← Vivid Seats Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenues | $468.9m | $35.1m | $443.0m | $600.3m | $712.9m | $775.6m | $570.8m | |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | $106.0m | $24.7m | $90.6m | $140.5m | $182.2m | $201.9m | $173.4m | |
| Marketing and selling | $178.4m | $38.1m | $181.4m | $248.4m | $274.1m | $285.1m | $230.6m | |
| General and administrative | $101.3m | $66.2m | $92.2m | $127.6m | $159.1m | $202.1m | $173.9m | |
| Depreciation and amortization | $93.1m | $48.2m | $2.3m | $7.7m | $17.2m | $44.2m | $49.4m | |
| Impairment charges | $0 | $573.8m | $0 | $0 | $0 | $0 | $723.0m | |
| Change in fair value of contingent consideration | — | $0 | $0 | ($2.1m) | ($998k) | $0 | $0 | |
| Income (loss) from operations | ($9.9m) | ($716.0m) | $76.6m | $78.1m | $81.3m | $42.2m | ($779.5m) | |
| Other income - net | — | — | — | ($8.2m) | ($3.1m) | ($3.7m) | ($152.0m) | |
| Loss on extinguishment of debt | $2.4m | $685k | $35.8m | $4.3m | $0 | $0 | $801k | |
| Income (loss) before income taxes | ($53.8m) | ($774.2m) | ($18.8m) | $69.2m | $70.9m | $22.7m | ($652.1m) | |
| Net income (loss) | ($53.8m) | ($774.2m) | ($19.1m) | $28.7m | $113.1m | $14.3m | ($721.5m) | |
| Net income (loss) attributable to Class A common stockholders | $0 | $0 | ($3.3m) | $70.8m | $69.4m | $13.4m | $806.1m | |
| Net income (loss) attributable to redeemable noncontrolling interests | $0 | $0 | ($3.0m) | $42.1m | $74.5m | $9.4m | ($429.3m) | |
| Basic | — | — | ($0.04) | $0.88 | $0.75 | $0.10 | $111.14 | |
| Diluted | — | — | ($0.04) | $0.36 | $0.35 | $0.06 | $77.31 | |
| Interest expense – net | $41.5m | $57.5m | $58.2m | $12.9m | $13.5m | $23.2m | $23.7m | |
| Income tax expense (benefit) | $0 | $0 | $304k | ($1.6m) | ($42.2m) | $8.4m | $69.4m | |
| Total costs and expenses | — | — | — | $522.2m | $631.5m | $733.4m | $1.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.