earnings
confidence high
sentiment negative
materiality 0.80
Vivid Seats Q4 net loss $4.4M; FY net income down 87% as GOV slips 1%
Vivid Seats Inc.
- Full year 2024 revenue $775.6M (+9% YoY); net income $14.3M (-87% from $113.1M); Adjusted EBITDA $151.4M (+7%).
- Q4 2024 revenue $199.8M (+1%); net loss $4.4M vs net income $28.5M in Q4 2023; Adjusted EBITDA $34.2M (-2%).
- Marketplace GOV for 2024 $3,892.6M (-1% from 2023); Q4 GOV $994.4M (-11% YoY) partly due to event cancellations.
- 2025 outlook: GOV $3.7-4.1B, revenue $730-810M, adjusted EBITDA $110-150M; expects return to growth in H2.
- CEO announces European launch and partnership with United Airlines; cites continued competitive intensity in performance marketing.