Vivid Seats Inc. (NASDAQ:SEAT) posted a loss for the fourth quarter on Thursday.
The company posted a quarterly net loss of $428.7 million, versus a year-ago net loss of $424.2 million. Its revenues fell 37% year-over-year to $126.8 million from $199.8 million.
“The trends we are seeing in the first quarter confirm that our strategy and execution are delivering measurable results,” said Lawrence Fey, Chief Executive Officer of Vivid Seats. “We are enhancing our foundational strengths that include our leading technology, unique data assets, relentless focus on efficiency, and differentiated customer value proposition. We are particularly encouraged by the positive impact and momentum we are seeing from the impact of our enhanced App …
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