Vivid Seats reposted this
This week, we reported our Q1 results, another strong quarter, fueled by the hard work of our team at Vivid Seats, as well as continued categorical strength. 🙏💪 2024 is off to an excellent start at Vivid Seats with strong financials and substantial progress made against key strategic initiatives. We are proud to have delivered 20% top-line growth and strong Adjusted EBITDA margins that exceeded 20%. (https://lnkd.in/gMfBeRdw) Some highlights: · We saw industry demand strength continue in Q1, with fans across categories eager to see their favorite artists and teams live in person. We forecast double-digit growth on top and bottom line for 2024 and sustained compounding double-digit growth, as we capture continued live event growth in North America and expand abroad. · We are on track with our international expansion timeline and are on track to launch internationally by the end of the year. We continue to see favorable market conditions and believe our differentiated value proposition will be well-received by international fans. · We are excited to unlock Vegas.com synergies and are making great progress, as high-intent live event fans traveling to Vegas browse an even more comprehensive offering of live event listings. Our optimization efforts are ongoing, and we see great potential and multiple avenues for synergies. Overall, our Q1 results showcase the power of our core business and are a testament to our strong market position, superior and differentiated offering. This is because of the consistent execution of our talented team to keep raising the bar. Thank You team. 🙏 LFG! 💪🤟 #VividSeats #ExperienceItLive #LFG
Impressive results and strategic growth! 👏 Love how you’re capitalizing on market conditions and international expansion. Your team's hard work clearly shines. 💼🚀
Paula Smith
4d
Hi Stan - pleased to see you had a strong Q1. I flew to Las Vegas from the UK to see The Killers and bought my tickets through your company. You sent the wrong tickets and we wasted thousands of pounds and missed the chance of a lifetime. Not getting any traction with your Customer Services - please can you escalate? Thanks.
Owen Jennings
4mo
"We are excited to unlock Vegas.com synergies" This...Excited to see what you do here! So much opportunity.
Jim McBride
4mo
well done Stan. Your performance numbers must be very gratifying for you
Jose M.
1mo
Great news, Arshad! With such impressive growth and international expansion on the horizon, how do you plan to sustain this momentum and navigate potential challenges in new markets?
Glen Dall
4mo
Congratulations on another strong quarter, Vivid Seats team! Exciting to see the progress made against key strategic initiatives and the forecast for sustained growth.
Bill Makris
1mo
Stan, please give me a call today as I h8ave been trying to connect with you - Billy Makris
Ken Solky
4mo
Congratulations! Great work by the entire team! Lead by a great leader!!
Don Cook
4mo
Love Vivid Seats and love that strong free cash flow, keep it coming!
Nice quarter, Stan!