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Mar 31, 2022
Vivid Seats Q1 2022 Earnings Report
Vivid Seats reported record first quarter marketplace GOV and revenues, and raised its full year guidance.
Key Takeaways
Vivid Seats reported a strong first quarter in 2022, with Marketplace GOV and Revenues reaching record levels. The company's performance reflects a strong consumer demand for live events and the strength of its platform. As a result of this performance, Vivid Seats raised its full year 2022 guidance.
Marketplace GOV reached $742.1 million, up 537% compared to Q1 2021.
Revenues totaled $130.8 million, representing a 442% increase from Q1 2021.
Net income was $3.1 million, a significant improvement from the $20.3 million net loss in Q1 2021.
Adjusted EBITDA amounted to $21.0 million, up 402% from $4.2 million in Q1 2021.
Vivid Seats
Vivid Seats
Forward Guidance
Vivid Seats anticipates increased Marketplace GOV and Revenues for the year ending December 31, 2022, while maintaining Adjusted EBITDA.
Positive Outlook
- Marketplace GOV is expected to be in the range of $2.80 billion to $3.05 billion (increased from $2.7-$3.0 billion).
- Revenues are projected to be in the range of $520.0 million to $555.0 million (increased from $510.0-$550.0 million).
- Company's strong cash flow generation
- Healthy balance sheet
- Secular trends are in Vivid Seat's favor