Vivid Seats reports Q4 revenue $198.3M, consensus $183.67M

Reports Q4 marketplace GOV $1.11M, up 31% from $846.0M last year. “In 2023 we grew top and bottom line by nearly 25%, significantly expanded our TAM through strategic acquisitions, and executed against our objective of being the marketplace of choice for both sellers and buyers,” said Stan Chia, CEO. “…We enter 2024 excited to serve a growing $63B global ticketing TAM and are accelerating our investments to launch in new markets that will further enhance our ability to deliver sustained double-digit growth and long-term value.” “We delivered 23% Marketplace GOV growth alongside expanding profit margins during 2023,” said Lawrence Fey, CFO. “We continue to convert our topline growth into cash flow that affords us the ability to strategically invest to support double-digit growth for years to come. In 2023, we deployed our cash flow into two TAM-expanding acquisitions while repurchasing approximately three million shares. We enter 2024 with a healthy balance sheet that we will strategically deploy as needed to support international expansion and M&A while also repurchasing shares through our newly authorized $100M share repurchase program.”