Every material Form 8-K Vivid Seats Inc. has filed with the SEC since May 05, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Vivid Seats reported third-quarter 2026 revenue of $126.9 million, down from $136.4 million a year earlier, while its net loss narrowed to $17.4 million from $19.7 million and adjusted EBITDA rose to $8.9 million from $4.9 million. The company also reached an agreement in principle with an ad hoc group of term lenders on a recapitalization that would provide $60 million of new money term loans, convert a significant portion of existing debt into equity, and cut funded debt by about $200 million, subject to definitive documentation.
Q3 2026 revenue was $126.9 million versus $136.4 million in Q3 2025; net loss was $17.4 million versus $19.7 million.
Adjusted EBITDA was $8.9 million versus $4.9 million; Marketplace GOV was $624.0 million versus $618.1 million.
Proposed transaction includes $60 million of new money term loans, conversion of a significant portion of debt into equity, a reduction of about $200 million in funded debt, and an extended maturity on remaining debt.
2026 outlook was continued: Marketplace GOV of $2.3 billion to $2.6 billion and adjusted EBITDA of $34.0 million to $40.0 million; the transaction remains subject to definitive documentation.
Vivid Seats appointed Chelsea Grayson as a Class II director on October 20, 2026, filling a seat created when the board expanded from eight to nine members. The board classifies her as independent, and she will receive a monthly cash fee of $40,000 instead of standard non-employee director compensation.
Chelsea Grayson elected Class II director effective October 20, 2026, serving until the 2029 annual meeting
Board size increased from eight to nine; six of nine directors are now independent
Grayson receives a monthly cash fee of $40,000 in place of standard director pay and is not expected to sit on any standing committee
Vivid Seats reported second-quarter 2026 revenue of $129.9 million, down from $143.6 million a year earlier, and a net loss of $14.3 million, compared with a $263.3 million net loss in the prior-year quarter that included $320.4 million of impairment charges. The company raised the low end of its 2026 Marketplace GOV and adjusted EBITDA ranges, which matters to shareholders because headline revenue and adjusted EBITDA both declined year over year.
Q2 2026 revenue was $129.9 million, versus $143.6 million in Q2 2025.
Q2 2026 net loss was $14.3 million, versus $263.3 million in Q2 2025, which included $320.4 million of impairment charges.
Q2 2026 adjusted EBITDA was $12.6 million, versus $14.4 million a year earlier.
2026 outlook: Marketplace GOV of $2.3 billion to $2.6 billion (previously $2.2 billion to $2.6 billion); adjusted EBITDA of $34.0 million to $40.0 million (previously $30.0 million to $40.0 million).
Vivid Seats reported first quarter 2026 results that were weaker than the prior year on its headline measures: revenue, marketplace gross order value and adjusted EBITDA all declined from the first quarter of 2025. The company also disclosed that it has ended refinancing talks with an ad hoc group of term loan lenders, while it continues negotiations with its other lenders under its credit facility.
Revenues were $125.8 million for the quarter ended March 31, 2026, versus $164.0 million a year earlier.
Net loss was $14.6 million, compared with a net loss of $9.8 million in the first quarter of 2025.
Marketplace GOV was $612.4 million, down from $820.4 million, and adjusted EBITDA was $9.5 million, down from $21.7 million.
As of May 5, 2026, the company is no longer continuing discussions with the ad hoc group of term loan lenders; negotiations with other lenders are ongoing.
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