secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K/A
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0000950170-25-038228
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q4 net loss $4.4M; FY2024 net income down 87% to $14.3M; 2025 guidance below prior year Adj EBITDA
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- FY2024 revenue $775.6M (+9% YoY) but net income plunged 87% to $14.3M; Q4 net loss $4.4M vs $28.5M income a year ago.
- Q4 Marketplace GOV fell 11% YoY to $994.4M; full year GOV down 1% to $3.89B, hurt by higher concert cancellations.
- 2025 outlook: GOV $3.7-4.1B, revenue $730-810M, Adj EBITDA $110-150M (2024 Adj EBITDA $151.4M), signaling potential decline.
- Company launched European expansion and United Airlines partnership; expects top-line growth return in H2 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025038228/0000950170-25-038228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025038228/seat-20250312.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-038228

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