Vivid Seats(US:SEAT)2023-08-12 04:46Q2 2023 Financial Highlights - Marketplace GOV reached $954 million[3] - Revenues totaled $165 million[3] - Adjusted EBITDA amounted to $31 million[3] - Net income was $38326 thousand[3, 21] Q2 2023 Performance Analysis - Concert revenues increased by 18% to $77741 thousand compared to $65816 thousand in Q2 2022[29] - Theater revenues increased by 31% to $15527 thousand compared to $11856 thousand in Q2 2022[29] - Sports revenues decreased by 12% to $45349 thousand compared to $51285 thousand in Q2 2022[29] Financial Guidance Update - Marketplace GOV guidance revised upwards to $34 billion to $36 billion from the previous $30 billion to $33 billion[13] - Adjusted EBITDA guidance increased to $125 million to $135 million from $110 million to $115 million[13] Balance Sheet and Strategic Initiatives - The company has a cash balance exceeding debt by $35 million[25] - The company is acquiring Wavedash, a Japanese secondary ticket marketplace, for approximately $61 million in cash[25]