Vivid Seats(SEAT) - 2025 Q2 - Earnings Call Presentation

Financial Performance - Q2 2025 - Marketplace Gross Order Value (GOV) reached $685 million[6] - Revenues totaled $144 million[6] - Adjusted EBITDA was $14 million[6] - Net loss was $263327 thousand[7, 15] Trends and Changes - Marketplace revenues decreased by 33% year-over-year, from $170046 thousand in Q2 2024 to $114478 thousand in Q2 2025[26] - Concert revenues decreased by 37%, from $80803 thousand to $50586 thousand[26] - Sports revenues decreased by 30%, from $51457 thousand to $35818 thousand[26] - Theater revenues decreased by 23%, from $30932 thousand to $23744 thousand[26] Strategic Initiatives - Implemented a cost reduction program targeting $25 million in annualized savings by the end of 2025[8, 17] Capital Structure - 2066 million shares outstanding as of June 30, 2025[19]