secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0000950170-25-063942
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025063942/0000950170-25-063942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025063942/seat-20250506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-063942

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