Vivid Seats (SEAT) AI Stock Analysis

• Market Cap: $158.76M
• Dividend Yield: N/A
• Average Volume (3M): 216.66K
• Price to Earnings (P/E): 25.3
• Beta (1Y): 1.08
• Revenue Growth: -10.52%
• EPS Growth: -420.74%
• Country: US
• Employees: 768
• Sector: Communication Services
• Sector Strength: 96
• Industry: Internet Content & Information
• EPS (TTM): -25.52
• Shares Outstanding: 6,471,010
• 10 Day Avg. Volume: 112,618
• 30 Day Avg. Volume: 216,658
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.79
• Enterprise Value/Revenue: 0.80
• Enterprise Value/Gross Profit: 1.11
• Enterprise Value/Ebitda: 7.09
• 1Y Price Target: $31.33
• Price Target Upside: 96.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 50 Neutral
• Price Target: $18.00 ▲(12.92% Upside)

The overall stock score is primarily impacted by financial performance challenges, including declining revenue and profitability. Technical analysis indicates bearish momentum, and valuation metrics are weak due to a negative P/E ratio. While the earnings call noted some strategic initiatives, the overall sentiment remains cautious.

Positive Factors

Cost Efficiency

A $25M cost reduction initiative has been implemented to improve unit economics, with expected savings by year-end.

International Expansion

International expansion is a bright spot as the company is now live in four European countries and contribution margin has been positive.

Market Differentiation

Important differentiators such as loyalty, SkyBox, and Game Center remain intact and should enable the company to take market share.

Negative Factors

Competitive Pressure

The firm noted elevated competitive pressures and a challenging industry backdrop.

Consumer Spending

The company cited pressure on consumer spending and continued competitive pressure in performance marketing that both led to headwinds for the business.

Financial Performance

Vivid Seats reported disappointing 2Q25 results with revenue and Adj. EBITDA coming in below consensus estimates.

Vivid Seats Business Overview & Revenue Model

Company Description

Vivid Seats Inc. operates as an online secondary marketplace for tickets in the United States and Canada. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for live sports, concerts, and theater shows, and other live events. This segment offers Skybox, a proprietary enterprise resource planning tool that helps ticket sellers manage ticket inventories, adjust pricing, and fulfill orders across multiple ticket resale marketplaces. The Resale segment acquires tickets to resell on secondary ticket marketplaces; and provides internal research and development support for Skybox and to deliver seller software and tools. The company was founded in 2001 and is headquartered in Chicago, Illinois.

How the Company Makes Money

Vivid Seats generates revenue primarily through service fees charged on ticket sales. When a ticket is sold on its platform, the company takes a percentage of the transaction as a service fee, which is added on top of the ticket price. This fee structure applies to both buyers and sellers, ensuring revenue from both ends of the transaction. Additionally, Vivid Seats may earn through partnerships with event organizers and venues, offering promotional deals or exclusive ticketing rights. The company's success is further enhanced by its strong brand presence and its reputation for reliability and customer service in the competitive ticket marketplace industry.

Vivid Seats Financial Statement Overview

Summary

Vivid Seats has shown strong revenue growth in the past, but recent figures indicate challenges with declining revenue, negative net income, and cash flow issues. The balance sheet reflects moderate leverage concerns.

Income Statement

Over the years, Vivid Seats has demonstrated strong revenue growth, particularly from 2020 to 2023. However, recent TTM data shows a slight decline in revenue and profitability, with negative net income indicating challenges in maintaining profitability. Gross profit margins remain healthy, though net profit margins have fluctuated, reflecting operational challenges.

Balance Sheet

The balance sheet shows a moderate level of debt compared to equity, with a debt-to-equity ratio indicating potential leverage concerns. The return on equity is inconsistent due to fluctuating net income. The equity ratio is on the lower side, reflecting a higher reliance on liabilities.

Cash Flow

Vivid Seats has faced volatility in cash flows, with a recent decline in free cash flow and negative operating cash flow in the TTM period. While there was positive cash flow growth between 2022 and 2023, recent figures suggest cash management and profitability challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	748.76M	775.59M	712.88M	600.27M	443.04M	35.08M
Gross Profit	541.46M	573.73M	530.70M	459.77M	352.42M	10.39M
EBITDA	84.92M	91.83M	102.44M	91.95M	41.68M	-668.46M
Net Income	-2.59M	9.43M	74.54M	70.78M	-19.13M	-831.67M
Balance Sheet
Total Assets	1.61B	1.64B	1.55B	1.15B	1.41B	1.16B
Cash, Cash Equivalents and Short-Term Investments	199.47M	243.48M	125.48M	251.54M	489.53M	285.34M
Total Debt	407.95M	407.64M	284.78M	282.56M	460.13M	877.32M
Total Liabilities	999.20M	1.02B	963.34M	671.27M	983.46M	1.43B
Stockholders Equity	380.71M	261.11M	105.02M	-382.70M	-860.68M	-271.78M
Cash Flow
Free Cash Flow	-26.62M	49.70M	134.54M	-1.03M	210.28M	-41.50M
Operating Cash Flow	-10.53M	53.92M	147.32M	14.38M	219.93M	-33.89M
Investing Cash Flow	-29.03M	-26.74M	-225.64M	-15.41M	-9.35M	-7.61M
Financing Cash Flow	79.12M	86.08M	-43.43M	-236.48M	-6.11M	245.54M

Vivid Seats Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.94
• 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 15.94 is below the 20-day moving average (MA) of 16.78, below the 50-day MA of 26.59, and below the 200-day MA of 54.68, indicating a bearish trend. The MACD of -2.91 indicates Negative momentum. The RSI at 34.15 is Neutral, neither overbought nor oversold. The STOCH value of 25.56 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
OPRA	75 Outperform	$1.59B	22.14	8.57%	4.38%	29.62%	-19.65%
YELP	70 Outperform	$2.00B	14.34	20.13%	―	5.37%	13.08%
Sector *	60 Neutral	$46.29B	4.07	-13.11%	4.12%	1.85%	-42.71%
NXDR	54 Neutral	$793.88M	―	-14.27%	―	9.65%	56.50%
GRPN	52 Neutral	$941.93M	35.54	-19.11%	―	-4.72%	84.11%
SEAT	50 Neutral	$158.76M	25.25	-75.68%	―	-10.52%	-420.74%
TTGT	47 Neutral	$403.91M	―	-5.28%	―	―	―

Vivid Seats Corporate Events

Vivid Seats Approves Reverse Stock Split Proposal

On July 21, 2025, Vivid Seats Inc. held a Special Meeting of Stockholders where two key proposals were approved. The first proposal involved an amendment to the company’s Certificate of Incorporation to allow a reverse stock split of its Class A and Class B common stock, with the ratio to be determined by the Board of Directors. The second proposal approved the potential adjournment of the meeting to gather additional proxies if needed for the first proposal. These decisions could impact the company’s stock structure and shareholder engagement.

The most recent analyst rating on (SEAT) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Vivid Seats stock, see the SEAT Stock Forecast page.

Vivid Seats Elects Directors at Annual Meeting

At Vivid Seats Inc.’s 2025 Annual Meeting of Stockholders held on June 3, 2025, key decisions included the election of Class I directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The election saw Stanley Chia, Jane DeFlorio, and David Donnini elected as directors, while the appointment of Deloitte & Touche LLP was overwhelmingly approved, indicating strong shareholder support for the company’s governance and financial oversight.

The most recent analyst rating on (SEAT) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Vivid Seats stock, see the SEAT Stock Forecast page.