NYSE$SEAT
Vivid Seats Inc (Class A) · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Vivid Seats achieved record Marketplace GOV and expanded its total addressable market internationally.
Vivid Seats reported a strong second quarter with record Marketplace GOV and solid profitability, leading to raised guidance for 2023 Marketplace GOV, Revenues, and Adjusted EBITDA. The company also expanded its TAM internationally by acquiring Wavedash.
- Marketplace GOV increased by 17% year-over-year to $953.7 million.
- Revenues increased by 12% year-over-year to $165.4 million.
- Net income increased by 59% year-over-year to $38.3 million.
- Adjusted EBITDA increased by 2% year-over-year to $31.1 million.
Headline financials
Revenue & EPS history
Vivid Seats · Revenue · Quarterly
$139M
Forward guidance
Vivid Seats raised its full year 2023 guidance for Marketplace GOV, Revenues, and Adjusted EBITDA.
Tailwinds
- Marketplace GOV is expected to be in the range of $3.4 billion to $3.6 billion.
- Revenues are expected to be in the range of $630.0 million to $650.0 million.
- Adjusted EBITDA is expected to be in the range of $125.0 million to $135.0 million.
- Acquisition of Wavedash will expand profitability.
- Strategic optionality enabled by cash flow and robust balance sheet.
Headwinds
- Forecasting the timing or amount of items that have not yet occurred and are out of our control is inherently uncertain and unavailable without unreasonable efforts.
- Supply and demand of large-scale sporting events, concerts and theater shows.
- Relationships with buyers, sellers and distribution partners.
- Changes in internet search engine algorithms or in marketplace rules.
- Competition in the ticketing industry.
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 2023
-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
| Quarter | Report date | Reaction (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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