Vivid Seats Inc.

Good morning and welcome to the Seats Second Quarter 2026 Earnings Conference Call. Following management's prepared remarks, we will open the call for Q&A. I would now like to turn the call over to Austin Arnett.

Good morning and welcome to the Seats Second Quarter 2026 Earnings Conference Call. I'm Austin Arnett, the Seats General Counsel. I'm joined today by Larry Say, Chief Executive Officer, and Joe Thomas, Chief Financial Officer. By now, everyone should have access to the earnings press release we issued earlier this morning. The release and supplemental earnings slides are available on our investor relations website. Today's call will include forward-looking statements within the meaning of federal securities laws. These statements are subject to risks that could cause actual results to differ materially, including those discussed in our earnings release most recent annual report on Form 10-K, and subsequent violence with the SEC. Today's call will also include references to adjusted EBITDA, a non-GAAP financial measure. To the extent reasonably available, a reconciliation of adjusted EBITDA to net income or loss, its most directly comparable GAAP financial measure, can be found in our earnings release and supplemental earnings slides. And now, I'll turn the call over to Larry.

Good morning, everyone, and thank you for joining us today. Two quarters into the year, we are encouraged by the progress we have made and believe our strategic actions are delivering measurable results. Our second quarter results exceeded expectations as we delivered sequential quarterly growth across GOV, revenue, and adjusted EBITDA. Q2 benefited from extraordinary demand surrounding the FIFA World Cup with consumer engagement and transaction activity well above typical seasonal levels. Last quarter, we said that we expected the World Cup to generate demand somewhere between an A-list concert tour and Taylor's List record-breaking heiress tour. The opportunity proved even more significant. The volume of activity was comparable to the entire heiress tour, but largely concentrated into the second quarter rather than spread across two years. We successfully capitalized on the World Cup opportunity through our unique customer value proposition, that is led by our lowest price guarantee and Vivid Seats Rewards program. Perhaps more importantly, we met customer expectations throughout the tournament with a continued focus on operational excellence centered around a great customer experience. Customer stress levels were understandably elevated given the high price points and once in a lifetime nature of World Cup matches. While the event organizers newly implemented ticketing system introduced operational complexity, We maintained a greater than 99.7% successful fulfillment rate for World Cup orders sold through our marketplace. This achievement reflects the outstanding execution of our award-winning customer service and operations teams. As always, every purchase on our platform is backed by our 100% buyer guarantee, ensuring tickets are valid, accurate and delivered before the event. Although we don't expect every quarter to benefit from this same level of marquee event activity, these exceptional moments are an exciting part of the live events ecosystem. Whether it's a record-setting global concert tour, a long awaited championship run, or a major cultural event, these demand catalysts will continue to create meaningful opportunities for our business. As we look ahead, we remain focused on building momentum across our core business, executing our long-term strategy, and preparing for other seminal events like the 2028 Olympics. At the beginning of the year, we outlined a strategy focused on delivering differentiated value propositions to buyers and sellers while returning the business to sustainable growth. We will achieve those objectives by building and expanding upon Vivid Seats core strengths, a leading customer value proposition, industry leading seller technology, differentiated marketplace data and insights, and Operational Excellence. As we stated previously, we are focused on optimizing our core transaction funnel and improving the customer journey. Throughout the quarter, we deployed foundational enhancements across our app and web experiences, designed to streamline event discovery, reduce friction and improve conversion. We are excited about our robust product roadmap which spans improved personalization, event discovery, seat selection, and transactional efficiency. With continued execution of this roadmap, we believe we remain on track to return to year over year growth in the second half of 2026. Shifting to the seller side of our business, we are proud that Skybox remains the leading ERP for professional sellers. Vivid Seats has a proud history supporting the needs of sellers and we are eagerly returning to our roots as we align with sellers and deploy new capabilities. To that end, we recently launched our Skybox broker-to-broker marketplace which is designed to enable sellers to optimize inventory across the Skybox network with minimal friction and expense. While we only just launched this product, we are encouraged by the positive reception to its seamless integration with our Skybox ERP. As we look ahead, our priorities remain unchanged. We are focused on enhancing the buyer experience through a unique value proposition, supporting our sellers, growing market share, improving profitability, and investing with discipline. The progress we've made thus far this year reinforces our confidence in our ability to execute our strategy and deliver long term value creation. With that, I'll turn it over to Joe to walk through our second quarter financial results in more detail.