Vivid Seats Reports Third Quarter 2026 Results

(NASDAQ: SEAT) Vivid Seats Inc. reported financial results for the third quarter ended September 30, 2026. Marketplace Gross Order Value (GOV) for the quarter was $624.0 million. Revenues for the quarter were $126.9 million. The company reported a net loss of $17.4 million for the third quarter. Adjusted EBITDA for the quarter was $8.9 million. Vivid Seats reached an agreement in principle with a substantial majority of its term loan lenders for a recapitalization transaction. The proposed recapitalization transaction includes $60 million of new money term loans, conversion of a significant portion of existing debt into equity, a reduction of overall funded debt by approximately $200 million, and an extension of the maturity on the remaining debt. The transaction is intended to strengthen the balance sheet, enhance liquidity, and provide greater financial flexibility. The proposed transaction is subject to negotiation and execution of definitive documentation. For the three months ended September 30, 2026, Marketplace GOV was $623,988, Marketplace orders were 1,876, Resale orders were 97, and Adjusted EBITDA was $8,865. For the nine months ended September 30, 2026, Marketplace GOV was $1,895,713, Marketplace orders were 5,417, Resale orders were 263, and Adjusted EBITDA was $30,943. Event cancellations negatively impacted Marketplace GOV by $10.2 million in Q3 2026 and $35.6 million for the nine months ended September 30, 2026. In Q3 2025, event cancellations negatively impacted Marketplace GOV by $11.4 million and $47.2 million for the nine months ended September 30, 2025. The Marketplace segment experienced 34,221 event cancellations in Q3 2026 and 94,422 for the nine months ended September 30, 2026, compared to 39,414 and 129,612 in the same periods of 2025. The Resale segment experienced 1,071 event cancellations in Q3 2026 and 2,143 for the nine months ended September 30, 2026, compared to 1,598 and 3,759 in the same periods of 2025. For the year ending December 31, 2026, Vivid Seats anticipates Marketplace GOV in the range of $2.3 billion to $2.6 billion and Adjusted EBITDA in the range of $34.0 million to $40.0 million. As of September 30, 2026, cash and cash equivalents were $44,764, restricted cash was $904, accounts receivable (net) was $36,866, inventory (net) was $17,532, and prepaid expenses and other current assets were $29,895. Total current assets were $129,961 and total assets were $570,672. Current liabilities as of September 30, 2026, included accounts payable of $138,656, accrued expenses and other current liabilities of $117,876, deferred revenue of $14,988, and current maturities of long-term debt of $3,930, totaling $275,450. Long-term debt (net) was $381,046. Total liabilities were $689,106. Shareholders' deficit was $118,434. For the three months ended September 30, 2026, revenues were $126,889, cost of revenues was $41,442, marketing and selling expenses were $50,008, general and administrative expenses were $34,426, and depreciation and amortization was $12,309. Loss from operations was $11,296. Interest expense (net) was $7,128. Net loss attributable to Class A common stockholders was $17,384 for the quarter and $46,336 for the nine months ended September 30, 2026. Net cash used in operating activities for the nine months ended September 30, 2026, was $32,045. Latham & Watkins LLP is serving as legal advisor, Moelis & Company as investment banker, and FTI Consulting as financial and communications advisor to Vivid Seats in connection with the proposed transaction.

Vivid Seats Reports Second Quarter 2026 Results

(NASDAQ:SEAT) Vivid Seats Inc. reported financial results for the second quarter ended June 30, 2026, with Marketplace GOV of $659.4 million, revenues of $129.9 million, and a net loss of $14.3 million. Adjusted EBITDA for the quarter was $12.6 million. For the six months ended June 30, 2026, Marketplace GOV was $1,271,725,000, and adjusted EBITDA was $22,078,000. The company experienced 30,767 event cancellations in its Marketplace segment and 605 in its Resale segment during the quarter. As of June 30, 2026, total assets were $688,805,000 and total liabilities were $793,884,000, resulting in a shareholders' deficit of $105,079,000. The company projects Marketplace GOV for the year ending December 31, 2026, in the range of $2.3 billion to $2.6 billion and adjusted EBITDA in the range of $34.0 million to $40.0 million.

Vivid Seats Reports First Quarter 2026 Results

Vivid Seats Inc. (NASDAQ: SEAT) reported its financial results for the first quarter ended March 31, 2026, with Marketplace GOV of $612.4 million, revenues of $125.8 million, and a net loss of $14.6 million. Adjusted EBITDA for the quarter was $9.5 million, and the company highlighted sequential growth in GOV and Adjusted EBITDA along with substantial cash generation. For the full year 2026, Vivid Seats anticipates Marketplace GOV in the range of $2.2 billion to $2.6 billion and Adjusted EBITDA between $30.0 million and $40.0 million. The company experienced event cancellations that negatively impacted Marketplace GOV by $9.0 million during the quarter. These results and outlook are important for investors as they reflect the company's performance and expectations for growth in 2026.