Vivid Seats Q4 net loss $428.7M; revenue down 37% YoY; weak 2026 outlook

Vivid Seats Inc.

Q4 Marketplace GOV $580.6M (-42% YoY), revenue $126.8M (-37% YoY), net loss $428.7M vs loss $4.4M.
Full year 2025: GOV $2.7B (-31%), revenue $570.8M (-26%), net loss $721.5M vs income $14.3M.
Q4 Adjusted EBITDA $0.8M (down from $34.2M); full year $41.8M (down from $151.4M).
FY 2026 guidance: GOV $2.2-2.6B, Adj EBITDA $30-40M; Q1 GOV $570-620M, Adj EBITDA $8-10M.
Regained Nasdaq compliance as of March 6, 2026 with majority independent directors.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vivid Seats Inc. updated its the first quarter ending March 31, 2026 guidance (initiated).

Period: the first quarter ending March 31, 2026
Guidance: initiated
Result: guidance update

Exact text from the filing

Financial Outlook for Q1 2026 For the quarter ending March 31, 2026, Vivid Seats anticipates: • Marketplace GOV in the range of $570.0 million to $620.0 million • Adjusted EBITDA in the range of $8.0 million to $10.0 million* • Cash balance of $125.0 million to $135.0 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vivid Seats Inc. reported the fiscal year ended December 31, 2025 results: revenue $570.8 million, net income Net loss of $721.5 million.

Period: the fiscal year ended December 31, 2025
Revenue: $570.8 million
Net income: Net loss of $721.5 million
Result: reported results

Exact text from the filing

Revenues of $570.8 million – down 26% from $775.6 million in 2024 • Net loss of $721.5 million – down $735.8 million from net income of $14.3 million in 2024

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vivid Seats Inc. reported the fourth quarter ended December 31, 2025 results: revenue $126.8 million, net income Net loss of $428.7 million.

Period: the fourth quarter ended December 31, 2025
Revenue: $126.8 million
Net income: Net loss of $428.7 million
Result: reported results

Exact text from the filing

Revenues of $126.8 million – down 37% from $199.8 million in Q4 2024 • Net loss of $428.7 million – down $424.2 million from a net loss of $4.4 million in Q4 2024

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vivid Seats Inc. updated its the year ending December 31, 2026 guidance (reaffirmed).

Period: the year ending December 31, 2026
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Financial Outlook for Full Year 2026 For the year ending December 31, 2026, Vivid Seats anticipates: • Marketplace GOV in the range of $2.2 billion to $2.6 billion • Adjusted EBITDA in the range of $30.0 million to $40.0 million*

View on SEC.gov

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Vivid Seats Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-103009

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