Vivid Seats Inc reports results for the quarter ended in June - Earnings Summary

Vivid Seats

06/08/2024 16:34

* Vivid Seats Inc  SEAT.OQ  reported a quarterly adjusted
loss of
1 cent​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 20
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 6 cents per share. Wall Street expected
results to range from 2 cents to 12 cents per share.
    * Revenue rose 19.9% to $198.32 million from a year ago;
analysts
expected $194.65 million. 
    * Vivid Seats Inc's reported EPS for the quarter was a loss
of 1
cent​.
    * The company reported a quarterly loss of $1.06 million.
    * Vivid Seats Inc shares had fallen by 27.0% this
quarter and
lost 33.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Vivid Seats Inc
is $9.00 
This summary was machine generated from LSEG data August 6 at
03:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.06           -0.01          Missed
 Mar. 31 2024                     0.04           
 Dec. 31 2023      0.05           0.09           Beat
 Sep. 30 2023      0.04           0.07           Beat