Vivid Seats reports record Q3 revenue $156.8M (+12% YoY); raises 2022 GOV & revenue guidance

Vivid Seats Inc.

2022-Q3 EPS reported $0.23 revenue$435,284,000

Q3 Marketplace GOV $781.8M (+10% YoY); revenue $156.8M (+12% YoY); net income $18.7M vs loss of $1.8M year ago.
Adjusted EBITDA $28.3M (down 33% YoY from $42M) as company invests for growth.
Raised FY2022 guidance: Marketplace GOV $3.05-3.20B (from $2.95-3.15B), revenue $580-595M (from $540-570M); Adj. EBITDA unchanged $110-117M.
Repurchased ~$3M of common stock in Q3; strong balance sheet with cash exceeding gross debt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vivid Seats Inc. reported third quarter ended September 30, 2022 results: revenue $156.8 million, net income $18.7 million. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $156.8 million
Net income: $18.7 million
Guidance: raised
Result: reported results

Exact text from the filing

Exhibit 99.1 Vivid Seats Captures Robust Live Event Demand and Reports Record Q3 Marketplace GOV and Revenues Third Quarter 2022 Marketplace GOV of $782 million and Revenues of $157 million CHICAGO, IL – November 8, 2022 – Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”, “we” or the “Company”), a leading marketplace that utilizes its technology platform to connect

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Source: SEC EDGAR

accession 0000950170-22-022869

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