Vivid Seats Inc
NASDAQ:SEAT
Income Statement
Earnings Waterfall
Vivid Seats Inc
Revenue
|
712.9m
USD
|
Cost of Revenue
|
-182.2m
USD
|
Gross Profit
|
530.7m
USD
|
Operating Expenses
|
-449.4m
USD
|
Operating Income
|
81.3m
USD
|
Other Expenses
|
-6.8m
USD
|
Net Income
|
74.5m
USD
|
Income Statement
Vivid Seats Inc
Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
35
N/A
|
(11)
N/A
|
134
N/A
|
281
+109%
|
443
+58%
|
550
+24%
|
582
+6%
|
599
+3%
|
600
+0%
|
631
+5%
|
648
+3%
|
680
+5%
|
713
+5%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(25)
|
(8)
|
(27)
|
(57)
|
(91)
|
(119)
|
(131)
|
(138)
|
(141)
|
(146)
|
(156)
|
(169)
|
(182)
|
|
Gross Profit |
10
N/A
|
(19)
N/A
|
107
N/A
|
224
+109%
|
352
+57%
|
431
+22%
|
451
+5%
|
461
+2%
|
460
0%
|
485
+5%
|
492
+2%
|
511
+4%
|
531
+4%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(153)
|
(98)
|
(130)
|
(210)
|
(276)
|
(337)
|
(358)
|
(362)
|
(382)
|
(387)
|
(394)
|
(414)
|
(449)
|
|
Selling, General & Administrative |
(104)
|
(74)
|
(130)
|
(208)
|
(274)
|
(333)
|
(353)
|
(357)
|
(376)
|
(380)
|
(388)
|
(405)
|
(433)
|
|
Depreciation & Amortization |
(48)
|
(25)
|
(1)
|
(2)
|
(2)
|
(3)
|
(5)
|
(6)
|
(8)
|
(9)
|
(10)
|
(11)
|
(17)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
3
|
2
|
1
|
|
Operating Income |
(142)
N/A
|
(117)
+18%
|
(23)
+80%
|
14
N/A
|
77
+443%
|
94
+23%
|
93
-2%
|
99
+7%
|
78
-21%
|
98
+25%
|
98
0%
|
96
-2%
|
81
-15%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(58)
|
(65)
|
(68)
|
(67)
|
(58)
|
(48)
|
(25)
|
(11)
|
(5)
|
(1)
|
(9)
|
(7)
|
(13)
|
|
Non-Reccuring Items |
(575)
|
(575)
|
0
|
0
|
(36)
|
(40)
|
(40)
|
(40)
|
(4)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
2
|
|
Pre-Tax Income |
(774)
N/A
|
(756)
+2%
|
(91)
+88%
|
(53)
+42%
|
(19)
+64%
|
5
N/A
|
26
+467%
|
47
+79%
|
69
+48%
|
97
+40%
|
86
-11%
|
86
0%
|
71
-18%
|
|
Net Income | ||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
2
|
1
|
26
|
23
|
42
|
|
Income from Continuing Operations |
(774)
|
(756)
|
(91)
|
(53)
|
(19)
|
4
|
26
|
46
|
71
|
98
|
112
|
109
|
113
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
3
|
1
|
(13)
|
(24)
|
(42)
|
(58)
|
(52)
|
(50)
|
(39)
|
|
Net Income (Common) |
(774)
N/A
|
(756)
+2%
|
(91)
+88%
|
(53)
+42%
|
(3)
+94%
|
18
N/A
|
25
+39%
|
35
+37%
|
29
-18%
|
40
+38%
|
61
+53%
|
60
-2%
|
75
+25%
|
|
EPS (Diluted) |
-3.97
N/A
|
-3.87
+3%
|
-0.47
+88%
|
-0.27
+43%
|
-0.04
+85%
|
0.09
N/A
|
0.34
+278%
|
0.44
+29%
|
0.14
-68%
|
0.2
+43%
|
0.3
+50%
|
0.61
+103%
|
0.37
-39%
|