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Dec 31, 2023
Vivid Seats Q4 2023 Earnings Report
Vivid Seats' Q4 2023 performance reflected growth in marketplace GOV and revenues, although net income decreased. The company strategically invested in acquisitions and share repurchases, setting the stage for future growth.
Key Takeaways
Vivid Seats reported a 20% increase in revenues to $198.3 million and a 31% increase in Marketplace GOV to $1,112.3 million. Net income decreased by 10% to $22.4 million, while adjusted EBITDA increased by 4% to $35.1 million. The company authorized a new $100 million share repurchase program.
Marketplace GOV increased by 31% to $1,112.3 million.
Revenues increased by 20% to $198.3 million.
Net income decreased by 10% to $22.4 million.
Adjusted EBITDA increased by 4% to $35.1 million.
Forward Guidance
Vivid Seats anticipates Marketplace GOV, Revenues and Adjusted EBITDA for the year ending December 31, 2024 to be:
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*
- Additional detail around the 2024 outlook will be available on the fourth quarter 2023 earnings call.
- Reflects a revision from our initial Adjusted EBITDA outlook provided in November 2023.
Challenges Ahead
- We calculate forward-looking Adjusted EBITDA based on internal forecasts that omit certain information that would be included in forward-looking net income, the most directly comparable GAAP measure.
- We do not provide a reconciliation of forward-looking Adjusted EBITDA to forward-looking net income because the timing and/or probable significance of certain excluded items that have not yet occurred and are outside 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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