earnings
confidence high
sentiment positive
materiality 0.80
Vivid Seats Q3 revenue $139.5M, record Marketplace GOV $713.1M; first reported results as public company
Vivid Seats Inc.
- Revenue $139.5M vs negative $7.1M in Q3 2020; net loss narrowed to $1.8M from $40.2M loss last year.
- Marketplace GOV $713.1M, highest single quarter; total marketplace orders 2.354M.
- Adjusted EBITDA $42.0M, up from negative $19.5M in Q3 2020.
- Launched new brand and Vivid Seats Rewards loyalty program offering 10% value on every ticket.
- Cash from operations plus business combination proceeds leave cash in excess of debt.