Loading...
•
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...