Vivid Seats Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
SEAT$1.49-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Equity (Deficit)
| Distributions to redeemable noncontrolling interests | (3,816) | — | — | — | — | — | — | — | — | — | — |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subsequent remeasurement of redeemable noncontrolling interests, net of tax impacts | 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 redeemable noncontrolling interests | (7,200) | — | — | — | — | — | — | — | — | — | — |
| Subsequent remeasurement of redeemable noncontrolling interests, net of tax impacts | 32,656 | — | — | — | — | (32,656) | — | — | — | — | (32,656) |
| Establishment of liabilities under Tax Receivable Agreement, net of tax and other tax impact of 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) |
| Net income | 9,341 | — | — | — | — | — | — | — | 6,677 | — | 6,677 |
| Issuance of shares | — | 191,587 | — | — | — | — | — | — | — | — | — |
| Deemed contribution from former parent | 498 | — | — | — | — | 481 | — | — | — | — | 481 |
| Equity-based compensation | — | — | — | — | — | 6,722 | — | — | — | — | 6,722 |
| Other comprehensive loss | (208) | — | — | — | — | — | — | — | — | (166) | (166) |
| Subsequent remeasurement of redeemable noncontrolling interests, net of tax impacts | (159,330) | — | — | — | — | 159,330 | — | — | — | — | 159,330 |
| Balances at September 30, 2023 | $640,717 | 101,803,392 | $11 | 99,800,000 | $10 | $884,523 | (5,291,497) | $(40,106) | $(964,561) | $(166) | $(120,289) |
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 | Accumulated other comprehensive income (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 as treasury stock | — | — | — | — | — | — | (715,000) | (4,120) | — | — | (4,120) |
| Distributions to redeemable noncontrolling interests | (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 as treasury stock | — | — | — | — | — | — | (2,743,656) | (15,949) | — | — | (15,949) |
| Distributions to redeemable noncontrolling interests | (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 |
| Net income | 3,900 | — | — | — | — | — | — | — | 5,296 | — | 5,296 |
| Issuance of shares | — | 331,255 | — | — | — | — | — | — | — | — | — |
| Net settlement of equity incentive awards | — | (19,347) | — | — | — | (79) | — | — | — | — | (79) |
| Equity-based compensation | — | — | — | — | — | 10,880 | — | — | — | — | 10,880 |
| Repurchases of common stock as treasury stock | — | — | — | — | — | — | (683,596) | (2,929) | — | — | (2,929) |
| Distributions to redeemable noncontrolling interests | (2,839) | — | — | — | — | — | — | — | — | — | — |
| Other comprehensive income | 1,155 | — | — | — | — | — | — | — | — | 1,986 | 1,986 |
| Subsequent remeasurement of redeemable noncontrolling interests, net of tax impacts | (158,477) | — | — | — | — | 158,477 | — | — | — | — | 158,477 |
| Balances at September 30, 2024 | $282,033 | 142,866,611 | $14 | 76,225,000 | $8 | $1,333,518 | (11,433,749) | $(75,584) | $(929,284) | $770 | $329,442 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 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.