGE leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LYV is the larger business by revenue, generating $25.6B annually — 48.1x SEAT's $533M. MSGE is the more profitable business, keeping 3.6% of every revenue dollar as net income compared to SEAT's -82.2%. On growth, MSGE holds the edge at +59.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | SEATVivid Seats Inc. | MSGSMadison Square Ga… | LYVLive Nation Enter… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| RevenueTrailing 12 months | $533M | $1.1B | $25.6B | $1.2B |
| EBITDAEarnings before interest/tax | -$329M | $8M | $1.6B | $245M |
| Net IncomeAfter-tax profit | -$438M | -$17M | $84M | $42M |
| Free Cash FlowCash after capex | -$35M | $3M | $1.2B | $289M |
| Gross MarginGross profit ÷ Revenue | +68.4% | +25.9% | +40.3% | +31.5% |
| Operating MarginEBIT ÷ Revenue | -71.4% | +0.4% | +3.4% | +10.1% |
| Net MarginNet income ÷ Revenue | -82.2% | -1.5% | +0.3% | +3.6% |
| FCF MarginFCF ÷ Revenue | -6.5% | +0.3% | +4.8% | +25.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | -23.3% | +12.8% | +12.1% | +59.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -43.6% | +6.5% | -4.8% | -123.5% |
MSGE leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
Evenly matched — SEAT and MSGE each lead in 2 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, LYV's 19.9x EV/EBITDA is more attractive than MSGS's 501.2x.
| Metric | SEATVivid Seats Inc. | MSGSMadison Square Ga… | LYVLive Nation Enter… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| Market CapShares × price | $74M | $8.0B | $38.6B | $3.2B |
| Enterprise ValueMkt cap + debt − cash | -$8M | $9.0B | $44.0B | $4.3B |
| Trailing P/EPrice ÷ TTM EPS | -0.13x | -357.55x | -692.98x | 86.64x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 115.80x | 56.83x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | -0.87x | 501.20x | 19.89x | 23.97x |
| Price / SalesMarket cap ÷ Revenue | 0.13x | 7.70x | 1.53x | 3.35x |
| Price / BookPrice ÷ Book value/share | — | — | 21.20x | — |
| Price / FCFMarket cap ÷ FCF | — | 90.96x | 115.84x | 33.88x |
Evenly matched — SEAT and MSGE each lead in 2 of 5 comparable metrics.
Profitability & Efficiency
MSGE leads this category, winning 4 of 8 comparable metrics.
Profitability & Efficiency
MSGE delivers a 7.7% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-3 for SEAT. On the Piotroski fundamental quality scale (0–9), MSGE scores 6/9 vs SEAT's 4/9, reflecting solid financial health.
| Metric | SEATVivid Seats Inc. | MSGSMadison Square Ga… | LYVLive Nation Enter… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | -3.5% | — | +4.4% | +7.7% |
| ROA (TTM)Return on assets | -48.9% | -1.1% | +0.4% | +1.8% |
| ROICReturn on invested capital | -10.3% | +1.5% | +19.7% | +8.5% |
| ROCEReturn on capital employed | -5.4% | +1.5% | +13.4% | +11.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 | 5 | 6 |
| Debt / EquityFinancial leverage | — | — | 6.84x | — |
| Net DebtTotal debt minus cash | -$82M | $1.0B | $5.3B | $1.2B |
| Cash & Equiv.Liquid assets | $103M | $153M | $7.1B | $43M |
| Total DebtShort + long-term debt | $20M | $1.2B | $12.4B | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | -26.45x | 0.68x | 3.68x | 4.43x |
MSGE leads this category, winning 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
LYV leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LYV five years ago would be worth $20,800 today (with dividends reinvested), compared to $693 for SEAT. Over the past 12 months, MSGE leads with a +83.6% total return vs SEAT's -74.5%. The 3-year compound annual growth rate (CAGR) favors LYV at 28.8% vs SEAT's -61.6% — a key indicator of consistent wealth creation.
| Metric | SEATVivid Seats Inc. | MSGSMadison Square Ga… | LYVLive Nation Enter… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | +28.1% | +28.5% | +14.5% | +22.8% |
| 1-Year ReturnPast 12 months | -74.5% | +74.7% | +24.0% | +83.6% |
| 3-Year ReturnCumulative with dividends | -94.3% | +62.8% | +113.7% | +94.8% |
| 5-Year ReturnCumulative with dividends | -93.1% | +84.5% | +108.0% | -26.2% |
| 10-Year ReturnCumulative with dividends | -93.1% | +321.1% | +622.5% | -24.6% |
| CAGR (3Y)Annualised 3-year return | -61.6% | +17.6% | +28.8% | +24.9% |
LYV leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
MSGS leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MSGS is the less volatile stock with a 0.61 beta — it tends to amplify market swings less than SEAT's 2.12 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSGS currently trades 96.2% from its 52-week high vs SEAT's 19.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | SEATVivid Seats Inc. | MSGSMadison Square Ga… | LYVLive Nation Enter… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.12x | 0.61x | 0.80x | 0.94x |
| 52-Week HighHighest price in past year | $45.20 | $345.50 | $175.25 | $69.86 |
| 52-Week LowLowest price in past year | $5.06 | $186.00 | $125.34 | $35.31 |
| % of 52W HighCurrent price vs 52-week peak | +19.8% | +96.2% | +94.9% | +95.5% |
| RSI (14)Momentum oscillator 0–100 | 58.4 | 54.4 | 63.6 | 67.6 |
| Avg Volume (50D)Average daily shares traded | 117K | 223K | 2.8M | 312K |
MSGS leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — SEAT and LYV each lead in 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: MSGS as "Buy", LYV as "Buy", MSGE as "Buy". Consensus price targets imply 9.4% upside for MSGS (target: $364) vs -0.6% for MSGE (target: $66).
| Metric | SEATVivid Seats Inc. | MSGSMadison Square Ga… | LYVLive Nation Enter… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $363.67 | $181.00 | $66.29 |
| # AnalystsCovering analysts | — | 29 | 44 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | +0.0% | — | — |
| Dividend StreakConsecutive years of raises | 1 | 0 | 1 | — |
| Dividend / ShareAnnual DPS | — | $0.03 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +24.6% | +0.1% | +0.1% | +1.3% |
Evenly matched — SEAT and LYV each lead in 1 of 1 comparable metric.
Key Takeaway
MSGE leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). LYV leads in 1 (Total Returns). 2 tied.
Best OverallMadison Square Garden Enter… (MSGE)Leads 2 of 6 categories
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SEAT vs MSGS vs LYV vs MSGE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is SEAT or MSGS or LYV or MSGE a better buy right now?
For growth investors, Live Nation Entertainment, Inc.
(LYV) is the stronger pick with 8. 8% revenue growth year-over-year, versus -26. 4% for Vivid Seats Inc. (SEAT). Madison Square Garden Entertainment Corp. (MSGE) offers the better valuation at 86. 6x trailing P/E (56. 8x forward), making it the more compelling value choice. Analysts rate Madison Square Garden Sports Corp. (MSGS) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SEAT or MSGS or LYV or MSGE?
On forward P/E, Madison Square Garden Entertainment Corp.
is actually cheaper at 56. 8x.
03Which is the better long-term investment — SEAT or MSGS or LYV or MSGE?
Over the past 5 years, Live Nation Entertainment, Inc.
(LYV) delivered a total return of +108. 0%, compared to -93. 1% for Vivid Seats Inc. (SEAT). Over 10 years, the gap is even starker: LYV returned +622. 5% versus SEAT's -93. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SEAT or MSGS or LYV or MSGE?
By beta (market sensitivity over 5 years), Madison Square Garden Sports Corp.
(MSGS) is the lower-risk stock at 0. 61β versus Vivid Seats Inc. 's 2. 12β — meaning SEAT is approximately 248% more volatile than MSGS relative to the S&P 500.
05Which is growing faster — SEAT or MSGS or LYV or MSGE?
By revenue growth (latest reported year), Live Nation Entertainment, Inc.
(LYV) is pulling ahead at 8. 8% versus -26. 4% for Vivid Seats Inc. (SEAT). On earnings-per-share growth, the picture is similar: Madison Square Garden Entertainment Corp. grew EPS -74. 1% year-over-year, compared to -62. 8% for Vivid Seats Inc.. Over a 3-year CAGR, LYV leads at 14. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SEAT or MSGS or LYV or MSGE?
Madison Square Garden Entertainment Corp.
(MSGE) is the more profitable company, earning 4. 0% net margin versus -75. 2% for Vivid Seats Inc. — meaning it keeps 4. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MSGE leads at 13. 0% versus -7. 3% for SEAT. At the gross margin level — before operating expenses — SEAT leads at 61. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SEAT or MSGS or LYV or MSGE more undervalued right now?
On forward earnings alone, Madison Square Garden Entertainment Corp.
(MSGE) trades at 56. 8x forward P/E versus 115. 8x for Live Nation Entertainment, Inc. — 59. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MSGS: 9. 4% to $363. 67.
08Which pays a better dividend — SEAT or MSGS or LYV or MSGE?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is SEAT or MSGS or LYV or MSGE better for a retirement portfolio?
For long-horizon retirement investors, Live Nation Entertainment, Inc.
(LYV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 80), +622. 5% 10Y return). Vivid Seats Inc. (SEAT) carries a higher beta of 2. 12 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LYV: +622. 5%, SEAT: -93. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SEAT and MSGS and LYV and MSGE?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 6%
- Gross Margin > 15%
- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 6%
- Gross Margin > 24%
- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 29%
- Gross Margin > 18%
Revenue Growth>
%
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