---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-267994"
form_type: "8-K"
ticker: "SEAT"
cik: "0001856031"
company_name: "Vivid Seats Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:00:34.894579+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-267994
- form_type: 8-K
- ticker: SEAT
- cik: 0001856031
- company_name: Vivid Seats Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856031/000119312525267994/0001193125-25-267994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856031/000119312525267994/seat-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-267994
- JSON: https://secwatch.observer/filing/0001193125-25-267994.json
- Plain text: https://secwatch.observer/filing/0001193125-25-267994.txt

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