The earnings call highlighted successful international expansion and a strategic cost reduction program, but these positives are overshadowed by significant declines in revenue, adjusted EBITDA, and marketplace volume. The sports category's poor performance and competitive pressures in the market add further challenges, along with the decision to shut down Vivid Picks.

Company Guidance -

Q3 2025

During Vivid Seats' second quarter 2025 earnings call, the company reported several key metrics and strategic initiatives. They generated $685 million in Marketplace Gross Order Value (GOV), $144 million in revenues, and $14 million in adjusted EBITDA. Despite facing a challenging industry environment, with a 31% year-over-year decline in Marketplace GOV and a 28% drop in revenues, Vivid Seats announced a cost reduction program targeting $25 million in annualized operating expense savings by year-end. The company has already realized over $5 million in annualized savings and aims to achieve further efficiencies through technology and AI-enabled improvements, as well as targeted reductions in General and Administrative (G&A) expenses and marketing. Vivid Seats also shut down Vivid Picks to enhance operational efficiency. International expansion is progressing well, with operations in four European countries exceeding margin expectations. The call highlighted a competitive landscape, particularly in the marketing domain, and a strategic focus on improving operational leverage to drive long-term growth.

International Expansion Success

Vivid Seats is now live in 4 European countries, demonstrating strong growth and exceeding margin expectations. The international business has been net contribution positive in 2025.

Cost Reduction Program

A strategic cost reduction program is targeting $25 million in annualized operating expense savings by year-end 2025. Over $5 million in annualized savings has been realized to date.

Positive July Performance

July saw a return to positive year-over-year growth, indicating potential recovery despite previous volatility.

Vivid Seats (SEAT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SEAT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	-1.32 / -	0.8	―	―	―
Aug 05, 2025	2025 (Q2)	-0.69 / -25.52	-0.159	-15953.46% (-25.37)
May 06, 2025	2025 (Q1)	-0.29 / -0.97	0.909	-206.71% (-1.88)
Mar 12, 2025	2024 (Q4)	0.52 / -0.03	2.272	-101.36% (-2.30)
Nov 07, 2024	2024 (Q3)	0.63 / 0.80	1.516	-47.23% (-0.72)
Aug 06, 2024	2024 (Q2)	1.34 / -0.16	4	-103.97% (-4.16)
May 07, 2024	2024 (Q1)	1.01 / 0.91	3.092	-70.60% (-2.18)
Mar 05, 2024	2023 (Q4)	1.05 / 2.27	2.8	-18.86% (-0.53)
Nov 07, 2023	2023 (Q3)	1.03 / 1.52	1.879	-19.32% (-0.36)
Aug 08, 2023	2023 (Q2)	1.31 / 4.00	2.502	59.87% (+1.50)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SEAT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$26.30	$20.40	-22.43%
May 06, 2025	$55.80	$34.70	-37.81%
Mar 12, 2025	$75.40	$58.00	-23.08%
Nov 07, 2024	$82.20	$74.80	-9.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.