secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001140361-26-018995
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000114036126018995/0001140361-26-018995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000114036126018995/ef20072417_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-018995

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