Vivid Seats SPAC Presentation Deck

Comparable Company Benchmarking Revenue growth plus EBITDA margin ('23E) Revenue YoY growth '22E-'23E EBITDA margin '22E I'23E EBITDA YoY growth '22E-'23E Vivid Seats II Vividseats match 42.4% 14.4% 24.0% 28.0% 34.0% 56.1% 17.4% 36.4% 38.7% 24.7% ANGI HOMESERVICES 27.4% 18.1% 2.8% NM 9.3% 11 Etsy 52.5% 22.2% 28.5% 30.3% 30.0% bumble airbnb DOORDASH FARFETCH GoodR POSHMARK 50.5% 22.0% 25.9% Marketplaces 28.5% 34.0% 46.5% 22.3% 22.1% 24.2% 33.9% Source: Company information, Factset as of September 3, 2021 Notes: Financials calendarized to December year-end. Negative margins and 100% + growth are considered not meaningful ("NM") (1) Live Nation financials reflect the consolidated company (including non-ticketing sectors) 44.0% 29.9% 7.9% 14.1% NM 33.6% 25.9% 4.1% 7.7% NM 67.2% 32.1% 33.3% 35.1% 39.3% 33.4% 26.9% 4.0% NM 6.... Ticketing LIVE NATION eventbrite 20.1% 11.4% Median: 46.5% 15.6% 47.3% Median: 22.3% 29.6% 2023 Median: 17.7% 2022 Median: 13.5% 8.4% 8.7% 13.5% 17.7% Median: 33.9% 69.8% Vivid Seats 46

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