Vivid Seats Results Presentation Deck
Q1 2022 Financial Highlights
Marketplace GOV¹
$742M
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Up from $116M in Q1'21
Up from $24M in Q1'21
Up from $4M in Q1'21
Record first quarter Marketplace GOV & Revenues despite unexpectedly high cancellations
Excluding excess cancellations³
Adjusted EBITDA would have been ~$4 million higher
Adjusted EBITDA Margin² would have been ~300bps higher
Prior year comps still significantly impacted by COVID-19
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Revenues
$131M
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Adjusted EBITDA²
$21M
(1) Marketplace GOV represents the total transactional amount of Marketplace segment orders placed on our platform in a period, inclusive of fees, exclusive of taxes, and net of event cancellations
that occurred during that period.
(2) Adjusted EBITDA and Adjusted EBITDA Margin are not measures defined under GAAP. See the appendix for a reconciliation of Adjusted EBITDA to net income (loss) and Adjusted EBITDA Margin to
net income (loss) margin. Q1'22 net income was $3.1M and Q1'21 net loss was $20.3M. Q1'22 net income margin was 2.4% and Q1'21 net loss margin was -84.0%.
(3) Canceled GOV as a portion of pre-cancel GOV was 4.5% in Q1'22 versus 1% in FY'19, which we view as the last comparable period not impacted by COVID-19.
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