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Vividseats Vivid Seats Announces Record Third Quarter 2021 Results Third Quarter 2021 Revenues of $ 140 million and Marketplace GOV of $ 713 million - CHICAGO , IL November 15 , 2021 - Vivid Seats Inc. ( NASDAQ : SEAT ) ( " Vivid Seats " , " we " or the " Company " ) , a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year , today provided financial results for the quarter ended September 30 , 2021 . " The record - setting results we saw in the third quarter are a great way to mark our first reported results as a public company . Live events have come back stronger than expected as fans returned to support their favorite sports teams and artists . We are committed to delivering fans an exceptional experience so they can get out and do what they love , " said Stan Chia , Vivid Seats CEO . " We are continuing on our mission to help everyone " Experience it Live . " In our third quarter , we launched our new brand coupled with new features and enhancements to our industry leading loyalty program , Vivid Seats Rewards . Every fan now earns 10 % in value on every ticket purchased along with the opportunity to earn additional lucrative and unique perks . We are excited to launch our new brand and loyalty program as we enter a period where we expect a full slate of live events with significant pent - up demand ready to be unleashed , " Chia concluded . Third Quarter 2021 Financial Summary • • • • • Revenues of $ 139.5 million increased from negative $ 7.1 million in the third quarter of 2020 Net loss of $ 1.8 million as compared to net loss of $ 40.2 million in the third quarter of 2020 Marketplace Gross Order Value ( " Marketplace GOV " ) of $ 713.1 million increased from negative $ 30.8 million in the third quarter 2020 Adjusted EBITDA of $ 42.0 million increased from negative $ 19.5 million in the third quarter of 2020 Highest single quarter results for Marketplace GOV , Revenues and Adjusted EBITDA in company history Lawrence Fey , CFO of Vivid Seats , commented , " In our third quarter we carried forward our positive momentum with robust financial results and quarter - over - quarter growth for Marketplace GOV , Revenues and Adjusted EBITDA . We continued to generate cash from operations which , coupled with the proceeds from the business combination , leave us with cash in excess of debt and significant financial flexibility . " Key Performance Indicators ( 000s ) Three Months Ended September 30 , Nine Months Ended September 30 , 2020 2021 2020 2021 Marketplace GOV ( 1 ) $ ( 30,778 ) $ Total Marketplace orders ( 2 ) ( 72 ) Total Resale orders ( 3 ) ( 3 ) Adjusted EBITDA ( 4 ) ( 19,549 ) $ 713,062 $ 2,354 73 41,965 $ 309,308 $ 988 42 1,522,625 4,360 121 ( 66,685 ) $ 82,347 ( 1 ) Marketplace GOV represents the total transactional amount of Marketplace segment orders placed on our platform in a period , inclusive of fees , exclusive of taxes , and net of event cancellations that occurred during that period . Marketplace GOV was negatively impacted by event cancellations in the amount of $ 52.7 million during the three months ended September 30 , 2020 and $ 37.8 million during the three months ended September 30 , 2021. Marketplace GOV was negatively impacted by event cancellations in the amount of $ 197.1 million during the nine months ended September 30 , 2020 and $ 74.8 million during the nine months ended September 30 , 2021 . ( 2 ) Total Marketplace orders represents the volume of Marketplace segment orders placed on our platform during a period , net of event cancellations that occurred during that period . During the three months ended September 30 , 2020 , our