Adam Stewart
As previously disclosed, on August 1, 2024, the Board elected Adam Stewart as a director, contingent and effective immediately upon the resignation described above.
Highest-materiality recent filing
Vivid Seats Q1 GOV $612M, net loss $14.6M; discloses refinancing proposals, cost savings
Revenue $125.8M, net loss $14.6M, Adjusted EBITDA $9.5M.
Vivid Seats Q4 net loss $428.7M; revenue down 37% YoY; weak 2026 outlook
Q4 Marketplace GOV $580.6M (-42% YoY), revenue $126.8M (-37% YoY), net loss $428.7M vs loss $4.4M.
Vivid Seats Q3 2025: Net loss of $19.7M, revenue -27% YoY; CEO transition, 2026 outlook
Marketplace GOV $618.1M (-29% YoY); revenue $136.4M (-27% YoY); net loss $19.7M vs net income $9.2M in Q3 2024.
Vivid Seats simplifies structure, terminates TRA, to issue 403K Class A shares
Vivid Seats enters Corporate Simplification Agreement with GTCR affiliates to terminate Tax Receivable Agreement.
Vivid Seats terminates TRA, eliminates dual-class stock, expects up to $180M tax savings
Terminates Tax Receivable Agreement, eliminating $6M cash payments due Q1 2026 and up to $180M lifetime tax savings.
Vivid Seats Q2 revenue down 28%; net loss $263.3M; launches $25M cost cuts
Revenue $143.6M, down 28% YoY; Marketplace GOV $685.5M, down 31%.
Vivid Seats shareholders approve reverse stock split authorization (1-for-5 to 1-for-30)
Proposal 1 approved: 154,456,368 For, 6,537,360 Against, 24,290 Abstain.
Vivid Seats Q1 revenue down 14% to $164M; net loss; suspends FY2025 guidance
Marketplace GOV $820.4M (-20% YoY); revenue $164.0M (-14% YoY).
FY2024 revenue $775.6M (+9% YoY) but net income plunged 87% to $14.3M; Q4 net loss $4.4M vs $28.5M income a year ago.
Vivid Seats Q4 net loss $4.4M; FY net income down 87% as GOV slips 1%
Full year 2024 revenue $775.6M (+9% YoY); net income $14.3M (-87% from $113.1M); Adjusted EBITDA $151.4M (+7%).
Vivid Seats reprices $393M term loans, reducing interest margin by 75 bps
Amendment repriced all $393.0M of Term Loans; margin reduced from Adj Term SOFR + 3.00% to + 2.25%.
Vivid Seats Q3 revenue down 1% to $186.6M, net income falls 43%; lowers 2024 guidance
Marketplace GOV $871.7M (-13% YoY); revenue $186.6M (-1% YoY).
Vivid Seats Q2 revenue $198M (+20% YoY), net loss $1.2M vs income $38.3M; Adj. EBITDA $44.2M (+42%)
Revenue $198.3M (+20% YoY); net loss $1.2M vs net income $38.3M in Q2 2023.
Vivid Seats Q1 revenue up 18% to $190.9M; net income down 65% to $10.7M
Marketplace GOV of $1,028.5M (+20% YoY); revenue $190.9M (+18% YoY).
Vivid Seats Q4 rev up 20% to $198.3M; net income down 10%; authorizes $100M buyback
Q4 revenue $198.3M (+20% YoY); net income $22.4M (-10%); Adjusted EBITDA $35.1M (+4%).
Vivid Seats stockholders approve incentive plan amendment raising share reserve to 47.7M
Overall Share Limit increased to 47,658,108 shares plus annual increase of 5% of outstanding shares through 2034.
Vivid Seats files VDC Holdco (Vegas.com) financials; 9M2023 rev $77.8M, net income $17.3M
VDC Holdco (Vegas.com) revenue $77.8M for 9M2023, up 20% from $64.7M in 9M2022.
Vivid Seats Q3 GOV $998.9M (+28% YoY), acquires Vegas.com for ~$243.8M, raises guidance
Q3 Marketplace GOV $998.9M (+28% YoY); revenue $188.1M (+20% YoY).
Q2 revenue $165.4M (+12% YoY); net income $38.3M (+59% YoY); adjusted EBITDA $31.1M (+2%).
Vivid Seats acquires Japanese ticket marketplace Wavedash for ~$61M
Enterprise value ¥8.7B (~$61M) cash; close expected Q3 2023.
Vivid Seats announces secondary offering of 16M shares by selling stockholder at $8.00/share
Selling stockholder sold 16,000,000 shares of Class A common stock at $8.00 per share in underwritten offering.
Vivid Seats Q1 revenue $161M (+23% YoY), Adj EBITDA $42.4M (+102%); raises 2023 guidance
Net income of $30.3M, up 865% from $3.1M in Q1 2022.
Vivid Seats reports record FY2022 revenue of $600M, up 35% YoY
FY2022 Marketplace GOV $3.2B (+33% YoY); Q4 GOV $846M (-3% YoY).
Vivid Seats reports record Q3 revenue $156.8M (+12% YoY); raises 2022 GOV & revenue guidance
Q3 Marketplace GOV $781.8M (+10% YoY); revenue $156.8M (+12% YoY); net income $18.7M vs loss of $1.8M year ago.
Vivid Seats Q2 revenue up 28% to $147.7M; raises FY2022 guidance
Marketplace GOV reached $814.8M (+18% YoY); revenues $147.7M (+28% YoY).
Vivid Seats closes warrant exchange, consent to amend warrants fails at 62.7% (needed 65%)
Completed exchange of 11.4M public warrants (62.7% of outstanding) for 2.73M shares of Class A common stock.
Vivid Seats public warrants exchange: 62.7% tendered; amendment to convert remaining fails
11,366,727 public warrants (62.7% of outstanding) validly tendered and accepted for exchange.
Vivid Seats offers 0.240 shares per warrant; authorizes $40M buyback
Exchange offer: 0.240 shares per public warrant; max 4.35M shares issuable; offer open until June 29, 2022.
Vivid Seats Q1 Marketplace GOV $742M (+537% YoY), raises full-year guidance
Revenue $130.8M (+442% YoY); Net income $3.1M vs loss of $20.3M in Q1 2021.
Vivid Seats FY2021 revenue $443M, Q4 Marketplace GOV record $876.5M
Full year 2021 revenue $443.0M, net loss $19.1M; Adjusted EBITDA $109.9M.
Vivid Seats completes $275M Term Loan B and $100M revolver refinancing
Term Loan B of $275M matures Feb 2029 at SOFR+3.25% (0.50% floor), lower than prior LIBOR+3.50% (1% floor).
Vivid Seats completes acquisition of Betcha Sports for $25M upfront, up to $40M earnouts
Upfront purchase price $25M in Vivid Seats equity, subject to adjustments; earnouts up to $40M in cash/equity.
Revenue $139.5M vs negative $7.1M in Q3 2020; net loss narrowed to $1.8M from $40.2M loss last year.
FY2021 Marketplace GOV guidance of $2.225B-$2.325B.
Vivid Seats completes de-SPAC merger with Horizon, raising $443.7M PIPE
Horizon merged into Vivid Seats; former Horizon public stockholders own ~7.1% of combined company.
As previously disclosed, on August 1, 2024, the Board elected Adam Stewart as a director, contingent and effective immediately upon the resignation described above.
On October 18, 2024, Tom Ehrhart notified Vivid Seats Inc. (the “ Company ”) of his resignation from the Company’s Board of Directors (the “ Board ”), effective November 1, 2024.
On August 1, 2024, the Company’s Board of Directors (the “Board”) elected Adam Stewart as a director
On February 29, 2024, Jonathan Wagner notified the Company that he will retire from his role as Chief Technology Officer, effective March 15, 2024.
On March 5, 2024, the Company announced that Stefano Langenbacher has been hired as the Company’s new Chief Technology Officer, effective March 18, 2024.
Upon the consummation of the Transactions, Stanley Chia, Jane DeFlorio, Craig Dixon, Julie Masino, Martin Taylor, Todd Boehly and Tom Ehrhart were appointed as directors of the Company
David Donnini was appointed as Chairman of the board of directors.
Upon the consummation of the Transactions, Stanley Chia, Jane DeFlorio, Craig Dixon, Julie Masino, Martin Taylor, Todd Boehly and Tom Ehrhart were appointed as directors of the Company
Upon the consummation of the Transactions, Stanley Chia, Jane DeFlorio, Craig Dixon, Julie Masino, Martin Taylor, Todd Boehly and Tom Ehrhart were appointed as directors of the Company
Upon the consummation of the Transactions, Stanley Chia, Jane DeFlorio, Craig Dixon, Julie Masino, Martin Taylor, Todd Boehly and Tom Ehrhart were appointed as directors of the Company
Upon the consummation of the Transactions, Stanley Chia, Jane DeFlorio, Craig Dixon, Julie Masino, Martin Taylor, Todd Boehly and Tom Ehrhart were appointed as directors of the Company
Upon the consummation of the Transactions, Stanley Chia, Jane DeFlorio, Craig Dixon, Julie Masino, Martin Taylor, Todd Boehly and Tom Ehrhart were appointed as directors of the Company
Max materiality 0.90 · Median 0.70 · Most common event earnings