secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-053927
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q1 revenue up 18% to $190.9M; net income down 65% to $10.7M
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- Marketplace GOV of $1,028.5M (+20% YoY); revenue $190.9M (+18% YoY).
- Net income fell to $10.7M from $30.3M; Adjusted EBITDA $38.9M (-8% YoY).
- Total Marketplace orders 2.876M (+26%); Resale orders 99,000 (+14%).
- Generated $39M cash from operations in Q1; initiated 2024 share repurchase program.
- CEO cites international expansion progress and revenue synergies with Vegas.com.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017024053927/0000950170-24-053927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017024053927/seat-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053927

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