earnings
confidence high
sentiment negative
materiality 0.75
Vivid Seats Q4 net loss $4.4M; FY2024 net income down 87% to $14.3M; 2025 guidance below prior year Adj EBITDA
Vivid Seats Inc.
- FY2024 revenue $775.6M (+9% YoY) but net income plunged 87% to $14.3M; Q4 net loss $4.4M vs $28.5M income a year ago.
- Q4 Marketplace GOV fell 11% YoY to $994.4M; full year GOV down 1% to $3.89B, hurt by higher concert cancellations.
- 2025 outlook: GOV $3.7-4.1B, revenue $730-810M, Adj EBITDA $110-150M (2024 Adj EBITDA $151.4M), signaling potential decline.
- Company launched European expansion and United Airlines partnership; expects top-line growth return in H2 2025.