Vivid Seats delivered a solid recovery in its third quarter, highlighted by a leadership transition and a renewed focus on enhancing its app value proposition, positioning the company for sustained long-term growth.

• App users showed double-digit sequential growth, contributing to a return to year-over-year gross order value (GOV) growth.
• Leadership transition announced, with Lawrence Fey stepping in as CEO to drive the company’s strategic vision.
• Significant cost reduction program doubled targets from $25 million to $60 million, with strong progress already made.
• Corporate simplification executed to improve operational efficiency, yielding up to $180 million in potential tax savings.
• Renewed ESPN partnership aims to expand brand awareness and reach through a national marketing campaign.