Vivid Seats (NASDAQ:SEAT) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Vivid Seats (NASDAQ:SEAT) posted its earnings results on Tuesday. The company reported ($1.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.28), Zacks reports. The firm had revenue of $129.86 million for the quarter, compared to the consensus estimate of $122.11 million. Vivid Seats had a positive return on equity of 68.65% and a negative net margin of 82.25%.

Here are the key takeaways from Vivid Seats’ conference call:

• Q2 results exceeded expectations, with Marketplace GOV rising 8% sequentially to $659 million, revenue increasing 3% to $130 million, and adjusted EBITDA growing 33% to $12.6 million. Results were driven substantially by FIFA World Cup demand, which contributed a mid-teens percentage of quarterly GOV.
• Vivid Seats reported a greater than 99.7% successful fulfillment rate for World Cup orders and said customer-experience metrics exceeded those of its average event, potentially supporting repeat purchases and brand momentum.
• Management reiterated its plan to return to year-over-year growth in the second half of 2026, while acknowledging that event demand is episodic and that post-World Cup activity has been somewhat softer. Fiscal 2026 guidance is for Marketplace GOV of $2.3 billion–$2.6 billion and adjusted EBITDA of $34 million–$40 million.
• The company highlighted continued growth in private-label revenue, strong performance from a recently added partner, and the launch of a SkyBox broker-to-broker marketplace. Management also cited encouraging app engagement, product improvements, and an international business that is already contribution-margin positive.
• Vivid Seats ended the quarter with $137 million in cash and renewed its revolving credit facility through August 2029, improving liquidity and financial flexibility. Management expects the business to be cash generative in 2026 if it delivers its growth and EBITDA objectives.

Vivid Seats Price Performance

Shares of SEAT stock traded down $1.07 during mid-day trading on Wednesday, hitting $8.47. The stock had a trading volume of 28,921 shares, compared to its average volume of 110,222. The company’s 50-day simple moving average is $7.63 and its 200-day simple moving average is $7.15. Vivid Seats has a fifty-two week low of $5.06 and a fifty-two week high of $35.00. The firm has a market cap of $91.22 million, a PE ratio of -0.12 and a beta of 1.08.

Hedge Funds Weigh In On Vivid Seats

A number of large investors have recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Vivid Seats by 106.8% during the second quarter. Rhumbline Advisers now owns 203,271 shares of the company’s stock worth $344,000 after acquiring an additional 104,972 shares during the last quarter. Quantbot Technologies LP purchased a new position in Vivid Seats in the 2nd quarter worth about $43,000. First Trust Advisors LP lifted its holdings in shares of Vivid Seats by 2.7% in the second quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after purchasing an additional 7,940 shares in the last quarter. Jump Financial LLC purchased a new position in Vivid Seats during the second quarter valued at approximately $32,000. Finally, Caption Management LLC lifted its holdings in shares of Vivid Seats by 1,470.9% during the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock valued at $423,000 after buying an additional 234,528 shares during the last quarter. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SEAT. Zacks Research raised Vivid Seats from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a $9.00 price objective on shares of Vivid Seats in a research note on Wednesday. Wall Street Zen upgraded Vivid Seats from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vivid Seats in a research note on Tuesday, June 9th. Finally, Morgan Stanley set a $9.25 price target on Vivid Seats and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Vivid Seats presently has an average rating of “Hold” and an average price target of $9.54.

About Vivid Seats

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.