Vivid Seats Inc. (SEAT)

Vivid Seats Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	643.78	775.59	712.88	600.27	443.04	35.08
Revenue Growth (YoY)	-16.83%	8.80%	18.76%	35.49%	1163.04%	-92.52%
Cost of Revenue	183.77	201.85	182.18	140.51	90.62	24.69
Gross Profit	460	573.73	530.7	459.77	352.42	10.39
Selling, General & Admin	441.44	479.83	422.62	375.99	273.53	104.32
Other Operating Expenses	3.83	7.44	5.96	-	-	-
Operating Expenses	495.54	531.51	445.76	383.73	275.85	152.57
Operating Income	-35.54	42.23	84.94	76.04	76.57	-142.18
Interest Expense	-23.88	-23.17	-13.51	-12.86	-58.18	-57.48
Currency Exchange Gain (Loss)	-4.1	-4.1	-	-	-	-
Other Non Operating Income (Expenses)	161.19	9.47	3.11	8.23	-0.09	-
EBT Excluding Unusual Items	97.68	24.42	74.54	71.41	18.3	-199.66
Merger & Restructuring Charges	-	-	-4.6	-	-1.3	-
Impairment of Goodwill	-	-	-	-	-	-377.1
Asset Writedown	-320.45	-	-	-	-	-196.74
Other Unusual Items	-3.1	-1.7	1	-2.22	-35.83	-0.69
Pretax Income	-225.87	22.72	70.94	69.19	-18.83	-774.19
Income Tax Expense	71.37	8.42	-42.2	-1.59	0.3	-
Earnings From Continuing Operations	-297.24	14.3	113.14	70.78	-19.13	-774.19
Minority Interest in Earnings	142.21	-4.88	-38.61	-42.12	3.01	-
Net Income	-155.03	9.43	74.54	28.66	-16.12	-774.19
Preferred Dividends & Other Adjustments	-	-	-	-	-12.84	-774.19
Net Income to Common	-155.03	9.43	74.54	28.66	-3.28	-
Net Income Growth	-	-87.36%	160.05%	-	-	-
Shares Outstanding (Basic)	7	7	5	4	4	-
Shares Outstanding (Diluted)	7	10	10	10	4	-
Shares Change (YoY)	-13.34%	5.16%	0.07%	156.45%	-	-
EPS (Basic)	-23.62	1.42	16.08	7.14	-0.85	-
EPS (Diluted)	-44.39	1.12	5.15	7.12	-0.88	-
EPS Growth	-	-78.20%	-27.69%	-	-	-
Free Cash Flow	-11.12	49.7	146.43	10.82	174.66	-34.23
Free Cash Flow Per Share	-1.69	4.75	14.72	1.09	45.07	-
Gross Margin	71.45%	73.97%	74.44%	76.59%	79.55%	29.61%
Operating Margin	-5.52%	5.44%	11.92%	12.67%	17.28%	-405.34%
Profit Margin	-24.08%	1.21%	10.46%	4.78%	-0.74%	-
Free Cash Flow Margin	-1.73%	6.41%	20.54%	1.80%	39.42%	-97.59%
EBITDA	14.73	86.46	102.12	83.77	78.89	-93.93
EBITDA Margin	2.29%	11.15%	14.32%	13.96%	17.81%	-267.79%
D&A For EBITDA	50.27	44.24	17.18	7.73	2.32	48.25
EBIT	-35.54	42.23	84.94	76.04	76.57	-142.18
EBIT Margin	-5.52%	5.44%	11.92%	12.67%	17.28%	-
Effective Tax Rate	-	37.05%	-	-	-	-
Advertising Expenses	-	-	-	-	180.7	-

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q