---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-063942"
form_type: "8-K"
ticker: "SEAT"
cik: "0001856031"
company_name: "Vivid Seats Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T14:03:58.534288+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vivid Seats Q1 revenue down 14% to $164M; net loss; suspends FY2025 guidance

## Summary
- Marketplace GOV $820.4M (-20% YoY); revenue $164.0M (-14% YoY).
- Net loss of $9.8M vs net income of $10.7M in Q1 2024; Adjusted EBITDA $21.7M (-44%).
- CEO cites robust competitive intensity and softening industry trends.
- CFO suspends FY2025 guidance due to elevated uncertainty; industry volumes now expected flat-to-down.
- Resale segment orders stable at 105k vs 99k; Marketplace orders down 20% to 2.3M.

## SEC filing metadata
- accession: 0000950170-25-063942
- form_type: 8-K
- ticker: SEAT
- cik: 0001856031
- company_name: Vivid Seats Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856031/000095017025063942/0000950170-25-063942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856031/000095017025063942/seat-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-063942
- JSON: https://secwatch.observer/filing/0000950170-25-063942.json
- Plain text: https://secwatch.observer/filing/0000950170-25-063942.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.