NYSE$SEAT
Vivid Seats Inc (Class A) · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Vivid Seats' Q4 2023 performance reflected growth in marketplace GOV and revenues, although net income decreased. The company strategically invested in acquisitions and share repurchases, setting the stage for future growth.
Vivid Seats reported a 20% increase in revenues to $198.3 million and a 31% increase in Marketplace GOV to $1,112.3 million. Net income decreased by 10% to $22.4 million, while adjusted EBITDA increased by 4% to $35.1 million. The company authorized a new $100 million share repurchase program.
- Marketplace GOV increased by 31% to $1,112.3 million.
- Revenues increased by 20% to $198.3 million.
- Net income decreased by 10% to $22.4 million.
- Adjusted EBITDA increased by 4% to $35.1 million.
Headline financials
Revenue & EPS history
Vivid Seats · Revenue · Quarterly
$198M
Forward guidance
Vivid Seats anticipates Marketplace GOV, Revenues and Adjusted EBITDA for the year ending December 31, 2024 to be:
Tailwinds
- Marketplace GOV in the range of $4.2 billion to $4.5 billion
- Revenues in the range of $810.0 million to $840.0 million
- Adjusted EBITDA in the range of $160.0 million to $170.0 million*
- Additional detail around the 2024 outlook will be available on the fourth quarter 2023 earnings call.
- Reflects a revision from our initial Adjusted EBITDA outlook provided in November 2023.
Headwinds
- We calculate forward-looking Adjusted EBITDA based on internal forecasts that omit certain information that would be included in forward-looking net income, the most directly comparable GAAP measure.
- We do not provide a reconciliation of forward-looking Adjusted EBITDA to forward-looking net income because the timing and/or probable significance of certain excluded items that have not yet occurred and are outside of our control is inherently uncertain and unavailable without unreasonable efforts.
- Such items could have a significant and unpredictable impact on our future GAAP financial results.
- Chief Technology Officer Appointment
- Today, Vivid Seats announced the appointment of Stefano Langenbacher as Chief Technology Officer.
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 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro