secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039314
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q2 GOV record $953.7M (+17% YoY), raises 2023 guidance, acquires Japan's Wavedash for ~$61M
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- Q2 revenue $165.4M (+12% YoY); net income $38.3M (+59% YoY); adjusted EBITDA $31.1M (+2%).
- Marketplace GOV record $953.7M (+17% YoY) on widespread live event demand.
- Raised 2023 guidance: expects double-digit growth in both Marketplace GOV and Adjusted EBITDA.
- Definitive agreement to acquire Wavedash, Japan's leading secondary ticketing marketplace, for ~$61M cash.
- Entered strategic partnerships with Colorado Rockies, L.A. Dodgers, L.A. Chargers to drive differentiation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017023039314/0000950170-23-039314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017023039314/seat-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039314

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