CompetitionThe intense competitive backdrop the company has been highlighting for several quarters remained a significant headwind in Q1, with a key competitor continuing to lean heavily into performance marketing channels.
Competitive PressureTough comparisons in sports and intense competitive pressure should result in below-trend results for 2025.
Financial PerformanceVivid Seats experienced a 20% decline in gross order volume and order volume, which negatively impacted their financial performance.