Revenue: As of FY2025 Q2, the actual value is USD 143.57 M.<h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li>Revenues: $143.6 million, down 28% from $198.3 million in Q2 2024.</li></ul><h4>Operational Metrics</h4><ul><li>Marketplace GOV: $685.5 million, down 31% from $998.1 million in Q2 2024.</li><li>Net Loss: $263.3 million, down $262.1 million from net loss of $1.2 million in Q2 2024.</li><li>Adjusted EBITDA: $14.4 million, down $29.8 million from $44.2 million in Q2 2024.</li><li>Cost of Revenues: $42.4 million, down from $48.8 million in Q2 2024.</li><li>Marketing and Selling Expenses: $53.8 million, down from $70.1 million in Q2 2024.</li><li>General and Administrative Expenses: $46.3 million, down from $61.1 million in Q2 2024.</li><li>Depreciation and Amortization: $12.3 million, up from $10.5 million in Q2 2024.</li><li>Impairment Charges: $320.4 million, no impairment charges in Q2 2024.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: - $53.9 million, compared to net cash provided by operating activities of $25.4 million in the same period last year.</li><li>Net Cash Used in Investing Activities: - $11.7 million, compared to - $10.5 million in the same period last year.</li><li>Net Cash Provided by (Used in) Financing Activities: - $25.4 million, compared to $94.7 million in the same period last year.</li></ul><h4>Unique Metrics</h4><ul><li>Marketplace Orders: 2,173, down from 3,097 in Q2 2024.</li><li>Resale Orders: 97, down from 101 in Q2 2024.</li></ul><h4>Outlook / Guidance</h4><ul><li>Vivid Seats is not providing guidance for the year ending December 31, 2025 at this time.</li><li>The company anticipates positive cash flow in the third quarter due to typical seasonality improvements and the belief that June’s industry volume softness was atypical.</li><li>A $25 million cost reduction program is expected to be fully actioned by the end of 2025 to drive enhanced long-term efficiency.</li></ul>

Vivid Seats - CW25 | 8-K: FY2025 Q2 Revenue: USD 143.57 M