Vivid Seats Reports Q1 2026 Results, Updates Credit Talks

An update from Vivid Seats ( (SEAT) ) is now available.

Vivid Seats reported first-quarter 2026 results on May 5, 2026, posting marketplace gross order value of $612.4 million and revenue of $125.8 million, with a net loss of $14.6 million and adjusted EBITDA of $9.5 million, reflecting sequential gains in gross order value and profitability despite year-over-year declines. Management highlighted strong execution and cash generation as the company aims to return to growth in 2026, guiding for full-year marketplace gross order value of $2.2 billion to $2.6 billion and adjusted EBITDA of $30 million to $40 million, while separately disclosing that talks with an ad hoc group of term loan lenders over a potential first-lien refinancing have ended, even as negotiations with other lenders under its existing credit facility continue and previously confidential “cleansing” materials are released to the market.

The company also noted that certain subsidiaries, including Vegas.com, LLC, had been designated as unrestricted under its first lien credit facility to preserve capital structure flexibility and emphasized that the disclosed cleansing materials, which summarize recent but now-defunct proposal exchanges with the lender group, were prepared solely for negotiation purposes and should not be used as a basis for investment decisions.

The most recent analyst rating on (SEAT) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on Vivid Seats stock, see the SEAT Stock Forecast page.

Spark’s Take on SEAT Stock

According to Spark, TipRanks’ AI Analyst, SEAT is a Neutral.

SEAT’s score is held down primarily by deteriorating fundamentals—sharp TTM losses, negative equity, and negative operating/free cash flow. Partially offsetting this are improving near-term technicals and a cautiously positive earnings outlook driven by reaffirmed 2026 EBITDA guidance, significant cost savings, and early traction in the app, though Q4 volume declines remain a key risk.

To see Spark’s full report on SEAT stock, click here.

More about Vivid Seats

Vivid Seats Inc., based in Chicago and listed on Nasdaq under the ticker SEAT, operates as a leading online ticket marketplace connecting millions of buyers with thousands of sellers across hundreds of thousands of live events in North America. The company leverages proprietary technology, competitive pricing with a Lowest Price Guarantee, an industry-leading rewards program, and customer service to make discovering and purchasing tickets simple and reliable.

Average Trading Volume: 112,136

Technical Sentiment Signal: Sell

Current Market Cap: $69.22M

For an in-depth examination of SEAT stock, go to TipRanks’ Overview page.