Vivid Seats Q2 GOV record $953.7M (+17% YoY), raises 2023 guidance, acquires Japan's Wavedash for ~$61M

Vivid Seats Inc.

Q2 revenue $165.4M (+12% YoY); net income $38.3M (+59% YoY); adjusted EBITDA $31.1M (+2%).
Marketplace GOV record $953.7M (+17% YoY) on widespread live event demand.
Raised 2023 guidance: expects double-digit growth in both Marketplace GOV and Adjusted EBITDA.
Definitive agreement to acquire Wavedash, Japan's leading secondary ticketing marketplace, for ~$61M cash.
Entered strategic partnerships with Colorado Rockies, L.A. Dodgers, L.A. Chargers to drive differentiation.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Vivid Seats Inc. reported the second quarter ended June 30, 2023 results: revenue $165.4 million, net income $38.3 million. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $165.4 million
Net income: $38.3 million
Guidance: raised
Result: reported results

Exact text from the filing

customer repeat rates.” Second Quarter 2023 Key Operational and Financial Metrics • Marketplace GOV of $953.7 million – up 17% from $814.8 million in Q2 2022 • Revenues of $165.4 million – up 12% from $147.7 million in Q2 2022 • Net income of $38.3 million – up 59% from $24.1 million in Q2 2022 • Adjusted EBITDA of $31.1 million – up 2% from $30.3 million in Q2

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Source: SEC EDGAR

accession 0000950170-23-039314

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