Revenue: As of FY2025 Q2, the actual value is USD 143.57 M.EPS: As of FY2025 Q2, the actual value is USD -1.27.EBIT: As of FY2025 Q2, the actual value is USD -187.16 M.<h3>Marketplace Segment</h3><ul><li>Revenues: $114.5 million for the three months ended June 30, 2025, a decrease of 33% from $170.0 million in the same period in 2024. For the six months ended June 30, 2025, revenues were $248.2 million, down 25% from $330.1 million in 2024.</li><li>Cost of Revenues: $18.2 million for the three months ended June 30, 2025, a decrease of 28% from $25.2 million in 2024. For the six months ended June 30, 2025, cost of revenues was $39.2 million, down 24% from $51.3 million in 2024.</li><li>Contribution Margin: $42.5 million for the three months ended June 30, 2025, a decrease of 43% from $74.8 million in 2024. For the six months ended June 30, 2025, contribution margin was $91.1 million, down 35% from $140.9 million in 2024.</li></ul><h3>Resale Segment</h3><ul><li>Revenues: $29.1 million for the three months ended June 30, 2025, an increase of 3% from $28.3 million in 2024. For the six months ended June 30, 2025, revenues were $59.4 million, up 0.4% from $59.1 million in 2024.</li><li>Cost of Revenues: $24.3 million for the three months ended June 30, 2025, an increase of 3% from $23.6 million in 2024. For the six months ended June 30, 2025, cost of revenues was $47.8 million, up 2% from $47.0 million in 2024.</li><li>Contribution Margin: $4.8 million for the three months ended June 30, 2025, an increase of 3% from $4.7 million in 2024. For the six months ended June 30, 2025, contribution margin was $11.6 million, down 4% from $12.1 million in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash used in operating activities was -$53.9 million for the six months ended June 30, 2025, compared to net cash provided by operating activities of $25.4 million in 2024.</li><li>Free Cash Flow: Not explicitly stated, but the negative operating cash flow indicates challenges in cash generation from operations.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is implementing a cost reduction program to align with the current market environment and enhance long-term efficiency. This includes a focus on reducing marketing expenses and optimizing operational costs.</li><li>Non-Core Business: The company ceased operations of Vivid Picks, a real-money daily fantasy sports mobile application, in July 2025 as part of its strategic realignment.</li></ul>

Vivid Seats - CW25 | 10-Q: FY2025 Q2 Revenue: USD 143.57 M