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年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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报告称，第一季度市场GOV超过10亿美元，收入和调整后的息税折旧摊销前利润分别为1.91亿美元和3,900万美元。
该公司的收入增长了20％，调整后的息税折旧摊销前利润率强劲，超过20％。
由于收购引入了不同的AOS概况，2024年第一季度的平均订单规模为358美元，较2023年第一季度的376美元有所下降。
净杠杆率为远期调整后息税折旧摊销前利润的0.7倍，现金余额为1.54亿美元。
Business Progress:
业务进展：
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.
据报告，战略举措取得了重大进展，重点是促进与买方和卖方的长期关系。
最近收购的Vegas.com业务正在成功整合，为收入协同效应做出了贡献。
鉴于海外市场条件良好，该公司有望在年底前向国际扩张。
他们宣布将利用自己的技术平台，成为2025年开始的新大学篮球锦标赛的独家门票提供商。
自动定价工具Skybox Drive预计将于今年晚些时候推出。
他们承诺实施 ESG 举措，计划在 2024 年 11 月之前成立占多数的独立董事会。
足球、UFC和摔跤等女子体育和中等体育类别的表现令人鼓舞，潜在的机会也在拉斯维加斯和其他全球市场得到认可。
More details: Vivid Seats IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。