Brief: Vivid Seats Raises Guidance After Record First Quarter 2022 Marketplace Gov And Revenues

Vivid Seats

10/05/2022 11:40

May 10 (Reuters) - Vivid Seats Inc  SEAT.O :
    * VIVID SEATS RAISES GUIDANCE AFTER RECORD FIRST QUARTER
2022
MARKETPLACE GOV AND REVENUES
    * QTRLY REVENUES OF $130.8 MILLION - UP 442% FROM $24.1
MILLION IN
Q1 2021
    * SEES 2022 REVENUES IN RANGE OF $520.0 MILLION TO $555.0
MILLION
    * SEES 2022 ADJUSTED EBITDA IN RANGE OF $110.0 MILLION TO
$115.0
MILLION
    * QTRLY NET INCOME OF $3.1 MILLION VERSUS $20.3 MILLION NET
LOSS
IN Q1 2021
    * Q1 REVENUE VIEW $113.8 MILLION -- REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $539.7 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX2Rjy5q 
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