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Sep 30, 2024
Vivid Seats Q3 2024 Earnings Report
Vivid Seats reported a slight decrease in revenue but maintained strong unit economics.
Key Takeaways
Vivid Seats reported a slight decrease in revenue, attributed to temporary headwinds from concert supply, while maintaining strong unit economics and realizing synergies from the Vegas.com acquisition. The company is also rolling out Skybox Drive after exiting its beta phase.
Marketplace GOV decreased by 13% year-over-year to $871.7 million.
Revenues decreased slightly by 1% year-over-year to $186.6 million.
Net income decreased by 43% year-over-year to $9.2 million.
Adjusted EBITDA increased by 2% year-over-year to $34.1 million.
Vivid Seats
Vivid Seats
Forward Guidance
Vivid Seats is revising its 2024 guidance due to third quarter concert supply dynamics and expected marketing intensity in the fourth quarter.