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AI brief of an SEC Form 8-K · Vivid Seats Inc. (SEAT)

Vivid Seats Q1 revenue falls to $125.8 million; net loss widens to $14.6 million

Negative Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyVivid Seats Inc. (SEAT)
Form8-K, current report
Filed with the SECMay 5, 2026, 6:39 AM ET
Accession number0001140361-26-018995

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.