secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0000950170-25-102372
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q2 revenue down 28%; net loss $263.3M; launches $25M cost cuts
--------------------------------------------------------------------------

- Revenue $143.6M, down 28% YoY; Marketplace GOV $685.5M, down 31%.
- Net loss of $263.3M vs $1.2M loss in Q2 2024; Adj. EBITDA $14.4M vs $44.2M.
- Announced $25M annualized cost reduction program, expected fully actioned by end of 2025.
- 1-for-20 reverse stock split effective 5:00 p.m. ET today; SEAT begins split-adjusted trading Aug 6.
- No FY 2025 guidance provided; CEO cites pressure on consumer spending and competitive intensity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025102372/0000950170-25-102372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000095017025102372/seat-20250805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-102372

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