Vivid Seats Inc.
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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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, 2025 · Filed Aug 5, 2025
SEAT$1.49-1.3%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $143,566 | $198,316 | $307,589 | $389,168 |
| Costs and expenses: | ||||
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 42,429 | 48,765 | 86,954 | 98,348 |
| Marketing and selling | 53,800 | 70,114 | 117,912 | 137,861 |
| General and administrative | 46,272 | 61,053 | 94,354 | 103,420 |
| Depreciation and amortization | 12,341 | 10,502 | 23,966 | 20,985 |
| Impairment charges | 320,449 | — | 320,449 | — |
| Total costs and expenses | 475,291 | 190,434 | 643,635 | 360,614 |
| Income (loss) from operations | (331,725) | 7,882 | (336,046) | 28,554 |
| Interest expense – net | 5,634 | 5,324 | 11,299 | 10,406 |
| Other expense (income) – net | (150,197) | 3,202 | (154,351) | 5,784 |
| Loss on extinguishment of debt | — | — | 801 | — |
| Income (loss) before income taxes | (187,162) | (644) | (193,795) | 12,364 |
| Income tax expense | 76,165 | 577 | 79,320 | 2,846 |
| Net income (loss) | (263,327) | (1,221) | (273,115) | 9,518 |
| Net income (loss) attributable to redeemable noncontrolling interests | (123,652) | (160) | (127,498) | 4,505 |
| Net income (loss) attributable to Class A common stockholders | $(139,675) | $(1,061) | $(145,617) | $5,013 |
| Net income (loss) per Class A common stock: | ||||
| Basic | $(1.07) | $(0.01) | $(1.11) | $0.04 |
| Diluted | $(1.27) | $(0.01) | $(1.31) | $0.04 |
| Weighted average Class A common stock outstanding: | ||||
| Basic | 130,537,970 | 131,802,620 | 131,712,573 | 132,935,446 |
| Diluted | 206,962,634 | 208,027,620 | 208,137,237 | 209,937,710 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(in thousands) (Unaudited)
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