8-K
filed March 5, 2024, 6:59 PM ET
ticker SEAT
CIK 0001856031
earnings
confidence high
sentiment positive
materiality 0.70
Vivid Seats Q4 rev up 20% to $198.3M; net income down 10%; authorizes $100M buyback
Vivid Seats Inc.
- Q4 revenue $198.3M (+20% YoY); net income $22.4M (-10%); Adjusted EBITDA $35.1M (+4%).
- FY 2023 revenue $712.9M (+19%); net income $107.0M (+51%); Adjusted EBITDA $142.0M (+25%).
- Marketplace GOV Q4 $1.11B (+31% YoY); FY $3.92B (+23%).
- Board authorized $100M share repurchase program with no fixed expiration.
- CTO Jonathan Wagner retiring March 15; Stefano Langenbacher named new CTO effective March 18.
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 the fiscal year ended December 31, 2023 results: revenue $712.9 million, net income $107.0 million.
- Period
- the fiscal year ended December 31, 2023
- Revenue
- $712.9 million
- Net income
- $107.0 million
- Result
- reported results
Exact text from the filing
Full Year 2023 Key Operational and Financial Metrics • Marketplace GOV of $3,920.5 million – up 23% from $3,184.8 million in 2022 • Revenues of $712.9 million – up 19% from $600.3 million in 2022 • Net income of $107.0 million – up 51% from $70.8 million in 2022 • Adjusted EBITDA of $142.0 million – up 25% from $113.3 million in 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Vivid Seats Inc. reported the fourth quarter ended December 31, 2023 results: revenue $198.3 million, net income $22.4 million.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $198.3 million
- Net income
- $22.4 million
- Result
- reported results
Exact text from the filing
Fourth Quarter 2023 Key Operational and Financial Metrics • Marketplace GOV of $1,112.3 million – up 31% from $846.0 million in Q4 2022 • Revenues of $198.3 million – up 20% from $165.0 million in Q4 2022 • Net income of $22.4 million – down 10% from $24.8 million in Q4 2022 • Adjusted EBITDA of $35.1 million – up 4% from $33.7 million in Q4 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jonathan Wagner retired as Chief Technology Officer at Vivid Seats Inc..
- Action
- retired
- Role
- Chief Technology Officer
Exact text from the filing
On February 29, 2024, Jonathan Wagner notified the Company that he will retire from his role as Chief Technology Officer, effective March 15, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Stefano Langenbacher was appointed as Chief Technology Officer at Vivid Seats Inc..
- Action
- appointed
- Role
- Chief Technology Officer
Exact text from the filing
On March 5, 2024, the Company announced that Stefano Langenbacher has been hired as the Company’s new Chief Technology Officer, effective March 18, 2024.
View on SEC.gov
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