Vivid Seats(US:SEAT)2025-11-06 13:30Q3 2025 Financial Performance - Marketplace GOV reached $618 million[15] - Revenues totaled $136 million[15] - Adjusted EBITDA was $5 million[15], while the net loss was $19.7 million[17] - The company is increasing its annualized cost reduction program target to $60 million[18] Financial Trends - Marketplace revenues decreased by 31% year-over-year, from $152.653 million in Q3 2024 to $104.807 million in Q3 2025[35] - Concert revenues decreased by 36% year-over-year, from $67.701 million to $43.072 million[35] - Sports revenues decreased by 33% year-over-year, from $50.378 million to $33.900 million[35] - Theater revenues decreased by 22% year-over-year, from $28.705 million to $22.439 million[35] Future Outlook - The initial outlook for 2026 projects Marketplace GOV between $2.2 billion and $2.6 billion[25] - Adjusted EBITDA for 2026 is projected to be between $30 million and $40 million[25] Corporate Actions - A corporate simplification was executed on October 31, 2025, potentially leading to $180 million in lifetime tax savings and $1 million in annual reporting cost savings[12]