NYSE$SEAT

Vivid Seats Inc (Class A) · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Vivid Seats reported a slight decrease in revenue but maintained strong unit economics.

Vivid Seats reported a slight decrease in revenue, attributed to temporary headwinds from concert supply, while maintaining strong unit economics and realizing synergies from the Vegas.com acquisition. The company is also rolling out Skybox Drive after exiting its beta phase.

  • Marketplace GOV decreased by 13% year-over-year to $871.7 million.
  • Revenues decreased slightly by 1% year-over-year to $186.6 million.
  • Net income decreased by 43% year-over-year to $9.2 million.
  • Adjusted EBITDA increased by 2% year-over-year to $34.1 million.

Headline financials

Total Revenue

$153M

Previous: $154M-1.1%
EPS (adj)

$0.04

Previous: $0.07-42.9%
Capital Expenditures

-$767K

Previous: -$785K+2.3%
Free Cash Flow

$9.86M

Previous: $5.89M+67.4%
Net Income

$10.6M

Previous: $6.68M+59.2%
Operating Income

-$405M

Previous: -$568M+28.7%
Gross Profit

$125M

Previous: $134M-6.9%
Cash & Equivalents

$202M

Previous: $269M-24.7%
Total Assets

$1.61B

Previous: $1.39B+16.3%

Revenue & EPS history

Vivid Seats · Revenue · Quarterly

$153M

Q3 2024-1.1%vs Q3 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Vivid Seats is revising its 2024 guidance due to third quarter concert supply dynamics and expected marketing intensity in the fourth quarter.

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 Q3 2024

Historical avgQ3 2024

-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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