Yahoo Finance Vivid Seats Full Year 2023 Earnings: EPS: US$0.80 (vs US$0.36 in FY 2022)
Vivid Seats (NASDAQ:SEAT) Full Year 2023 Results
Key Financial Results
Revenue: US$712.9m (up 19% from FY 2022).
Net income: US$74.5m (up 160% from FY 2022).
Profit margin: 11% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$0.80 (up from US$0.36 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vivid Seats Earnings Insights
The primary driver behind last 12 months revenue was the Marketplace segment contributing a total revenue of US$597.4m (84% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$274.1m (60% of total expenses). Explore how SEAT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's shares are down 8.5% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Vivid Seats, and understanding this should be part of your investment process.
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