Vivid Seats (SEAT) AI Stock Analysis

• Market Cap: $336.68M
• Dividend Yield: N/A
• Average Volume (3M): 1.27M
• Price to Earnings (P/E): 25.3
• Beta (1Y): 1.22
• Revenue Growth: 0.82%
• EPS Growth: -102.72%
• Country: US
• Employees: 768
• Sector: Communication Services
• Sector Strength: 87
• Industry: Internet Content & Information
• EPS (TTM): -0.05
• Shares Outstanding: 130,329,930
• 10 Day Avg. Volume: 1,182,487
• 30 Day Avg. Volume: 1,273,264
• PEG Ratio: 0.75
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.58
• Enterprise Value/Market Cap: 1.30
• Enterprise Value/Revenue: 0.14
• Enterprise Value/Gross Profit: 0.81
• Enterprise Value/Ebitda: 1.14
• 1Y Price Target: $2.71
• Price Target Upside: 63.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 52 Neutral
• Price Target: $1.50 ▼(-9.64%Downside)

Vivid Seats faces significant challenges with declining financial performance, bearish technical indicators, and a negative valuation profile. Earnings call insights suggest strategic initiatives are underway, but near-term outlook remains cautious. The most impactful factors are financial performance and technical analysis.

Positive Factors

Financial Strategy

Vivid Seats has over $200 million in cash and a share buyback program, which may support the stock during challenging times.

Market Share

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

Revenue Growth

The company is in the early innings for international expansion, which is expected to positively impact future revenue growth.

Negative Factors

Competitive Pressure

Vivid Seats experienced a 20% decline in market share, likely due to increased competition from Stubhub.

Financial Performance

Vivid Seats' EBITDA was below expectations, reflecting challenges in maintaining margins amid increased competition.

Market Conditions

Broader macro uncertainty also increasingly weighed on demand throughout the quarter, with industry volume growth moderating in February and declining in the double-digits y/y in March.

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 historical growth, but recent figures indicate challenges in maintaining profitability and cash flow. The balance sheet reflects moderate leverage, with profitability and cash flow issues needing attention.

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: 1.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.66 is below the 20-day moving average (MA) of 1.76, below the 50-day MA of 1.80, and below the 200-day MA of 3.19, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 41.12 is Neutral, neither overbought nor oversold. The STOCH value of 8.67 is Positive, 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	81 Outperform	$1.60B	24.27	9.18%	4.40%	26.71%	-23.67%
YELP	71 Outperform	$2.20B	16.77	19.74%	―	5.93%	29.17%
Sector *	62 Neutral	$41.14B	-1.89	-12.05%	3.52%	2.11%	-69.63%
GRPN	56 Neutral	$1.29B	35.54	-90.27%	―	-5.76%	21.27%
KIND	54 Neutral	$719.27M	―	-18.77%	―	12.01%	35.71%
SEAT	52 Neutral	$336.68M	25.25	-1.00%	―	0.82%	-102.72%
TTGT	48 Neutral	$496.13M	―	-5.28%	―	―	―

Vivid Seats Corporate Events

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.