secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0000950170-25-037611
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q4 net loss $4.4M; FY net income down 87% as GOV slips 1%
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- Full year 2024 revenue $775.6M (+9% YoY); net income $14.3M (-87% from $113.1M); Adjusted EBITDA $151.4M (+7%).
- Q4 2024 revenue $199.8M (+1%); net loss $4.4M vs net income $28.5M in Q4 2023; Adjusted EBITDA $34.2M (-2%).
- Marketplace GOV for 2024 $3,892.6M (-1% from 2023); Q4 GOV $994.4M (-11% YoY) partly due to event cancellations.
- 2025 outlook: GOV $3.7-4.1B, revenue $730-810M, adjusted EBITDA $110-150M; expects return to growth in H2.
- CEO announces European launch and partnership with United Airlines; cites continued competitive intensity in performance marketing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025037611/0000950170-25-037611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025037611/seat-20250228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-037611

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