Vivid Seats (NASDAQ:SEAT) Releases Earnings Results, Misses Expectations By $0.46 EPS

Vivid Seats (NASDAQ:SEAT) issued its earnings results on Monday. The company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($1.08) by ($0.46), Zacks reports. The firm had revenue of $126.89 million during the quarter, compared to the consensus estimate of $126.11 million. Vivid Seats had a negative net margin of 63.12% and a negative return on equity of 211.26%.

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

• Vivid Seats reached an agreement in principle with a substantial majority of term-loan lenders on a recapitalization that would reduce total debt by more than $200 million, add $60 million of capital and extend maturities. The transaction remains subject to customary conditions, and executives said further details are forthcoming.
• Third-quarter marketplace GOV rose to $624 million from $618 million a year earlier, while adjusted EBITDA increased 81% to $9 million. The company reaffirmed its 2026 outlook of $2.3 billion–$2.6 billion in GOV and $34 million–$40 million in adjusted EBITDA.
• Management described recent on-sale activity as muted and said fourth-quarter outcomes depend heavily on the upcoming event calendar; it also cited softness in Las Vegas and Japan. For 2027, its baseline is mid-single-digit industry growth excluding the World Cup, but roughly flat to slightly down including it; a full MLB season cancellation could create a 5%–6% GOV headwind.
• The company said app share of GOV continues to increase year over year and that repeat and retention metrics are growing when excluding unusual World Cup-related summer behavior. It is continuing a transaction-funnel rebuild, with further loyalty initiatives expected in Q1, while keeping near-term spending focused on operating priorities rather than M&A.

Vivid Seats Stock Performance

Vivid Seats stock traded up $0.06 during midday trading on Wednesday, reaching $1.55. The stock had a trading volume of 37,737 shares, compared to its average volume of 102,687. The stock has a market capitalization of $17.42 million, a P/E ratio of -0.03 and a beta of 1.08. The firm’s fifty day simple moving average is $3.51 and its 200-day simple moving average is $6.25. Vivid Seats has a 1-year low of $1.47 and a 1-year high of $10.27.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SEAT shares. Royal Bank Of Canada dropped their price target on Vivid Seats from $9.00 to $4.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Craig Hallum cut shares of Vivid Seats from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a report on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of Vivid Seats in a research report on Friday, September 4th. Morgan Stanley set a $5.00 price objective on shares of Vivid Seats in a research report on Thursday, October 29th. Finally, Benchmark boosted their price objective on shares of Vivid Seats from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $7.79.

Vivid Seats Company Profile

Vivid Seats Inc. (NASDAQ: SEAT) operates an online marketplace that connects fans with ticket sellers for live entertainment and sporting events. Through its website and mobile applications, the company offers tickets to concerts, professional and college sports, theater productions, comedy shows and other events. The platform is designed to support the full ticket-buying process, including event discovery, ticket selection and digital delivery. Vivid Seats also provides tools and services for ticket sellers and event organizers, while its Vivid Seats Rewards program is intended to encourage repeat purchases through customer benefits.