NYSE$SEAT

Vivid Seats Inc (Class A) · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record-setting results, marking its first reported results as a public company.

Vivid Seats reported a strong third quarter with revenues of $139.5 million and Marketplace GOV of $713.1 million. The company's results were the highest single quarter results for Marketplace GOV, Revenues and Adjusted EBITDA in company history.

  • Revenues of $139.5 million increased from negative $7.1 million in the third quarter of 2020
  • Net loss of $1.8 million as compared to net loss of $40.2 million in the third quarter of 2020
  • Marketplace Gross Order Value of $713.1 million increased from negative $30.8 million in the third quarter 2020
  • Adjusted EBITDA of $42.0 million increased from negative $19.5 million in the third quarter of 2020

Headline financials

Total Revenue

$120M

Previous: -$7.08M+1801.0%
Marketplace GOV

$713M

Previous: -$30.8M+2416.8%
Marketplace orders

2.4M

Previous: -72.0K+3369.4%
Resale orders

73.0K

Previous: -3.0K+2533.3%
Adjusted EBITDA

$42M

Previous: -$19.5M+314.7%
Capital Expenditures

-$689K

No prior period
Free Cash Flow

-$20.1M

No prior period
Net Income

-$19.5M

Previous: -$40.2M+51.6%
Operating Income

-$1.51M

Previous: -$21.9M+93.1%
Cash & Equivalents

$488M

No prior period
Total Assets

$1.41B

No prior period

Revenue & EPS history

Vivid Seats · Revenue · Quarterly

$120M

Q3 2021-1,801%vs Q3 2020
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Forward guidance

The Company maintained the following full-year 2021 guidance:

Tailwinds

  • Marketplace GOV to be in the range of $2,225,000,000 to $2,325,000,000
  • Revenues to be in the range of $420,000,000 to $435,000,000
  • Adjusted EBITDA to be in the range of $102,000,000 to $107,000,000

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

-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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