Vivid Seats Inc. (SEAT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Vivid Seats first quarter 2025 earnings conference call. Following the management's prepared remarks, we will open the call for Q&A. I would now like to turn the call over to Emily Epstein. Good morning and welcome to Vivid Seats first quarter 2025 earnings conference call. I'm Emily Epstein, General Counsel at Vivid Seats. Joining me today to discuss Vivid Seats results are Stan Chia, Chief Executive Officer, and Larry Fay, Chief Financial Officer. By now, everyone should have access to our first quarter earnings press release, which was issued earlier this morning. The press release, as well as supplemental earnings slides, are available on the Investor Relations page of our website at investors.vividseats.com. During the course of today's call, we may make forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including the risks and uncertainties described in our earnings press release, our most recent annual report on Form 10-K, and our other filings with the SEC. On today's call, we will refer to adjusted EBITDA, adjusted EBITDA margin, and cash generation, which are non-GAAP financial measures that provide useful information for investors. To the extent reasonably available, a reconciliation of these non-GAAP financial measures to their corresponding GAAP financial measures can be found in our earnings press release and supplemental earnings slides. And now I would like to turn the call over to Stan. Good morning, everyone, and thank you for joining us today. Today, I'll share a recap of our first quarter results, updates on key priorities, and then discuss how we are strategically inve...