Vivid Seats reports Q3 results; initiates FY24 and updates FY23 outlook

2023 Monetary OutlookVivid Seats now anticipates Market GOV, Revenues and Adjusted EBITDA for the yr ending December 31, 2023 to be:

Market GOV within the vary of $3.75 billion to $3.90 billion (elevated from $3.4 billion to $3.6 billion) Revenues within the vary of $685.0 million to $705.0 million (elevated from $630.0 million to $650.0 million) vs. consensus of $643.06 million. Adjusted EBITDA within the vary of $136.0 million to $142.0 million (elevated from $125.0 million to $135.0 million).

Preliminary 2024 Monetary OutlookVivid Seats anticipates Market GOV, Revenues and Adjusted EBITDA for the yr ending December 31, 2024 to be:

Market GOV within the vary of $4.20 billion to $4.50 billion. Revenues within the vary of $810.0 million to $840.0 million vs. consensus of $688.60 million. Adjusted EBITDA within the vary of $170.0 million to $180.0 million.