Vivid Seats (NASDAQ:SEAT) Posts Quarterly Earnings Results

Vivid Seats (NASDAQ:SEAT) posted its quarterly earnings results on Tuesday. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.32), Zacks reports. The company had revenue of $125.78 million for the quarter, compared to analyst estimates of $124.55 million. Vivid Seats had a positive return on equity of 39.34% and a negative net margin of 82.25%.

Here are the key takeaways from Vivid Seats’ conference call:

• Q1 results beat or hit the high end of guidance with marketplace GOV of $612 million (up 5.5% Q/Q), consolidated revenue of ~$126 million, adjusted EBITDA of $9.5 million (vs. $1M in Q4), cash up >$40M to $144 million, and management reaffirmed FY26 guidance of $2.2–2.6B GOV and $30–40M adjusted EBITDA.
• The Vivid Seats app is gaining traction—app GOV was up 20% YoY and exceeded 40% of Vivid Seats property GOV in Q1—driven by checkout upgrades, rewards and a lowest-price guarantee, with a target of a majority-app run rate by 2027 to improve acquisition efficiency and retention.
• Private label showed sequential strength: revenue grew 20% Q/Q after adding a large new partner (performance above expectations) and extending an existing agreement, which management says supports a return to year‑over‑year growth in H2 2026.
• Management cites a material reduction in operating costs as a key driver of the adjusted EBITDA improvement and says cost cuts are real with maintained productivity, supporting operating leverage and the path to cash‑flow positive performance if guidance is met.
• Competitive dynamics are mixed—paid‑search spend from one rival has moderated but pricing competition, especially in sports, persists; management views AI/LLMs as currently more of an operational efficiency opportunity than an imminent disintermediation risk, but they remain vigilant.

Vivid Seats Stock Performance

Shares of SEAT traded up $1.20 on Thursday, reaching $8.83. 198,838 shares of the stock traded hands, compared to its average volume of 119,953. The stock’s 50-day moving average price is $6.43 and its 200-day moving average price is $7.51. Vivid Seats has a 12 month low of $5.06 and a 12 month high of $45.10. The firm has a market cap of $95.01 million, a price-to-earnings ratio of -0.13 and a beta of 0.98. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.59 and a quick ratio of 0.53.

Institutional Trading of Vivid Seats

A number of large investors have recently bought and sold shares of SEAT. Jump Financial LLC bought a new stake in Vivid Seats in the second quarter valued at $32,000. Raymond James Financial Inc. bought a new stake in Vivid Seats in the second quarter valued at $35,000. Rangeley Capital LLC bought a new stake in Vivid Seats in the second quarter valued at $42,000. Quantbot Technologies LP bought a new stake in Vivid Seats in the second quarter valued at $43,000. Finally, Deutsche Bank AG grew its position in Vivid Seats by 270.0% in the fourth quarter. Deutsche Bank AG now owns 10,774 shares of the company’s stock valued at $78,000 after acquiring an additional 7,862 shares during the period. 39.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on SEAT. Deutsche Bank Aktiengesellschaft set a $7.00 price target on shares of Vivid Seats in a report on Tuesday, January 20th. Benchmark reduced their price objective on Vivid Seats from $18.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Morgan Stanley set a $7.75 target price on shares of Vivid Seats in a research note on Wednesday. Bank of America restated an “underperform” rating and set a $5.65 price objective on shares of Vivid Seats in a report on Thursday, March 12th. Finally, Zacks Research upgraded Vivid Seats from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Vivid Seats currently has an average rating of “Hold” and a consensus target price of $9.27.

About Vivid Seats

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.