Vivid Seats Inc. (SEAT)

Vivid Seats Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	775.59	712.88	600.27	443.04	35.08
Revenue Growth (YoY)	8.80%	18.76%	35.49%	1163.04%	-92.52%
Cost of Revenue	201.85	182.18	140.51	90.62	24.69
Gross Profit	573.73	530.7	459.77	352.42	10.39
Selling, General & Admin	479.83	422.62	375.99	273.53	104.32
Other Operating Expenses	7.44	5.96	-	-	-
Operating Expenses	531.51	445.76	383.73	275.85	152.57
Operating Income	42.23	84.94	76.04	76.57	-142.18
Interest Expense	-23.17	-13.51	-12.86	-58.18	-57.48
Other Non Operating Income (Expenses)	3.67	3.11	8.23	-0.09	-
EBT Excluding Unusual Items	22.72	74.54	71.41	18.3	-199.66
Merger & Restructuring Charges	-	-4.6	-	-1.3	-
Impairment of Goodwill	-	-	-	-	-377.1
Asset Writedown	-	-	-	-	-196.74
Other Unusual Items	-	1	-2.22	-35.83	-0.69
Pretax Income	22.72	70.94	69.19	-18.83	-774.19
Income Tax Expense	8.42	-42.2	-1.59	0.3	-
Earnings From Continuing Operations	14.3	113.14	70.78	-19.13	-774.19
Minority Interest in Earnings	-4.88	-38.61	-42.12	3.01	-
Net Income	9.43	74.54	28.66	-16.12	-774.19
Preferred Dividends & Other Adjustments	-	-	-	-12.84	-774.19
Net Income to Common	9.43	74.54	28.66	-3.28	-
Net Income Growth	-87.36%	160.05%	-	-	-
Shares Outstanding (Basic)	132	93	80	77	-
Shares Outstanding (Diluted)	209	199	199	77	-
Shares Change (YoY)	5.16%	0.07%	156.45%	-	-
EPS (Basic)	0.07	0.80	0.36	-0.04	-
EPS (Diluted)	0.06	0.26	0.36	-0.04	-
EPS Growth	-78.20%	-27.69%	-	-	-
Free Cash Flow	49.7	146.43	10.82	174.66	-34.23
Free Cash Flow Per Share	0.24	0.74	0.05	2.25	-
Gross Margin	73.97%	74.44%	76.59%	79.55%	29.61%
Operating Margin	5.44%	11.92%	12.67%	17.28%	-405.34%
Profit Margin	1.21%	10.46%	4.78%	-0.74%	-
Free Cash Flow Margin	6.41%	20.54%	1.80%	39.42%	-97.59%
EBITDA	86.46	102.12	83.77	78.89	-93.93
EBITDA Margin	11.15%	14.32%	13.96%	17.81%	-267.79%
D&A For EBITDA	44.24	17.18	7.73	2.32	48.25
EBIT	42.23	84.94	76.04	76.57	-142.18
EBIT Margin	5.44%	11.92%	12.67%	17.28%	-
Effective Tax Rate	37.05%	-	-	-	-
Advertising Expenses	284.7	273.5	247.3	180.7	-

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q