Vivid Seats Inc.

Good morning and welcome to the Vivid Seats 3rd Quarter 2025 Earnings Conference Call. Following management prepared remarks, we will open the call for Q&A. I would now like to turn the call over to Kate Afrik.

Good morning and welcome to Vivid Seats 3rd Quarter 2025 Earnings Conference Call. I am Kate Afrik, Head of Investor Relations at Vivid Seats. This morning we issued our third quarter financial results. The press release, as well as supplemental earnings slides, are available on the investor relations page of our website at investors.vividseats.com. During the course of today's call, we may make forward-looking statements within the meaning 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, our subsequent quarterly reports on Form 10-Q, 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 investors. A reconciliation of this non-GAAP financial measure to its corresponding GAAP measure can be found in our earnings press release and supplemental earnings slides. This morning, we also announced a leadership transition that is effective today. Lawrence Fay, who has served as chief financial officer since 2020, will succeed Stan Chia as chief executive officer. Additionally, Ted Pickus, who has served as chief accounting officer since 2022, has been appointed as interim chief financial officer until a successor is identified. Accordingly, Larry and Ted are joining me today on the call. With Larry's extensive history with VividSeats dating back to 2017, the VividSeats board believes he is uniquely qualified to navigate the evolving industry environment and steer the company back to growth. Larry will share more detail on his vision for VividSeats' next chapter today. And now, I would like to turn the call over to Larry.

Good morning, everyone, and thank you for joining us today.