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Mar 31, 2023
Vivid Seats Q1 2023 Earnings Report
Vivid Seats reported strong Q1 2023 results with revenue and Adjusted EBITDA growth, and raised guidance for 2023.
Key Takeaways
Vivid Seats reported an excellent start to 2023, with Q1 revenues of $161.1 million, a 23% increase year-over-year, and adjusted EBITDA of $42.4 million, a 102% increase year-over-year. The company is raising its guidance for 2023 Marketplace GOV, Revenues and Adjusted EBITDA.
Marketplace GOV increased by 15% year-over-year to $855.5 million.
Revenues increased by 23% year-over-year to $161.1 million.
Net income increased by 865% year-over-year to $30.3 million.
Adjusted EBITDA increased by 102% year-over-year to $42.4 million.
Vivid Seats
Vivid Seats
Forward Guidance
Vivid Seats anticipates increased Marketplace GOV, Revenues and Adjusted EBITDA for the year ending December 31, 2023.
Positive Outlook
- Marketplace GOV is expected to be in the range of $3.15 billion to $3.40 billion.
- Revenues are expected to be in the range of $605.0 million to $630.0 million.
- Adjusted EBITDA is expected to be in the range of $115.0 million to $130.0 million.