NYSE$SEAT

Vivid Seats Inc (Class A) · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Vivid Seats reported record Marketplace Orders and raised guidance.

Vivid Seats reported a strong second quarter in 2022, with record-setting Marketplace GOV driven by a record number of Marketplace Orders. Revenues and net income increased significantly compared to the previous year, although Adjusted EBITDA decreased. The company raised its full-year 2022 guidance for Marketplace GOV, Revenues, and Adjusted EBITDA.

  • Marketplace GOV reached $814.8 million, an 18% increase year-over-year.
  • Revenues totaled $147.7 million, up 28% compared to Q2 2021.
  • Net income was $24.1 million, a substantial 810% increase from the previous year.
  • Adjusted EBITDA was $30.3 million, a 16% decrease compared to Q2 2021.

Headline financials

Total Revenue

$148M

No prior period
EPS (adj)

$0.12

No prior period
Marketplace GOV

$815M

No prior period
Marketplace orders

2.4M

No prior period
Resale orders

67.0K

No prior period
Capital Expenditures

-$1.39M

No prior period
Free Cash Flow

$8.26M

No prior period
Net Income

$9.66M

No prior period
Operating Income

$17.9M

No prior period
Gross Profit

$115M

No prior period
Cash & Equivalents

$288M

No prior period
Total Assets

$1.22B

No prior period
Stock-Based Comp

$5.31M

No prior period

Revenue & EPS history

Vivid Seats · Revenue · Quarterly

$148M

Q2 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Vivid Seats anticipates increased Marketplace GOV, Revenues, and Adjusted EBITDA for the year ending December 31, 2022.

Tailwinds

  • Marketplace GOV is projected to be in the range of $2.95 billion to $3.15 billion.
  • Revenues are expected to be in the range of $540.0 million to $570.0 million.
  • Adjusted EBITDA is anticipated to be in the range of $110.0 million to $117.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-5.4%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-5.7%

Avg return

30 days after

26%

5 / 19 earnings

Positive

+20.9%

Q1 2023

Best reaction

-37.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.9%+40.8%+40.8%
Q4 2025-7.7%+4.9%-0.7%
Q3 2025-10.4%-18.7%-35.9%
Q1 2025-37.5%-35.8%-41.2%
Q4 2024-23.1%-28.9%-24.9%
Q3 2024-12.9%-4.4%-17.8%
Q2 2024-11.4%-12.9%+10.7%
Q1 2024-2.6%+0.2%-4.2%
Q4 2023-13.6%-6.4%-4.9%
Q3 2023+17.3%+17.9%+8.2%
Q2 2023-3.1%-2.5%-8.0%
Q1 2023+20.9%+21.9%-1.3%
Q4 2022+10.3%+7.3%+19.9%
Q3 2022-8.8%-0.5%-5.7%
Q2 2022-1.1%+10.6%-0.3%
Q1 2022-15.5%-3.0%-1.4%
Q4 2021-11.5%-5.1%-13.0%
Q3 2021-3.8%-6.9%-23.4%
Q1 2021+0.8%
Q3 2020
Q2 2020
Q1 2020

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