Benzinga | Oct 25, 2021 09:20AM EDT

Vivid Seats Sees FY21 Marketplace GOV $2.225B-$2.325B; Sees Revs $420M-$435M

Vivid Seats Inc. ("Vivid Seats" or the "Company"), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced that it had filed an 8-K with the U.S. Securities and Exchange Commission ("SEC") providing guidance regarding its financial and operational trends.



For the full-year 2021, the Company expects Marketplace GOV to be in the range of $2,225,000,000 to $2,325,000,000(1), Revenues to be in the range of $420,000,000 to $435,000,000 and Adjusted EBITDA to be in the range of $102,000,000 to $107,000,000(2).

While the COVID-19 pandemic has had, and may continue to have, material impacts on the Company's business and operating results, the Company anticipates a smaller degree of impact on the above financial and operational results for full year 2021 than originally anticipated. The Company expects this off-cycle guidance to be a unique circumstance and hereafter expects to provide annual guidance at a regularly scheduled time each year.

On October 18, 2021, Vivid Seats completed a business combination with Horizon Acquisition Corporation. On October 19, 2021, the common stock and warrants of the Company began trading on the Nasdaq Global Market under the symbols "SEAT" and "SEATW," respectively.