Vivid Seats Q2 2022 Earnings Report
Key Takeaways
Vivid Seats reported a strong second quarter in 2022, with record-setting Marketplace GOV driven by a record number of Marketplace Orders. Revenues and net income increased significantly compared to the previous year, although Adjusted EBITDA decreased. The company raised its full-year 2022 guidance for Marketplace GOV, Revenues, and Adjusted EBITDA.
Marketplace GOV reached $814.8 million, an 18% increase year-over-year.
Revenues totaled $147.7 million, up 28% compared to Q2 2021.
Net income was $24.1 million, a substantial 810% increase from the previous year.
Adjusted EBITDA was $30.3 million, a 16% decrease compared to Q2 2021.
Vivid Seats
Vivid Seats
Forward Guidance
Vivid Seats anticipates increased Marketplace GOV, Revenues, and Adjusted EBITDA for the year ending December 31, 2022.
Positive Outlook
- Marketplace GOV is projected to be in the range of $2.95 billion to $3.15 billion.
- Revenues are expected to be in the range of $540.0 million to $570.0 million.
- Adjusted EBITDA is anticipated to be in the range of $110.0 million to $117.0 million.