Vivid Seats Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
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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Item 1. Condensed Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $136,373 | $186,605 | $443,962 | $575,773 |
| Costs and expenses: | ||||
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 44,340 | 51,029 | 131,294 | 149,377 |
| Marketing and selling | 55,973 | 67,835 | 173,885 | 205,695 |
| General and administrative | 45,183 | 46,306 | 139,537 | 149,725 |
| Depreciation and amortization | 13,723 | 10,669 | 37,689 | 31,654 |
| Impairment charges | — | — | 320,449 | — |
| Total costs and expenses | 159,219 | 175,839 | 802,854 | 536,451 |
| Income (loss) from operations | (22,846) | 10,766 | (358,892) | 39,322 |
| Interest expense – net | 6,111 | 6,300 | 17,410 | 16,706 |
| Other income – net | (13) | (9,020) | (154,364) | (3,236) |
| Loss on extinguishment of debt | — | — | 801 | — |
| Income (loss) before income taxes | (28,944) | 13,486 | (222,739) | 25,852 |
| Income tax expense (benefit) | (9,231) | 4,290 | 70,089 | 7,136 |
| Net income (loss) | (19,713) | 9,196 | (292,828) | 18,716 |
| Net income (loss) attributable to redeemable noncontrolling interests | (11,187) | 3,900 | (138,685) | 8,405 |
| Net income (loss) attributable to Class A common stockholders | $(8,526) | $5,296 | $(154,143) | $10,311 |
| Net income (loss) per Class A common stock: | ||||
| Basic | $(1.31) | $0.81 | $(23.52) | $1.56 |
| Diluted | $(1.91) | $0.80 | $(28.25) | $1.55 |
| Weighted average Class A common stock outstanding: | ||||
| Basic | 6,490,954 | 6,576,079 | 6,553,724 | 6,623,019 |
| Diluted | 10,302,204 | 6,597,734 | 10,364,974 | 6,657,007 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
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