secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019108
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q1 revenue $161M (+23% YoY), Adj EBITDA $42.4M (+102%); raises 2023 guidance
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- Net income of $30.3M, up 865% from $3.1M in Q1 2022.
- Marketplace GOV $855.5M, up 15% YoY; total orders 2.275M, up 13%.
- Raises 2023 guidance: revenue $605-630M (from $580-610M), Adj EBITDA $115-130M (from $110-115M).
- Q1 cash balance grew $52M from year-end despite $8M share repurchase.
- Filed technical 10-K amendment correcting internal controls report omission; no substantive change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017023019108/0000950170-23-019108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017023019108/seat-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019108

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