secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0000950170-22-008696
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q1 Marketplace GOV $742M (+537% YoY), raises full-year guidance
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- Revenue $130.8M (+442% YoY); Net income $3.1M vs loss of $20.3M in Q1 2021.
- Adjusted EBITDA $21.0M (+402% YoY). Cancellations above normal reduced net income/EBITDA by ~$4M.
- FY 2022 Marketplace GOV guidance raised to $2.80-3.05B (from $2.7-3.0B); Revenue raised to $520-555M (from $510-550M).
- Total Marketplace orders 2,019,000 in Q1 2022, up from 293,000 in Q1 2021.
- CEO cites strong demand; company pursuing growth including Betcha.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017022008696/0000950170-22-008696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017022008696/seat-20220510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-008696

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer