Vivid Seats (SEAT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 12, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-1.05

Last Year’s EPS

-0.97

Same Quarter Last Year

Analyst Consensus

Hold

Based on 8 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 12, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a balanced mix of severe near-term financial headwinds and clear operational progress. Q4 results were notably weak (large declines in GOV, revenue and orders, and only $1M adjusted EBITDA), driven by industry softness, a difficult comp and the loss of a large private label customer. Offsetting these negatives, management achieved the enlarged $60M cost-savings target, completed corporate simplification, reported strong early momentum in the app (app GOV +20% YoY; app GOV share +500 bps), launched AI integrations, and reiterated FY2026 guidance with improved Q1 EBITDA expectations — signaling a path to recovering volumes and improved profitability in H2 2026. Overall, the call conveyed cautious optimism but acknowledged material recent declines that the company must offset through execution and cost improvements.

Company Guidance

Management reaffirmed 2026 guidance of marketplace GOV of $2.2–$2.6 billion and adjusted EBITDA of $30–$40 million, and provided Q1 2026 guidance of GOV $570–$620 million, adjusted EBITDA $8–$10 million and an expected cash balance of $125–$135 million at quarter end. They said near‑term marketplace take rates should stay in the ~16% range, highlighted that app GOV is up >20% year‑over‑year through the first two months of 2026 and app share of GOV has increased by >500 basis points since the Q3 app enhancements, and disclosed they achieved $60 million of annualized cost savings (up from an initial $25 million target) with full benefit starting in Q1. For context Q4 2025 actuals were $581 million GOV, $127 million revenue, a 16.8% take rate, $1 million adjusted EBITDA, $103 million cash, $390 million debt (net debt $287 million), total marketplace orders down 32% YoY and average order size $329; management expects FY‑2026 modest industry growth, CapEx/software of ~ $15 million, and that $35–$40 million of EBITDA (pre working capital) would be needed to be cash‑flow neutral, with the company projecting to be modestly cash generative in 2026.

Achieved Targeted Cost Reductions

Expanded cost reduction program and achieved $60 million of annualized savings (raised from an initial $25 million target), with reductions across marketing, G&A and stock-based compensation; partial benefit realized in Q4 and full benefit expected starting Q1 2026.

Product & AI Innovations (ChatGPT Integration)

Launched a dedicated Vivid Seats app within ChatGPT (building on a 2023 ChatGPT plug-in), positioning the company to capture AI-driven consumer intent and enhance event discovery as AI adoption grows.

Strong App Traction and Engagement

App GOV is up over 20% year-over-year through the first two months of 2026; app share of GOV has increased by more than 500 basis points since the enhanced app value proposition launched in Q3 2025; app repeat rates increased by double digits for cohorts following the changes.

Corporate Simplification and Governance Improvements

Completed corporate simplification in Q4 including termination of the tax receivable agreement and collapse of the dual-class share structure, reducing complexity, improving transparency and generating immediate and long-term financial benefits.

Reaffirmed 2026 Guidance and Positive Near-Term EBITDA Outlook

Reaffirmed FY2026 marketplace GOV guidance of $2.2 billion to $2.6 billion and adjusted EBITDA guidance of $30 million to $40 million; provided Q1 2026 guidance of $570 million to $620 million GOV and $8 million to $10 million adjusted EBITDA (meaningful improvement versus Q4).

Improving Operational Focus and Strategy

Management articulated a refined strategy emphasizing product innovation, efficiency and a differentiated customer value proposition (rewards + lowest price guarantee) designed to improve lifetime value and operating leverage, and expects return to volumetric growth outside private label in H2 2026.

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
May 12, 2026	2026 (Q1)	-1.05 / -	-0.97	―	―	―
Mar 12, 2026	2025 (Q4)	-1.66 / -37.14	-0.031	-119706.45% (-37.11)
Nov 06, 2025	2025 (Q3)	-1.06 / -1.84	0.8	-329.88% (-2.64)
Aug 05, 2025	2025 (Q2)	-0.69 / -25.54	-0.159	-15959.75% (-25.38)
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)

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
Mar 12, 2026	$6.10	$5.65	-7.38%
Nov 06, 2025	$11.91	$10.56	-11.34%
Aug 05, 2025	$26.30	$20.40	-22.43%
May 06, 2025	$55.80	$34.70	-37.81%

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.