secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-122751
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q3 revenue down 1% to $186.6M, net income falls 43%; lowers 2024 guidance
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- Marketplace GOV $871.7M (-13% YoY); revenue $186.6M (-1% YoY).
- GAAP net income $9.2M (-43%); adjusted EBITDA $34.1M (+2%).
- Cancellations jumped to $35.4M in Q3 vs $10.1M a year ago, pressuring GOV.
- CFO revises 2024 guidance citing concert supply headwinds and Q4 marketing intensity.
- Skybox Drive exits beta with 100+ users; CEO expects industry growth acceleration in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017024122751/0000950170-24-122751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017024122751/seat-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122751

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