VIVID SEATS Reports 12.0% Increase in Total Revenue for FY2023 Q2
August 22, 2023
☀️Earnings Overview
VIVID ($NASDAQ:SEAT):
Analysis
GoodWhale conducted an analysis of VIVID SEATS‘s financials and the results showed that the company had an intermediate health score of 6/10 according to Star Chart. This suggests that VIVID SEATS is likely to pay off its debt and fund future operations. Furthermore, Good Whale classified VIVID SEATS as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. It is likely that investors who are looking for potentially high reward investments may be interested in VIVID SEATS. This is due to the fact that the company is strong in asset, medium in growth, profitability and weak in dividend. Such investors may be willing to take on higher risk for potential higher reward, making VIVID SEATS an attractive investment opportunity. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vivid Seats. More…
| Total Revenues | Net Income | Net Margin |
| 648.25 | 60.64 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vivid Seats. More…
| Operations | Investing | Financing |
| 95.64 | -14.07 | -62.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vivid Seats. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.32k | 827.6 | -3.05 |
Key Ratios Snapshot
Some of the financial key ratios for Vivid Seats are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | – | 15.2% |
| FCF Margin | ROE | ROA |
| 12.6% | -17.8% | 4.7% |
Peers
The company sells tickets to sporting events, concerts, and theater shows. Vivid Seats was founded in 2001. The company has about 1,000 employees. Vivid Seats has offices in Chicago, Los Angeles, New York City, and San Francisco. Vivid Seats competes with Maoyan Entertainment, Tencent Music Entertainment Group, and TGS Esports Inc.
– Maoyan Entertainment ($SEHK:01896)
As of 2022, Maoyan Entertainment has a market cap of 8.44B and a Return on Equity of 1.85%. The company is a leading entertainment platform in China, offering ticketing services, film and television content, and other entertainment-related services.
– Tencent Music Entertainment Group ($NYSE:TME)
Tencent Music Entertainment Group is a Chinese music streaming and download service provider. It operates the music apps QQ Music, Kugou Music, and Kuwo Music. As of December 2018, it had 800 million monthly active users.
Tencent Music’s market cap is 9.78B as of 2022. The company has a Return on Equity of 4.46%. Tencent Music is a Chinese music streaming and download service provider. It operates the music apps QQ Music, Kugou Music, and Kuwo Music. As of December 2018, it had 800 million monthly active users.
– TGS Esports Inc ($OTCPK:TGSEF)
TGS Esports Inc is a publicly traded company with a market capitalization of $5.85 million as of early 2022. The company operates in the competitive video gaming industry and focuses on delivering live and on-demand gaming content to fans worldwide. TGS Esports also owns and operates several professional gaming teams. The company’s return on equity (ROE) is an impressive 406.99%, meaning that for every dollar invested by shareholders, the company generates over four dollars in profits. TGS Esports is clearly a well-run company that is capitalizing on the growing popularity of competitive gaming.
Summary
Investors are closely watching VIVID SEATS‘s performance as the company reported Q2 FY2023 results with total revenue of USD 165.4 million, a 12.0% increase from the previous year. Net income of the company was USD 30.7 million, an impressive jump from the previous year’s 9.6 million. Despite this impressive performance, stock prices moved down the same day, likely due to investors’ expectations being higher than the actual results. Nevertheless, investors will be looking for further positive news as the company continues to grow.
