SEAT Earnings Prediction
The chart below shows how SEAT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SEAT sees a +4.14% change in stock price 10 days leading up to the earnings, and a -1.47% change 10 days following the report. On the earnings day itself, the stock moves by +1.05%. This data can give you a slight idea of what to expect for the next quarter's release.
SEAT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
186.60M
-0.81%
-5.91%
Gross Margin
66.94%
-6.27%
-4.52%
Operating Margin
6.78%
-43.50%
17.30%
Net Margin
4.93%
-42.07%
-895.16%
EPS
0.04
-42.86%
-500.00%
No Data Available
SEAT Earnings Analysis
Vivid Seats Inc. Class A Common Stock Corporation (SEAT.O) Earnings Conference Call
Positive
Q3 Revenue and EBITDA Performance: In the third quarter, we delivered $187 million of revenues and $34 million of adjusted EBITDA, including an 18% adjusted EBITDA margin.
Marketplace GOV Decline: We generated $872 million of marketplace GOV, a 13% year-over-year decline, but delivered strong unit economics led by a 17.5% taker rate, which was up 200 basis points year-over-year.
Adjusted EBITDA Increase: We delivered $34 million of adjusted EBITDA in the third quarter, which was slightly higher year-over-year.
Adjusted EBITDA Margin Performance: We are pleased with our 18% adjusted EBITDA margin despite lower marketplace GOV than anticipated.
2024 Financial Projections: We expect 2024 marketplace GOV to be in the range of $3.8 billion to $4.0 billion, with 2024 revenues in the range of $760 million to $780 million and 2024 adjusted EBITDA in the range of $145 million to $155 million.
Negative
Marketplace G.O.V Decline: In the third quarter of 2024, we generated $872 million of market place G.O.V, a 13% year-over-year decline.
Market Place G.O.V Decline: The drop in market place G.O.V was driven by an 11% year-over-year reduction in average order size and a 2% year-over-year decline in total market place orders.
Quarterly Revenue Performance: We delivered $187 million of revenues in the third quarter, roughly flat year-over-year despite the decline in market place G.O.V.
2024 Market Place Forecast: We expect 2024 market place G.O.V to be in the range of $3.8 billion to $4.0 billion, indicating a challenging environment ahead.
Concert Cancellations Impact: We have seen several large concert cancellations in the third quarter, which were headwinds to market place G.O.V and total market place orders.
SEAT FAQs
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SEAT Earning Call Sentiment
Vivid Seats Inc. (SEAT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SEAT.O
0.46%Positive
The earnings call presents mixed signals: strong financial metrics with adjusted EBITDA growth and take rate improvement, but weak guidance, declining order size, and concert cancellations. The Q&A highlights management's optimism about future growth and international expansion, yet acknowledges current challenges. The lack of shareholder return plans and cautious responses to regulatory impacts contribute to a neutral sentiment. Overall, the balance of positive and negative factors suggests a neutral stock price movement.
