Vivid Seats Inc. (SEAT) Q3 2024 Earnings Call Transcript Summary
Vivid Seats Inc. (SEAT) Q3 2024 Earnings Call Transcript Summary
The company saw a 13% year-over-year decline in marketplace Gross Order Value (GOV) primarily due to a reduction in average order size and total marketplace orders.The following is a summary of the Vivid Seats Inc. (SEAT) Q3 2024 Earnings Call Transcript:
以下是 Vivid Seats Inc. (SEAT) 2024年第三季度 业绩会 转录摘要:
Financial Performance:
财务表现：
Vivid Seats reported Q3 2024 revenues of $187 million with an adjusted EBITDA of $34 million and an 18% adjusted EBITDA margin.
Despite a year-over-year revenue flatness, they achieved a strong unit economics with a 17.5% take rate, up 200 basis points from the previous year.
The company saw a 13% year-over-year decline in marketplace Gross Order Value (GOV) primarily due to a reduction in average order size and total marketplace orders.
Vivid Seats报告2024年第三季度的 营业收入 为18700万美元，调整后的EBITDA为3400万美元，调整后的EBITDA利润率为18%。
尽管营收同比持平，但他们取得了强劲的单元经济效益，收取率为17.5%，比上一年提高了200个基点。
公司市场订单总价值（GOV）同比下降13%，主要是由于平均订单大小和总订单数量的减少。
Business Progress:
业务进展:
Vivid Seats launched strategic partnerships, notably with Brandon Marshall's IM Athlete, to enhance brand visibility.
The full launch of SkyBox Drive exited beta phase, showing rapid demand and integration, boosting seller engagement on the platform.
The company is ready to launch operations in selected international geographies by year-end, expanding their total addressable market (TAM).
They reported significant synergies from cross-listing between Vivid Seats and Vegas.com, with substantial email campaign engagement leading to increased orders.
Vivid Seats推出了战略合作伙伴关系，尤其是与Brandon Marshall的Im Athlete合作，以增强品牌知名度。
SkyBox Drive的全面推出退出beta阶段，显示出迅速增长的需求和整合，提高了平台上卖家的参与度。
公司准备在年底前在选定的国际地区开展业务，扩大其总地址市场(TAM)。
他们报告称维维斯座位(Vivid Seats)与维加斯(Vegas.com)之间的跨列表合作带来了显著的协同效应，大量的电子邮件营销活动导致订单增加。
Opportunities:
机会：
With the expected return of concert growth in 2025, Vivid Seats anticipates a robust market environment to capitalize on. The industry-wide 'digestion year' in 2024 sets the stage for a resurgence in demand, particularly with stadium tours and major ticketing events.
随着2025年音乐会增长的预期回归，维维斯座位(Vivid Seats)期待在一个强劲的市场环境中获利。2024年全行业的“消化年”为2025年的需求复苏奠定了基础，尤其是体育场巡回演出和重大售票活动。
Risks:
风险：
The company currently faces market headwinds including a decline in concert supply and aggressive competition leading to higher marketing intensity, impacting profitability and volume.
公司当前面临市场逆风，包括音乐会供应下降和激烈竞争导致营销强度增加，影响了盈利能力和成交量。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. 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：本文由人工智能生成。内容准确性无法完全保证。如需更全面详情，请参阅IR网站。本文仅供投资者参考，不具有任何指导或推荐建议。
