earnings
confidence high
sentiment positive
materiality 0.80
Vivid Seats Q1 Marketplace GOV $742M (+537% YoY), raises full-year guidance
Vivid Seats Inc.
2022-Q1 EPS reported
$0.02
revenue$130,772,000
- Revenue $130.8M (+442% YoY); Net income $3.1M vs loss of $20.3M in Q1 2021.
- Adjusted EBITDA $21.0M (+402% YoY). Cancellations above normal reduced net income/EBITDA by ~$4M.
- FY 2022 Marketplace GOV guidance raised to $2.80-3.05B (from $2.7-3.0B); Revenue raised to $520-555M (from $510-550M).
- Total Marketplace orders 2,019,000 in Q1 2022, up from 293,000 in Q1 2021.
- CEO cites strong demand; company pursuing growth including Betcha.