Vivid Seats SPAC Presentation Deck

Comparable Company Benchmarking (cont'd) EV ($bn) EV / EBITDA ¹22E I'23E EV / Revenue '22E l'23E Vivid Seats VIVIDSEATS match 2.1(3) 18.7x 14.0x 4.5x 3.9x VIVIDSEATS. (1) (2) (3) 44.5 34.1x 26.8x 13.4x 11.4x ANGI HOMESERVICES 8.8 30.6x 4.5x 19.1x 3.7x Etsy 29.4 35.5x 11.3x 26.3x 9.2x - bumble airbnb 12.3 54.0x 13.8x 41.2x Marketplaces 11.3x 118.1 NM NM 18.3x 14.6x 50.4 NM 10.9x DOORDASH FARFETCH Good POSHMARK LIVE NATION 71.0x 8.4x - - 22.7 NM 52.6x 1. Marketplace 7.9x 5.9x 15.6 44.6x 15.0x 31.0x 2. Industry 11.2x 3.1 NM 7.4x 74.7x 3. Platform 5.7x Ticketing 21.7 21.7x 17.8x 4. Financials 2022 Median: 35.5x 2023 Median: 32.7x 53.4x 1.8x 1.5x Source: Company information, FactSet as of April 14, 2021 Notes: Financials calendarized to December year-end, multiples above 75x or negative are considered not meaningful ("NM") (1) Net Revenue and Adj. EBITDA exclude the impact of cancellations and elevated chargebacks. Adjusted EBITDA as presented in this presentation is calculated pursuant to the definition of EBITDA under our credit facilities and may differ from the calculation of Adjusted EBITDA presented in any filings with the U.S. Securities and Exchange Commission, including any Form S-4 we plan to file in connection with the solicitation of votes from shareholders of Horizon Acquisition Corporation Live Nation financials reflect the consolidated company (including non-ticketing sectors) PF Enterprise Value of $2.059bn eventbrite 2.2 2022 Median: 10.9x 2023 Median: 8.4x 34.4x 7.3x 6.0x 27

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