Vivid Seats Expects FY24 Revenues In The Range Of $810M-$840M Vs. $822.75M Estimate, Sees Adjusted EBITDA In The Range Of $160M-$170M
Portfolio Pulse from Benzinga Newsdesk
Vivid Seats projects its FY24 revenues to be between $810M-$840M, compared to the market estimate of $822.75M. The company also forecasts its adjusted EBITDA to range from $160M-$170M.
March 05, 2024 | 11:42 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Vivid Seats projects FY24 revenues to be in the range of $810M-$840M, aligning closely with the market estimate of $822.75M, and expects adjusted EBITDA between $160M-$170M.
Vivid Seats' revenue forecast closely aligns with market expectations, indicating a stable outlook. The adjusted EBITDA projection further supports the company's profitability expectations. Given the alignment with market estimates, the short-term impact on SEAT's stock price is likely neutral, as the projections may have already been factored into the current stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100