Yahoo Sport

Is Taylor Swift still driving the experience economy?

Vivid Seats (SEAT) posted its first quarter earnings, revealing a jump in revenue of 18% year-over-year, supported by strong ticket sales. Vivid Seats CEO Stan Chia joins Wealth! to share insights on consumer demand for live entertainment as Taylor Swift continues her tour. "I think you know what that speaks to is just the underlying strength of the overall category. I think we've been long bullish on the thesis that in live events, you've got this amazing intersection of demand and supply, right? Where we've seen fans continue to prioritize this category over other discretionary income categories. Similarly, on the supply side, whether it's the sports teams, whether it's the artists, I think, you know, looking to go out on tour as a big income generator and engaging with fans where they want to be engaged," Chia tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino