Vivid Seats Inc
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
SEAT$1.49-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity (Deficit)
| Net income | 18,090 | — | — | — | — | — | — | — | 12,182 | — | 12,182 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Issuance of shares | — | 491,502 | 1 | — | — | — | — | — | — | — | 1 |
| Deemed contribution from former parent | 577 | — | — | — | — | 391 | — | — | — | — | 391 |
| Equity-based compensation | — | — | — | — | — | 4,615 | — | — | — | — | 4,615 |
| Repurchases of common stock | — | — | — | — | — | — | (949,020) | (7,612) | — | — | (7,612) |
| Distributions to non-controlling interests | (3,816) | — | — | — | — | — | — | — | — | — | — |
| Subsequent remeasurement of Redeemable noncontrolling interests | 24,155 | — | — | — | — | (24,155) | — | — | — | — | (24,155) |
| Balances at March 31, 2023 | $901,866 | 82,902,276 | $9 | 118,200,000 | $12 | $644,759 | (5,291,497) | $(40,106) | $(1,001,950) | $— | $(397,276) |
| Net income | 7,614 | — | — | — | — | — | — | — | 30,712 | — | 30,712 |
| Issuance of shares | — | 309,529 | — | — | — | — | — | — | — | — | — |
| Deemed contribution from former parent | 544 | — | — | — | — | 431 | — | — | — | — | 431 |
| Secondary Offering of Class A common stock | (145,064) | 18,400,000 | 2 | (18,400,000) | (2) | 145,064 | — | — | — | — | 145,064 |
| Equity-based compensation | — | — | — | — | — | 6,524 | — | — | — | — | 6,524 |
| Distributions to non-controlling interests | (7,200) | — | — | — | — | — | — | — | — | — | — |
| Subsequent remeasurement of Redeemable noncontrolling interests | 32,656 | — | — | — | — | (32,656) | — | — | — | — | (32,656) |
| Establishment of liabilities under the Tax Receivable Agreement, net of tax and other tax impact of the Secondary Offering (Note 17) | — | — | — | — | — | (46,132) | — | — | — | — | (46,132) |
| Balances at June 30, 2023 | $790,416 | 101,611,805 | $11 | 99,800,000 | $10 | $717,990 | (5,291,497) | $(40,106) | $(971,238) | $— | $(293,333) |
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT)
(in thousands, except share data) (Unaudited)
| Class A Common Stock · Class B Common Stock · Treasury Stock | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Redeemable noncontrolling interests | Shares | Amount | Shares | Amount | Additional paid-in capital | Shares | Amount | Accumulated deficit | Accumulatedothercomprehensive loss | Total shareholders' equity | |
| Balances at January 1, 2024 | $481,742 | 141,167,311 | $14 | 76,225,000 | $8 | $1,096,430 | (7,291,497) | $(52,586) | $(939,596) | $747 | $105,017 |
| Net income | 4,665 | — | — | — | — | — | — | — | 6,077 | — | 6,077 |
| Issuance of shares | — | 961,573 | — | — | — | — | — | — | — | — | — |
| Net settlement of equity incentive awards | — | (79,905) | — | — | — | (462) | — | — | — | — | (462) |
| Deemed contribution from former parent | 75 | — | — | — | — | 133 | — | — | — | — | 133 |
| Equity-based compensation | — | — | — | — | — | 8,439 | — | — | — | — | 8,439 |
| Repurchases of common stock | — | — | — | — | — | — | (715,000) | (4,120) | — | — | (4,120) |
| Distributions to non-controlling interest | (3,654) | — | — | — | — | — | — | — | — | — | — |
| Other comprehensive loss | (643) | — | — | — | — | — | — | — | — | (1,130) | (1,130) |
| Subsequent remeasurement of Redeemable noncontrolling interests, net of tax impacts | (25,597) | — | — | — | — | 25,597 | — | — | — | — | 25,597 |
| Balances at March 31, 2024 | $456,588 | 142,048,979 | $14 | 76,225,000 | $8 | $1,130,137 | (8,006,497) | $(56,706) | $(933,519) | $(383) | $139,551 |
| Net loss | (160) | — | — | — | — | — | — | — | (1,061) | — | (1,061) |
| Issuance of shares | — | 524,906 | — | — | — | — | — | — | — | — | — |
| Net settlement of equity incentive awards | — | (19,182) | — | — | — | (104) | — | — | — | — | (104) |
| Deemed contribution from former parent | 2,959 | — | — | — | — | 5,113 | — | — | — | — | 5,113 |
| Equity-based compensation | — | — | — | — | — | 11,237 | — | — | — | — | 11,237 |
| Repurchases of common stock | — | — | — | — | — | — | (2,743,656) | (15,949) | — | — | (15,949) |
| Distributions to non-controlling interest | (2,760) | — | — | — | — | — | — | — | — | — | — |
| Other comprehensive loss | (476) | — | — | — | — | — | — | — | — | (833) | (833) |
| Subsequent remeasurement of Redeemable noncontrolling interests, net of tax impacts | (17,857) | — | — | — | — | 17,857 | — | — | — | — | 17,857 |
| Balances at June 30, 2024 | $438,294 | 142,554,703 | $14 | 76,225,000 | $8 | $1,164,240 | (10,750,153) | $(72,655) | $(934,580) | $(1,216) | $155,811 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands) (Unaudited)
| Six Months Ended June 30, | |
| 2024 | 2023 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.