Vivid Seats Reiterated FY24 Revenue $810.0M-$840.0M Vs $826.75M Est, Adj EBITDA of $160M-$170M
Portfolio Pulse from Benzinga Newsdesk
Vivid Seats has reiterated its FY24 revenue guidance to be between $810.0M and $840.0M, with an adjusted EBITDA of $160M to $170M. The company also updated its Marketplace GOV outlook to $4.0B to $4.3B.
August 06, 2024 | 10:33 am
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Vivid Seats has reiterated its FY24 revenue guidance to be between $810.0M and $840.0M, with an adjusted EBITDA of $160M to $170M. The company also updated its Marketplace GOV outlook to $4.0B to $4.3B.
The reiteration of revenue and adjusted EBITDA guidance suggests stability in Vivid Seats' financial outlook. However, the slight downgrade in Marketplace GOV may cause some concern among investors, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100