How did Vivid Seats' revenue and expenses trend in Q4 2024?

Vivid Seats' revenue for Q4 2024 was $199.81 million, with a gross margin of 73.97%. The company's R&D expenses were not provided, but the Selling, General, and Administrative (SG&A) expenses were $144.43 million. This indicates a strong revenue performance with healthy profit margins, but significant investments in SG&A suggest a focus on growth or operational efficiency initiatives.