Vivid Seats Inc reports results for the quarter ended March 31 - Earnings Summary

• Vivid Seats Inc SEAT.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of nine analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -4 cents to 4 cents per share.

• Revenue fell 13.9% to $164.02 million from a year ago; analysts expected $169.71 million.

• Vivid Seats Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $5.94 million.

• Vivid Seats Inc shares had fallen by 5.7% this quarter and lost 39.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 112.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Vivid Seats Inc is $5.00

This summary was machine generated from LSEG data May 6 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)