Vivid Seats reports strong Q2 results with revenue and Adjusted EBITDA growth

From GlobeNewswire: 2024-08-06 06:30:00

Vivid Seats Inc. (NASDAQ: SEAT) reported strong financial results for Q2 2024 with a 20% year-over-year revenue growth and 42% year-over-year Adjusted EBITDA growth. Marketplace GOV reached $998.1 million, up 5% from the previous year. The company experienced total Marketplace orders of 3,097 and total Resale orders of 101 in Q2 2024.

Vivid Seats CFO, Lawrence Fey, noted robust revenue and Adjusted EBITDA growth in Q2, showcasing their ability to navigate competitive landscapes. They refinanced their term loan, reducing interest rates and adding $125 million of cash to the balance sheet. 2024 financial outlook now anticipates Marketplace GOV of $4.0 billion to $4.3 billion, revenues of $810.0 million to $830.0 million, and Adjusted EBITDA of $160.0 million to $170.0 million.

Vivid Seats, a leading online ticket marketplace, seeks to connect fans with live events, artists, and teams they love. Recognized for its exceptional customer service, Vivid Seats offers a wide selection of events and tickets in North America. The company’s proprietary software drives the live event ticketing ecosystem, promoting shared experiences and connection.



Read more at GlobeNewswire:: Vivid Seats Delivers Strong Second Quarter Results