secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000950170-24-091202
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q2 revenue $198M (+20% YoY), net loss $1.2M vs income $38.3M; Adj. EBITDA $44.2M (+42%)
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- Revenue $198.3M (+20% YoY); net loss $1.2M vs net income $38.3M in Q2 2023.
- Marketplace GOV $998.1M (+5% YoY); total Marketplace orders 3.1M (+18%).
- Adjusted EBITDA $44.2M (+42% YoY); refinanced term loan, adding $125M cash to balance sheet.
- CFO cites plans to deploy cash for share repurchases and strategic M&A; CEO highlights loyalty and platform growth.
- Board elected Adam Stewart as director, contingent on board changes for Nasdaq compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017024091202/0000950170-24-091202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017024091202/seat-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-091202

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