Vivid Seats Q1 Sales $190.852M Beat $181.668M Estimate, Net Income of $10.7M, Down 65% YoY
Portfolio Pulse from Benzinga Newsdesk
Vivid Seats reported Q1 sales of $190.852M, surpassing the $181.668M estimate, marking an 18.50% increase YoY. However, net income fell by 65% to $10.7M.
May 07, 2024 | 10:32 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Vivid Seats exceeded Q1 sales estimates and showed significant revenue growth YoY, but experienced a substantial decrease in net income.
While the revenue beat and growth are positive signs, the significant drop in net income could concern investors, potentially balancing out the stock's short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100