Vivid Seats Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
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, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $126,889 | $136,373 | $382,533 | $443,962 |
| Costs and expenses: | ||||
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 41,442 | 44,340 | 119,279 | 131,294 |
| Marketing and selling | 50,008 | 55,973 | 152,712 | 173,885 |
| General and administrative | 34,426 | 45,183 | 100,132 | 139,537 |
| Depreciation and amortization | 12,309 | 13,723 | 36,935 | 37,689 |
| Impairment charges | — | — | — | 320,449 |
| Total costs and expenses | 138,185 | 159,219 | 409,058 | 802,854 |
| Loss from operations | (11,296) | (22,846) | (26,525) | (358,892) |
| Interest expense – net | 7,128 | 6,111 | 19,114 | 17,410 |
| Other expense (income) – net | (890) | (13) | 1,125 | (154,364) |
| Loss on extinguishment of debt | — | — | — | 801 |
| Loss before income taxes | (17,534) | (28,944) | (46,764) | (222,739) |
| Income tax expense (benefit) | (150) | (9,231) | (428) | 70,089 |
| Net loss | (17,384) | (19,713) | (46,336) | (292,828) |
| Net loss attributable to redeemable noncontrolling interests | — | (11,187) | — | (138,685) |
| Net loss attributable to Class A common stockholders | $(17,384) | $(8,526) | $(46,336) | $(154,143) |
| Net loss per Class A common stock: | ||||
| Basic | $(1.54) | $(1.31) | $(4.19) | $(23.52) |
| Diluted | $(1.54) | $(1.91) | $(4.19) | $(28.25) |
| Weighted average Class A common stock outstanding: | ||||
| Basic | 11,291,673 | 6,490,954 | 11,053,949 | 6,553,724 |
| Diluted | 11,291,673 | 10,302,204 | 11,053,949 | 10,364,974 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(in thousands) (Unaudited)
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