Vivid Seats Q1 revenue up 18% to $190.9M; net income down 65% to $10.7M

Vivid Seats Inc.

Marketplace GOV of $1,028.5M (+20% YoY); revenue $190.9M (+18% YoY).
Net income fell to $10.7M from $30.3M; Adjusted EBITDA $38.9M (-8% YoY).
Total Marketplace orders 2.876M (+26%); Resale orders 99,000 (+14%).
Generated $39M cash from operations in Q1; initiated 2024 share repurchase program.
CEO cites international expansion progress and revenue synergies with Vegas.com.

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 first quarter ended March 31, 2024 results: revenue $190.9 million, net income $10.7 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $190.9 million
Net income: $10.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2024 Key Operational and Financial Metrics • Marketplace GOV of $1,028.5 million – up 20% from $855.5 million in Q1 2023 • Revenues of $190.9 million – up 18% from $161.1 million in Q1 2023 • Net income of $10.7 million – down 65% from $30.3 million in Q1 2023 • Adjusted EBITDA of $38.9 million – down 8% from $42.4 million in Q1 2023

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Source: SEC EDGAR

accession 0000950170-24-053927

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