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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Vividseat CEO stan Chia Stan Why do you think that

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Speaker 2: your forecast is lighter that what investors are expecting? Is

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Speaker 2: this kind of a reflection here of this booming rebound

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Speaker 2: but people going back into the entertainment.

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Speaker 1: World, Hie Sheanali. Thanks for having me.

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Speaker 3: Look, I think when we look at our performance that

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Speaker 3: we delivered last year, I think really strong year for

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Speaker 3: the company and certainly reported in our results right for

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Speaker 3: the full year, twenty three percent growth on the top line,

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Speaker 3: twenty five percent growth on an EVA DA basis, landing

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Speaker 3: at one hundred and forty two million, And look, I

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Speaker 3: think what we told everybody is we continue to be

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Speaker 3: really excited about the space and perhaps more importantly, really

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Speaker 3: excited about the opportunity to extend the platform, the benefits

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Speaker 3: that we're seeing into the international markets, and therefore an

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Speaker 3: incremental investment into the international markets to take advantage of

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Speaker 3: that opportunity.

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Speaker 1: And i'd point out.

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Speaker 3: It's still yielding us significant double digit growth on the

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Speaker 3: top and bottom with even the reflected investments being a

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Speaker 3: sixteen percent year over year EBIT dog growth to put

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Speaker 3: US at one sixty five one hundred and sixty five

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Speaker 3: million of adjusted EBIT at the midpoint.

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Speaker 2: Now, how do you see things moving forward? Is this

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Speaker 2: more competition that you're facing when it comes to events

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Speaker 2: or is this a consumer that's slowing down?

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Speaker 3: Yeah, you know, I think what we've continued to see

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Speaker 3: is really strong secular tailwinds in the category where consumers

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Speaker 3: continue to prioritize their spend on experiential events.

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Speaker 1: And you know, certainly when we.

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Speaker 3: Look at our platform, our investments in the space, we

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Speaker 3: see great behavior from consumers.

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Speaker 1: We see stickiness within our product.

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Speaker 3: We are one of the only ones out there with

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Speaker 3: an industry leading loyalty program, and as we report it

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Speaker 3: on today, you know, since we've launched that program, we've

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Speaker 3: mixed thirteen hundred basis points into repeat orders, where our

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Speaker 3: repeat orders are almost at sixty percent now.

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Speaker 1: And i'd remind you know, I think everyone look.

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Speaker 3: Our repeat order stick to the platform and they're significantly

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Speaker 3: more profitable, which then allows us to go out and

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Speaker 3: invest in new capabilities and the opportunity to tap new

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Speaker 3: markets as well. Well.

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Speaker 2: What are those new markets for you? In particular? You

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Speaker 2: think we're after the super Bowl, now, what are the

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Speaker 2: sporting events that you would be going after that could

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Speaker 2: yield the most results for you. Do you expect big

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Speaker 2: money into other areas.

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Speaker 3: I think we're excited about the entirety of the space,

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Speaker 3: certainly you know, sports, and you know, last year we

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Speaker 3: made two acquisitions, the most recent of which was vegas

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Speaker 3: dot Com, the leading authority in Las Vegas, and we

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Speaker 3: see a lot of tailwinds in particular in that market

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Speaker 3: with the Super Bowl, as you mentioned, just having been

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Speaker 3: in Las Vegas, you know, F one had its inaugural

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Speaker 3: year last year, first of a ten year deal there,

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Speaker 3: and the sphere which is they're also driving wonderful acts.

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Speaker 3: So I think across the spectrum sports, concert, theater, you know,

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Speaker 3: we continue to be really excited about that trend here

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Speaker 3: in North America, and you know, increasingly so as we

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Speaker 3: see those experiential and consumer preferences scaled globally as well.

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Speaker 2: Now, so you're a company that went public vias back

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Speaker 2: a number of years ago. How do you think that

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Speaker 2: your life in public markets is going to play out?

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Speaker 2: Your stock did hit a record low today, You've had

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Speaker 2: some significant backers in the private equity world. How do

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Speaker 2: you expect your ownership to change over the next couple

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Speaker 2: of years.

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Speaker 1: Yeah.

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Speaker 3: Look, you know, I really focus on the results and

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Speaker 3: the execution that the company has continued deliver to deliver. Right.

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Speaker 1: I think we've got a wonderful team.

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Speaker 3: We've got, you know, great long term investors in the

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Speaker 3: in the in the stock that continue I think to

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Speaker 3: yield the performance that we've seen. Right. I'll go back

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Speaker 3: to I think as a public company that came out

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Speaker 3: in October of twenty one, we certainly beat our guidance

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Speaker 3: in the street every single quarter. When you look at

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Speaker 3: this most recent quarter again, as we've talked about beating

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Speaker 3: consensus on the top and bottom in double digits, right,

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Speaker 3: and you know, against a scaled marketplace.

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Speaker 1: Right, we came out.

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Speaker 3: You know, if you remember twenty nineteen, you know, I

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Speaker 3: think when you look at our disclosures, we were closer

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Speaker 3: to two billion in GOOV, closer to a hundred million

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Speaker 3: and EBITDA, and our guidance for twenty twenty four, you

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Speaker 3: know at the midpoint four point three to five billion

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Speaker 3: in gov with one hundred and sixty five million in

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Speaker 3: adjusted EBITDA and great cash flow coming out of that. Right.

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Speaker 1: So I can go back to when you look at

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Speaker 1: the execution of.

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Speaker 3: The business, the core performance, and the financial results we're delivering.

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Speaker 3: I think we're really excited about that. I think certainly

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Speaker 3: there are elements on the share price. Look who doesn't

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Speaker 3: wish their share price was higher. We certainly think we're undervalue,

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Speaker 3: and I think we've put you know, I think proof

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Speaker 3: to the putting here today where the board and I announced,

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Speaker 3: you know, the authorization that we're going to go out

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Speaker 3: with one hundred million dollars share repurchase authorization as well,

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Speaker 3: because certainly we see a strong dispersion and distraction between

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Speaker 3: the share price and the company performance.

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Speaker 2: Stanley, thank you for your time. We have to leave

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Speaker 2: that there. That is vivid ceat CEO stan Chia