Vivid Seats SPAC Presentation Deck

Comparable Company Benchmarking (continued) EV ($bn) EV / EBITDA ¹22E '23E EV / Revenue '22E I'23E Vivid Seats Vividseats 2.1(2) 17.7x 13.3x 4.5x 3.9x ANGI match HOMESERVICES 47.4 35.0x 12.7x 28.1x 10.9x 5.4 NM 25.6x 2.8x 2.4x Etsy 33.1 42.3x 12.1x 32.6x 9.9x 12.9 bumble airbnb DOORDASH FARFETCH Good PX POSHMARK LIVE NATION 53.1x 13.8x 39.6x Marketplaces 11.3x 105.2 66.4x 14.7x 49.6x 12.0x 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) 70.8 NM 12.5x 68.5x 9.6x 18.7 NM 6.3x 65.6x 5.0x 17.4 50.4x 16.8x 36.2x 12.7x 1.7 NM 4.1x 49.8x 3.2x 22.2 Ticketing 20.6x 1.7x 2022 Median: 43.7x 2023 Median: 36.2x 17.8x eventbrite 1.7 1.6x 43.7x 2022 Median: 12.1x 2023 Median: 9.6x 25.8x 5.9x 4.6x Vivid Seats . 47

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