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Mar 31, 2024
Vivid Seats Q1 2024 Earnings Report
Vivid Seats delivered strong results driven by core business performance and strategic initiatives.
Key Takeaways
Vivid Seats reported a strong first quarter with a 20% increase in Marketplace GOV and an 18% increase in revenue. The company is focused on international expansion and anticipates sustained double-digit growth.
Marketplace GOV exceeded $1 billion, up 20% year-over-year.
Revenue increased by 18% compared to the first quarter of 2023.
Net income decreased by 65% year-over-year.
The company is making progress on international expansion plans.
Vivid Seats
Vivid Seats
Forward Guidance
Vivid Seats anticipates high-teens Revenue and Adjusted EBITDA growth in 2024.
Positive Outlook
- Marketplace GOV in the range of $4.2 billion to $4.5 billion
- Revenues in the range of $810.0 million to $840.0 million
- Adjusted EBITDA in the range of $160.0 million to $170.0 million
- Strategic deployment of robust cash flow
- Continue delivering shareholder value