The earnings call highlights Vivid Seats' strategic initiatives, such as cost reduction programs and international expansion, which are positive steps towards future growth. However, these positives are overshadowed by significant declines in key financial metrics, ongoing competitive pressures, and market challenges, especially in the sports category and due to regulatory changes. The sentiment reflects a cautious approach towards overcoming current industry challenges.

Company Guidance

In the Vivid Seats Second Quarter 2025 Earnings Conference Call, the management provided guidance emphasizing a $25 million cost reduction program aimed at improving operating leverage and positioning the company for long-term growth despite industry challenges. The company reported $685 million in Marketplace Gross Order Value (GOV), $144 million in revenues, and $14 million in Adjusted EBITDA. However, these figures represent a year-over-year decline of 31% in Marketplace GOV and 28% in revenues. The sports category saw a decline due to underwhelming playoff matchups, while the concert category showed mixed results. The company plans to realize savings through technology efficiencies and reductions in general and administrative (G&A) expenses and marketing, with over $5 million in annualized savings already achieved. Vivid Seats also highlighted its international expansion, noting strong growth in four European countries that exceeded margin expectations. Cash flow is expected to be positive in the third quarter, driven by seasonal improvements and anticipated recovery in the industry.

Cost Reduction Program

Vivid Seats announced a cost reduction program targeting $25 million in annualized operating expense savings by year-end 2025. Over $5 million in savings have already been realized.

International Growth

The international business is demonstrating strong growth, exceeding margin expectations, and has been net contribution positive in 2025.

SkyBox Enhancements

Vivid Seats rolled out incremental analytical capabilities within their ERP SkyBox, which were well received and are expected to drive future growth.

Positive July Performance

July showed a year-over-year increase in performance, indicating some recovery after a weak June.

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

Daily Earnings Calendar >

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.