Vivid Seats Inc. (SEAT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Vivid Seats second quarter 2025 earnings conference call. Finally, management's prepared remarks. We will open the call for Q&A. I would now like to turn the call over to Kate Affrich. Good morning and welcome to Vivid Seats second quarter 2025 earnings conference call. I'm Kate Affrich, Head of Investor Relations 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 second 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 .vividseats.com. During the course of today's call, we may make forward-looking statements within the meeting 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, which is a non-GAAP financial measure that provides useful information for our investors. A reconciliation of this non-GAAP financial measure to its corresponding GAAP financial measure can be found in our earnings press release and supplemental earnings slide. 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 walk through our second quarter results, provide context on the broader industry environment, and detail a strategic cost reduction program that we are executing against. This initiative is designed t...