secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001193125-26-103009
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats Q4 net loss $428.7M; revenue down 37% YoY; weak 2026 outlook
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- Q4 Marketplace GOV $580.6M (-42% YoY), revenue $126.8M (-37% YoY), net loss $428.7M vs loss $4.4M.
- Full year 2025: GOV $2.7B (-31%), revenue $570.8M (-26%), net loss $721.5M vs income $14.3M.
- Q4 Adjusted EBITDA $0.8M (down from $34.2M); full year $41.8M (down from $151.4M).
- FY 2026 guidance: GOV $2.2-2.6B, Adj EBITDA $30-40M; Q1 GOV $570-620M, Adj EBITDA $8-10M.
- Regained Nasdaq compliance as of March 6, 2026 with majority independent directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000119312526103009/0001193125-26-103009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000119312526103009/seat-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-103009

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