---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-018995"
form_type: "8-K"
ticker: "SEAT"
cik: "0001856031"
company_name: "Vivid Seats Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:34:09.549313+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vivid Seats Q1 GOV $612M, net loss $14.6M; discloses refinancing proposals, cost savings

## Summary
- Revenue $125.8M, net loss $14.6M, Adjusted EBITDA $9.5M.
- Marketplace GOV $612.4M (down from $820.4M YoY); Marketplace orders 1,716K (down from 2,296K).
- FY2026 outlook: GOV $2.2-2.6B, Adjusted EBITDA $30-40M.
- Disclosed 2027 guidance: ~$2.65B GOV, ~$45M EBITDA; cost savings $70M annualized ($45M cash).
- Refinancing proposals: ad hoc group proposes $50M ERO, $225M takeback term loan; company proposed 2L at 77.5¢, 12.5% equity.

## SEC filing metadata
- accession: 0001140361-26-018995
- form_type: 8-K
- ticker: SEAT
- cik: 0001856031
- company_name: Vivid Seats Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856031/000114036126018995/0001140361-26-018995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856031/000114036126018995/ef20072417_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-018995
- JSON: https://secwatch.observer/filing/0001140361-26-018995.json
- Plain text: https://secwatch.observer/filing/0001140361-26-018995.txt

## Key facts
- Earnings Releases
  Vivid Seats Inc. reported first quarter ended March 31, 2026 results: revenue $125.8 million, net income Net loss of $14.6 million.
  - Period: first quarter ended March 31, 2026
  - Revenue: $125.8 million
  - Net income: Net loss of $14.6 million
  - Result: reported results
  source text: important steps as we pursue a return to growth over the course of 2026 and beyond.” First Quarter 2026 Key Financial Highlights • Marketplace GOV of $612.4 million • Revenues of $125.8 million • Net loss of $14.6 million • Adjusted EBITDA of $9.5 million Key Business Metrics & Non-U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856031/000114036126018995/0001140361-26-018995-index.htm

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