Vivid Seats Inc. (NASDAQ:SEAT) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET
Company Participants
Kate Africk - Head of IR
Stan Chia - CEO
Lawrence Fey - CFO
Conference Call Participants
Jason Bazinet - Citi
Maria Ripps - Canaccord
Curtis Nagle - Bank of America
Thomas Forte - D.A. Davidson
Daniel Kurnos - Benchmark Company
Cameron Mansson-Perrone - Morgan Stanley
Logan Reich - RBC
Ralph Schackart - William Blair
Operator
Good day, and thank you for standing by. Welcome to the Vivid Seats Third Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Kate Africk, Head of Investor Relations. Kate, please go ahead.
Kate Africk
Good morning and welcome to Vivid Seats third quarter 2023 earnings conference call. I'm Kate Africa, 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 accessed to our third quarter earnings press release, which we released earlier this morning. The press release as well as supplemental earnings slides are available on the Investor Relations page of Vivid Seats website at investors.vividseats.com.
During the course of today's call, management may make forward-looking statements within the meaning of Federal Securities laws. These forward-looking statements are subject to risks and uncertainties, including those described in our 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 provide useful information for our investors. You will find a historical reconciliation of adjusted EBITDA and adjusted EBITDA margin to the corresponding GAAP measures in our earnings press release, supplemental earnings slides and SEC filings.
And now, I would like to turn the call over to Stan.
Stan Chia
Good morning, everyone, and thank you for joining us. Today, we're pleased to share that Vivid Seats delivered another quarter of record results with our growth accelerating beyond the strong growth we saw in the first half of 2023. After delivering nearly $1 billion in Marketplace GOV, our highest quarter ever, it has never been more clear that demand for live events is strong and that we are capturing that strength at Vivid Seats. In addition, our focus on cultivating buyer loyalty continues to deliver results with repeat rates increasing and pacing ahead of expectations.