Vivid Seats Q1 revenue $161M (+23% YoY), Adj EBITDA $42.4M (+102%); raises 2023 guidance

Vivid Seats Inc.

Net income of $30.3M, up 865% from $3.1M in Q1 2022.
Marketplace GOV $855.5M, up 15% YoY; total orders 2.275M, up 13%.
Raises 2023 guidance: revenue $605-630M (from $580-610M), Adj EBITDA $115-130M (from $110-115M).
Q1 cash balance grew $52M from year-end despite $8M share repurchase.
Filed technical 10-K amendment correcting internal controls report omission; no substantive change.

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 first quarter ended March 31, 2023 results: revenue $161.1 million, net income $30.3 million.

Period: first quarter ended March 31, 2023
Revenue: $161.1 million
Net income: $30.3 million
Result: reported results

Exact text from the filing

First Quarter 2023 Key Operational and Financial Metrics • Marketplace GOV of $855.5 million – up 15% from $742.1 million in Q1 2022 • Revenues of $161.1 million – up 23% from $130.8 million in Q1 2022 • Net income of $30.3 million – up 865% from $3.1 million in Q1 2022 • Adjusted EBITDA of $42.4 million – up 102% from $21.0 million in Q1 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vivid Seats Inc. reported year ending December 31, 2023 results: revenue $605.0 million to $630.0 million. Guidance raised.

Period: year ending December 31, 2023
Revenue: $605.0 million to $630.0 million
Guidance: raised
Result: guidance update

Exact text from the filing

Vivid Seats now anticipates Marketplace GOV, Revenues and Adjusted EBITDA for the year ending December 31, 2023 to be: • Marketplace GOV in the range of $3.15 billion to $3.40 billion (increased from $3.0 billion to $3.3 billion) • Revenues in the range of $605.0 million to $630.0 million (increased from $580.0 million to $610.0 million) • Adjusted EBITDA in the range of $115.0 million to $130.0 million (5) (increased from $110.0 million to $115.0 million)

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Vivid Seats Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-019108

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