Vivid Seats Inc. (NASDAQ:SEAT) Q1 2022 Results Conference Call May 10, 2022 8:30 AM ET
Company Participants
Kate Copouls - Head of Investor Relations
Stan Chia - Chief Executive Officer
Lawrence Fey - Chief Financial Officer
Conference Call Participants
Ralph Schackart - William Blair
Maria Ripps - Canaccord Genuity
Tom Forte - D.A. Davidson
Andrew Marok - Raymond James
Operator
Welcome to the Vivid Seats Q1 2022 Earnings Conference Call. My name is Richard, and I'll be your operator for today's call. [Operator Instructions] As a reminder, the conference is being recorded.
I will now turn the call over to Kate Copouls, Head of Investor Relations. Ms. Copouls, you may begin.
Kate Copouls
Good morning, and welcome to Vivid Seats First Quarter 2022 Earnings Conference Call. I am Kate Copouls, Head of Investor Relations at Vivid Seats. Joining me today to discuss Vivid Seats' results are Stan Chia, Chief Executive Officer; and Larry Fey, Chief Financial Officer.
By now, everyone should have access to the company's first quarter earnings press release filed earlier this morning. We have also provided supplemental earnings slides. The press release and earnings slides are available on the Investor Relations page of Vivid Seats' website at investors.vividseats.com.
During the course of this call, management may make forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to the risks and uncertainties as described in the company's earnings press release and other filings with the SEC.
On today's call, we will refer to adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP financial measures that we believe provide useful information for our investors. You will find a historical reconciliation of adjusted EBITDA and adjusted EBITDA margin to the corresponding GAAP measure in the earnings press release, supplemental earnings slides and other filings with the SEC.
And now I would like to turn the call over to Stan.
Stan Chia
Good morning, everyone, and thank you for joining us today.
I'm excited to speak with you about our strong record-setting first quarter and the continued momentum we are seeing across our business. In the first quarter of 2022, we achieved our highest ever Q1 Marketplace GOV and Revenues. The results we delivered in the first quarter demonstrate growing consumer demand over the last year and our outpaced performance in that environment. Fans are eager to attend live events, and we are well positioned to capitalize on that demand. As such, we have raised our 2022 guidance.