Earnings Call Summary | Vivid Seats(SEAT.US) Q1 2024 Earnings Conference
Earnings Call Summary | Vivid Seats(SEAT.US) Q1 2024 Earnings Conference
The following is a summary of the Vivid Seats Inc. (SEAT) Q1 2024 Earnings Call Transcript:
以下是Vivid Seats Inc.(SEAT)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Vivid Seats reported Q1 marketplace GOV over $1 billion, with revenues and adjusted EBITDA amounting to $191 million and $39 million respectively.
The company exhibited 20% top-line growth and a robust adjusted EBITDA margin exceeding 20%.
The average order size was $358 in Q1 2024, showing a reduction from $376 in Q1 2023, due to acquisitions introducing different AOS profiles.
Net leverage was 0.7X forward adjusted EBITDA, with a cash balance standing at $154 million.
Vivid Seats報告稱,第一季度市場GOV超過10億美元,收入和調整後的息稅折舊攤銷前利潤分別爲1.91億美元和3,900萬美元。
該公司的收入增長了20%,調整後的息稅折舊攤銷前利潤率強勁,超過20%。
由於收購引入了不同的AOS概況,2024年第一季度的平均訂單規模爲358美元,較2023年第一季度的376美元有所下降。
淨槓桿率爲遠期調整後息稅折舊攤銷前利潤的0.7倍,現金餘額爲1.54億美元。
Business Progress:
業務進展:
Significant progress was reported on strategic initiatives, focusing on fostering long-term relationships with buyers and sellers.
The recently acquired Vegas.com business is integrating successfully, contributing to revenue synergies.
The company is on track to expand internationally by the end of the year, given favorable market conditions overseas.
They announced their role as the exclusive ticket provider for a new College basketball tournament starting in 2025, capitalising on their tech platform.
The launch of Skybox Drive, an automated pricing tool, is anticipated for later this year.
They committed to ESG initiatives, planning for a majority independent board of directors by November 2024.
Promising performances were noted in women's sports and secondary sports categories, like soccer, UFC, and wrestling, and potential opportunities are recognized in Vegas and other global markets.
據報告,戰略舉措取得了重大進展,重點是促進與買方和賣方的長期關係。
最近收購的Vegas.com業務正在成功整合,爲收入協同效應做出了貢獻。
鑑於海外市場條件良好,該公司有望在年底前向國際擴張。
他們宣佈將利用自己的技術平台,成爲2025年開始的新大學籃球錦標賽的獨家門票提供商。
自動定價工具Skybox Drive預計將於今年晚些時候推出。
他們承諾實施 ESG 舉措,計劃在 2024 年 11 月之前成立佔多數的獨立董事會。
足球、UFC和摔跤等女子體育和中等體育類別的表現令人鼓舞,潛在的機會也在拉斯維加斯和其他全球市場得到認可。
More details: Vivid Seats IR
更多詳情: 生動的座椅紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。