Vivid Seats Inc. (SEAT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to Vivid Seed's first quarter 2026 earnings conference call. Following management's prepared remarks, we will open the call for Q&A. I would now like to turn the call over to Austin Arnett. Good morning, and welcome to Vivid Seed's first quarter 2026 earnings call. I'm Austin Arnett, Vivid Seed's general counsel. I'm joined today by Larry Fay, chief executive officer, and Joe Thomas, chief financial officer. By now, everyone should have access to our earnings press release, which was issued earlier this morning. The release, as well as supplemental earnings slides, are available on our investor relations website at investors.vividseats.com. Today's call will include forward-looking statements within the meaning of federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our projections. including the risks discussed in our earnings release, our most recent annual report on Form 10-K, and our subsequent filings with the SEC. Today's call will also include references to adjusted EBITDA, a non-GAAP financial measure that provides useful information to our investors. To the extent reasonably available, a reconciliation of adjusted EBITDA to its most directly comparable GAAP financial measure can be found in our earnings release and supplemental earnings slides. And now I'll turn the call over to Larry. Good morning, everyone, and thank you for joining us today. We entered fiscal year 2026 with a clear focus and roadmap to enhance our market position and financial trajectory. With that focus, we delivered measurable progress in the first quarter, resulting in meaningful improvements across our business. Our first quarter results came in at the high end or above guid...