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Vivid Seats (Vivid Seats) EBIT : $68.7 Mil (TTM As of Mar. 2024)


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What is Vivid Seats EBIT?

Vivid Seats's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $18.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $68.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vivid Seats's annualized ROC % for the quarter that ended in Mar. 2024 was 5.03%. Vivid Seats's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 370.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vivid Seats's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.43%.


Vivid Seats EBIT Historical Data

The historical data trend for Vivid Seats's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vivid Seats EBIT Chart

Vivid Seats Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-12.35 -716.70 39.35 82.05 84.45

Vivid Seats Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.84 16.61 21.16 12.84 18.09

Competitive Comparison of Vivid Seats's EBIT

For the Internet Content & Information subindustry, Vivid Seats's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vivid Seats's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Vivid Seats's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vivid Seats's EV-to-EBIT falls into.



Vivid Seats EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vivid Seats  (NAS:SEAT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Vivid Seats's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=82.7 * ( 1 - 17.44% )/( (1359.607 + 1353.602)/ 2 )
=68.27712/1356.6045
=5.03 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1550.099 - 432.261 - ( 125.484 - max(0, 487.763 - 245.994+125.484))
=1359.607

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1589.24 - 463.949 - ( 154.028 - max(0, 525.166 - 296.855+154.028))
=1353.602

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Vivid Seats's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=72.372/( ( (19.982 + max(-363.32, 0)) + (19.118 + max(-378.762, 0)) )/ 2 )
=72.372/( ( 19.982 + 19.118 )/ 2 )
=72.372/19.55
=370.19 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(58.481 + 21.018 + 41.011) - (432.261 + 34.674 + 16.895)
=-363.32

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(69.649 + 29.505 + 43.673) - (463.949 + 32.983 + 24.657)
=-378.762

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Vivid Seats's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=68.703/815.257
=8.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vivid Seats EBIT Related Terms

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Vivid Seats (Vivid Seats) Business Description

Traded in Other Exchanges
N/A
Address
24 E. Washington Street, Suite 900, Chicago, IL, USA, 60602
Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy. It operates in two segments namely marketplace and resale.
Executives
Edward Pickus officer: Chief Accounting Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jonathan Miles Wagner officer: Chief Technology Officer C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Riva Bakal officer: SVP, Strategy & Product C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Hoya Topco, Llc 10 percent owner C/O KIRKLAND & ELLIS LLP, 555 CALIFORNIA STREET, SUITE 2700, SAN FRANCISCO CA 94104
Emily T Epstein officer: General Counsel 101 MERRITT 7, NORWALK CT 06851
Craig A. Dixon director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
David E. Morris officer: General Counsel C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Sbt Investors Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly director, 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Eldridge Industries, Llc 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Horizon Sponsor, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Jane E. Deflorio director 3000 N.W. 107TH AVENUE, MIAMI FL 33172
Post Portfolio Trust, Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Security Benefit Life Insurance Co /ks/ 10 percent owner ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636-0001
Julie D. Masino director C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606