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Dec 31, 2021
Vivid Seats Q4 2021 Earnings Report
Vivid Seats reported record marketplace GOV and revenues, invested in brand awareness, and exceeded full year guidance.
Key Takeaways
Vivid Seats reported Q4 2021 financial results, achieving record Marketplace GOV of $876.5 million and revenues of $163.9 million. Net income was $0.3 million and Adjusted EBITDA was $27.5 million. The company exceeded the high end of its full year guidance across Marketplace GOV, Revenues and Adjusted EBITDA.
Marketplace GOV reached a record $876.5 million.
Revenues hit a record $163.9 million.
Net income was $0.3 million.
Adjusted EBITDA was $27.5 million.
Forward Guidance
Vivid Seats anticipates Marketplace GOV, Revenues and Adjusted EBITDA for the year ending December 31, 2022 to be in the following ranges: Marketplace GOV in the range of $2.7 billion to $3.0 billion, Revenues in the range of $510.0 million to $550.0 million and Adjusted EBITDA in the range of $110.0 million to $115.0 million
Positive Outlook
- Marketplace GOV in the range of $2.7 billion to $3.0 billion
- Revenues in the range of $510.0 million to $550.0 million
- Adjusted EBITDA in the range of $110.0 million to $115.0 million
- Additional detail around the 2022 outlook will be available on the fourth quarter 2021 earnings call.
- We calculate forward-looking non-GAAP Adjusted EBITDA based on internal forecasts that omit certain information that would be included in forward-looking GAAP net income (loss), the most directly comparable GAAP measure.
Challenges Ahead
- We do not attempt to provide a reconciliation of forward-looking non-GAAP Adjusted EBITDA guidance to forward-looking GAAP net income (loss) because forecasting the timing or amount of items that have not yet occurred and are out of our control is inherently uncertain and unavailable without unreasonable efforts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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