NYSE$SEAT

Vivid Seats Inc (Class A) · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Vivid Seats reported mixed results for Q4 2022, with revenue slightly up and net income significantly increased.

Vivid Seats reported a slight increase in revenue and a significant increase in net income for Q4 2022. Marketplace GOV decreased slightly, but Adjusted EBITDA increased by 22%.

  • Marketplace GOV decreased by 3% to $846.0 million compared to Q4 2021.
  • Revenues increased by 1% to $165.0 million compared to Q4 2021.
  • Net income increased significantly to $24.8 million, up 7565% from $0.3 million in Q4 2021.
  • Adjusted EBITDA increased by 22% to $33.7 million compared to $27.5 million in Q4 2021.

Headline financials

Total Revenue

$165M

Previous: $164M+0.7%
EPS (adj)

$0.13

Previous: $0.44-70.5%
Marketplace GOV

$846M

Previous: $876M-3.5%
Marketplace orders

2.2M

Previous: 2.3M-4.2%
Resale orders

88.0K

Previous: 78.0K+12.8%
Adjusted EBITDA

$33.7M

No prior period
Net Income

$24.8M

Previous: $300K+8166.7%
Operating Income

$24.8M

No prior period

Revenue & EPS history

Vivid Seats · Revenue · Quarterly

$165M

Q4 2022+0.7%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Vivid Seats anticipates Marketplace GOV, Revenues and Adjusted EBITDA for the year ending December 31, 2023 to be in the following ranges: Marketplace GOV in the range of $3.0 billion to $3.3 billion, Revenues in the range of $580.0 million to $610.0 million and Adjusted EBITDA in the range of $110.0 million to $115.0 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 Q4 2022

Historical avgQ4 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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