Vivid Seats Results Presentation Deck
Non-GAAP Reconciliations
Net income (loss) margin
Income tax expense (benefit)
Interest expense net
Depreciation and amortization
Sales tax liability (1)
Transaction costs(2)
Equity-based compensation (3)
Loss on extinguishment of debt(4)
Litigation, settlements and related costs(5)
Severance related to COVID-19(6)
Change in fair value of warrants(7)
Change in fair value of contingent consideration (8)
Loss on asset disposals (9)
Adjusted EBITDA margin
Q1 2021
-84.0%
67.7%
1.2%
9.4%
14.7%
4.5%
2.7%
1.2%
17.4%
Q2 2021
2.3%
14.6%
0.4%
9.3%
3.3%
1.0%
0.4%
31.3%
2021
Q3 2021
-1.3%
12.4%
0.5%
15.5%
1.0%
0.9%
1.1%
30.1%
Q4 2021
0.2%
0.2%
4.7%
0.5%
-15.6%
2.4%
1.6%
21.9%
0.1%
0.8%
16.8%
Q1 2022
2.4%
0.1%
3.0%
1.1%
0.7%
1.1%
2.8%
3.3%
-0.0%
1.7%
16.1%
Q2 2022
16.3%
1.8%
1.2%
1.4%
1.6%
3.6%
0.7%
-6.0%
20.5%
2022
Q3 2022
12.0%
0.1%
1.8%
1.4%
-0.1%
0.3%
3.2%
0.1%
-0.0%
-0.8%
0.0%
18.0%
Q4 2022
15.1%
-1.1%
2.0%
1.5%
0.3%
3.1%
0.8%
-1.0%
-0.5%
0.2%
20.4%
2021
-4.3%
0.1%
13.1%
0.5%
2.0%
2.9%
1.4%
8.1%
0.6%
0.1%
Full Year
0.3%
24.8%
2022
11.8%
-0.3%
2.1%
1.3%
0.5%
0.8%
3.2%
0.7%
0.4%
-1.4%
-0.3%
0.1%
18.9%View entire presentation