M&A
confidence high
sentiment positive
materiality 0.70
Vivid Seats files VDC Holdco (Vegas.com) financials; 9M2023 rev $77.8M, net income $17.3M
Vivid Seats Inc.
- VDC Holdco (Vegas.com) revenue $77.8M for 9M2023, up 20% from $64.7M in 9M2022.
- Net income rose 22% to $17.3M from $14.2M; operating income $23.5M vs $16.2M.
- Long-term debt $19.975M (SOFR+5.31%), with $2.7M current maturities; subject to leverage covenants.
- Goodwill $45.7M, intangible assets $6.1M net; no impairment indicated.
- Transaction consolidates Vegas.com and LasVegas.com into Vivid Seats' platform.