Vivid Seats Inc. (NASDAQ:SEAT) shares jumped more than 18% on Tuesday after the company reported better-than-expected results across the board, driven by year-over-year growth in AOS and resilient demand, despite elevated competitive dynamics.
Both Q4 EPS of $0.12 and revenue of $165 million came in better than the Street estimates of $0.10 and $154.49 million, respectively. Q4 EBITDA of $33.7 million came in 7% ahead of the Street estimate, with EBITDA margins improving quarter-over-quarter and year-over-year, driven by prudent cost control and the company prioritizing mostly profitable marketing opportunities, along with an encouraging broader improvement in repeat rates.
The company expects full 2023-year revenue to be in the range of $580-610 million, compared to the Street estimate of $615.73 million.
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