Vivid Seats Q3 2025: Net loss of $19.7M, revenue -27% YoY; CEO transition, 2026 outlook

Vivid Seats Inc.

Marketplace GOV $618.1M (-29% YoY); revenue $136.4M (-27% YoY); net loss $19.7M vs net income $9.2M in Q3 2024.
Adjusted EBITDA $4.9M vs $34.1M in Q3 2024, down $29.2M.
Lawrence Fey appointed CEO effective Nov 3; Stanley Chia steps down; Edward Pickus interim CFO.
Completed corporate simplification: single class stock, TRA termination, expects up to $180M lifetime tax savings.
2026 initial outlook: Marketplace GOV $2.2-2.6B, Adjusted EBITDA $30-40M; cost savings target doubled to $60M.

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Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Vivid Seats Inc. issued warrant to TRA Parties.

Security: warrant
Purchaser: TRA Parties

Exact text from the filing

The Company’s issuance of the Amended and Restated Corporation Warrants did not involve an underwriter and was not registered under the Securities Act in reliance upon the exemption from registration provided by Section 4(a)(2) and the representations made by the TRA Parties in the CSA.

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Vivid Seats Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-267994

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