Vivid Seats (SEAT) AI Stock Analysis

• Market Cap: $100.45M
• Dividend Yield: N/A
• Average Volume (3M): 152.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.15
• Revenue Growth: -16.83%
• EPS Growth: -485.31%
• Country: US
• Employees: 768
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): -1.84
• Shares Outstanding: 10,725,316
• 10 Day Avg. Volume: 164,147
• 30 Day Avg. Volume: 152,209
• PEG Ratio: -0.75
• Price to Book (P/B): 2.35
• Price to Sales (P/S): 0.79
• P/FCF Ratio: 12.33
• Enterprise Value/Market Cap: 4.92
• Enterprise Value/Revenue: 0.77
• Enterprise Value/Gross Profit: 1.07
• Enterprise Value/Ebitda: -3.29
• 1Y Price Target: $11.44
• Price Target Upside: 75.46% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 10
• EPS Forecast (FY): -28.87
• Revenue Forecast (FY): $580.42M

• Rating: 45 Neutral
• Price Target: $7.00 ▲(7.36% Upside)

Vivid Seats' overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. While strategic initiatives and leadership changes provide some optimism, the company's current financial health and valuation concerns weigh heavily on the score.

Positive Factors

Strategic Collaboration

The partnership with United Airlines enhances Vivid Seats' market reach and customer loyalty, offering MileagePlus members new incentives to purchase tickets, potentially increasing sales and strengthening brand presence in the long term.

App Innovation

The app enhancements focus on customer experience, potentially increasing user engagement and satisfaction. This innovation supports Vivid Seats' competitive position by leveraging technology to offer a differentiated platform.

Cost Reduction Initiatives

Significant cost reduction efforts improve financial flexibility and profitability. By lowering fixed costs, Vivid Seats can better manage its resources and reinvest in growth initiatives, enhancing long-term financial health.

Negative Factors

Declining Revenue

A significant decline in revenue indicates challenges in maintaining market share and demand. This trend could impact the company's ability to sustain operations and invest in future growth, posing a risk to long-term stability.

Negative Profit Margins

Negative profit margins reflect inefficiencies in cost management and pricing strategy. Persistent losses can undermine financial health, limiting the company's ability to invest in strategic initiatives and compete effectively.

Challenges in Private Label Business

Struggles in the private label segment highlight vulnerabilities in Vivid Seats' business model. The loss of key partners can reduce revenue streams and weaken competitive positioning, impacting long-term growth prospects.

Vivid Seats Business Overview & Revenue Model

Company Description

Vivid Seats (SEAT) is a leading online ticket marketplace based in the United States, specializing in providing customers with access to live events, including concerts, sports, and theater performances. Founded in 2001, Vivid Seats offers users a platform to buy and sell tickets while ensuring a secure and user-friendly experience. The company operates in the entertainment sector, leveraging technology to connect event-goers with a wide range of ticket options for various events across the country.

How the Company Makes Money

Vivid Seats generates revenue primarily through the sale of tickets for live events. The company operates on a marketplace model, earning money through service fees charged to buyers on each ticket purchase, as well as commissions from sellers when tickets are sold. Additionally, Vivid Seats may partner with event organizers, venues, and brands for promotional collaborations, which can lead to increased ticket sales and enhanced visibility. The company also offers a loyalty program that encourages repeat customers, contributing further to its revenue streams. Overall, the combination of service fees, commissions, and strategic partnerships plays a pivotal role in Vivid Seats' financial performance.

Vivid Seats Financial Statement Overview

Summary

Vivid Seats faces significant financial challenges, with declining revenues and profitability issues. The balance sheet shows manageable leverage, but the negative return on equity is concerning. Cash flow metrics highlight operational difficulties, although there is some ability to generate cash relative to net income. Overall, the company needs to address its profitability and cash management to improve its financial health.

Income Statement

Vivid Seats shows a declining revenue trend with a negative revenue growth rate of -7.24% in the TTM period. Gross profit margin remains strong at 71.45%, but the company struggles with profitability as indicated by negative net profit and EBIT margins. The net profit margin has deteriorated to -25.82% in the TTM, reflecting significant challenges in managing costs and achieving profitability.

Balance Sheet

The balance sheet indicates a relatively low debt-to-equity ratio of 0.08 in the TTM, suggesting manageable leverage. However, the return on equity is negative at -58.77%, highlighting inefficiencies in generating returns for shareholders. The equity ratio stands at 24.57%, indicating a moderate level of equity financing.

Cash Flow

Cash flow analysis reveals a negative free cash flow growth rate of -32.71% in the TTM, pointing to cash management issues. The operating cash flow to net income ratio is negative, indicating operational challenges. However, the free cash flow to net income ratio is positive at 2.89, suggesting some ability to convert earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	643.77M	775.59M	712.88M	600.27M	443.04M	35.08M
Gross Profit	460.00M	573.73M	530.70M	459.77M	352.42M	10.39M
EBITDA	-150.03M	91.83M	102.44M	91.95M	41.68M	-668.46M
Net Income	-155.03M	9.43M	74.54M	28.66M	-19.13M	-774.18M
Balance Sheet
Total Assets	1.11B	1.64B	1.55B	1.15B	1.41B	1.16B
Cash, Cash Equivalents and Short-Term Investments	145.11M	243.48M	125.48M	251.54M	489.53M	285.34M
Total Debt	21.03M	407.64M	284.78M	282.56M	460.13M	877.32M
Total Liabilities	771.58M	1.02B	963.34M	671.27M	983.46M	1.43B
Stockholders Equity	272.15M	261.11M	105.02M	-382.70M	-860.68M	-271.78M
Cash Flow
Free Cash Flow	-30.43M	49.70M	134.54M	-1.03M	166.14M	-41.50M
Operating Cash Flow	-5.61M	53.92M	147.32M	14.38M	175.79M	-33.89M
Investing Cash Flow	-25.17M	-26.74M	-225.64M	-15.41M	-9.35M	-7.61M
Financing Cash Flow	-31.27M	86.08M	-43.43M	-236.48M	38.03M	245.54M

Vivid Seats Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEAT, the sentiment is Negative. The current price of 6.52 is below the 20-day moving average (MA) of 7.43, below the 50-day MA of 9.72, and below the 200-day MA of 29.26, indicating a bearish trend. The MACD of -0.86 indicates Negative momentum. The RSI at 32.91 is Neutral, neither overbought nor oversold. The STOCH value of 24.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEAT.

Vivid Seats Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVER	77 Outperform	$965.06M	19.24	36.81%	―	57.83%	293.63%
FVRR	63 Neutral	$734.71M	33.95	6.18%	―	12.68%	133.00%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TRVG	55 Neutral	$205.39M	79.02	1.22%	―	17.38%	―
TRUE	46 Neutral	$196.56M	-10.38	-15.37%	―	6.18%	28.04%
SEAT	45 Neutral	$100.45M	-0.27	-51.54%	―	-16.83%	-485.31%
ILLR	39 Underperform	$107.05M	-0.51	―	―	―	―

Vivid Seats Corporate Events

Vivid Seats Appoints Lawrence Fey as New CEO

Vivid Seats announced a leadership transition with Lawrence Fey appointed as the new CEO, succeeding Stan Chia, who will remain in an advisory role until December 1, 2025. The company reported a decline in its third-quarter 2025 financial results, with a 29% decrease in Marketplace Gross Order Value and a net loss of $19.7 million, as it focuses on cost reduction and efficiency initiatives to drive future growth.

Vivid Seats Announces Corporate Simplification Agreement

On October 19, 2025, Vivid Seats Inc. announced a Corporate Simplification Agreement to streamline its organizational structure by terminating its Tax Receivable Agreement and eliminating its dual-class stock structure. This strategic move is expected to save the company up to $180 million in lifetime tax savings and reduce annual cash tax payments significantly. The agreement will also simplify financial reporting and reduce compliance costs, enhancing Vivid Seats’ long-term cash flow profile. The transactions, approved by a special committee of the board, will result in the issuance of Class A common stock to former TRA parties and the cancellation of Class B common stock, consolidating Vivid Seats’ stock into a single class.