Vivid Seats
Connects fans, ticket sellers, partners, and event-discovery properties across live entertainment.
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Profile
Operates a marketplace that connects buyers, sellers, and partners for sports, concert, theater, and other event tickets, with Resale inventory alongside owned digital channels. The portfolio includes its site and app, Rewards, private-label distribution, a Las Vegas travel and entertainment marketplace, and Wavedash in Japan.
Operates through Marketplace and Resale, connecting ticket buyers, sellers, and partners across sports, concerts, theater, and other live events. Revenue comes from processing transactions on owned properties and private-label partner channels, plus ticket inventory bought for resale on its own marketplace and other platforms.
Current product surfaces include the Vivid Seats website and app, Vivid Seats Rewards, Vegas.com for Las Vegas entertainment and travel, and Wavedash for Japan-based secondary ticketing. The model relies on marketplace technology, broad ticket selection, buyer guarantees, and customer service around live-event transactions.
Execution depends on ticket supply, discretionary consumer spending, search and app marketplace rules, partner relationships, and secondary-market ticket-transfer regulation. Vivid Picks has been closed and should not be treated as a current product.
Company facts
Categories
Key statistics
Year to date −15.1% · Average volume (30d) 64.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Deutsche Bank | Reiterate | Hold | $7 | $7.50 | |
| Aug 5, 2026 | RBC Capital | Reiterate | Sector Perform | $12 | $9 | |
| Jun 10, 2026 | Morgan Stanley | Reiterate | Equal Weight | $7.75 | $9.25 | |
| May 6, 2026 | Morgan Stanley | Target | $7 | $7.75 | ||
| Mar 13, 2026 | Morgan Stanley | Reiterate | Equal Weight | $9 | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$1.02 | −$1.30 | −27.5% | $122.1M | $129.9M | +6.4% | +19.85% |
| May 5, 2026Q1 FY26 | −$1.05 | −$1.35 | −29.1% | $124.6M | $125.8M | +1.0% | +6.56% |
| Mar 12, 2026Q4 FY25 | −$1.81 | −$10.39 | −474.0% | $137.1M | $126.8M | −7.5% | +4.42% |
| Nov 6, 2025Q3 FY25 | −$1.68 | −$1.91 | −13.7% | $137.2M | $136.4M | −0.6% | −0.09% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $164.0M | $143.6M | $136.4M | $126.8M | $125.8M | $129.9M | |
| Gross profit | $119.5M | $101.1M | $92.0M | $84.7M | $74.3M | $91.2M | |
| Operating income | −$4.3M | −$331.7M | −$22.8M | −$18.1M | −$7.7M | −$6.4M | |
| Net income | −$5.9M | −$139.7M | −$8.5M | −$275.2M | −$14.6M | −$14.3M | |
| Diluted EPS | −$0.94 | −$25.40 | −$1.91 | −$40.95 | −$1.35 | −$1.30 | |
| Gross margin | 72.9% | 70.4% | 67.5% | 66.8% | 59.1% | 70.2% | |
| Operating margin | -2.6% | -231.1% | -16.8% | -14.2% | -6.1% | -5.0% |
Fiscal years (4-quarter sums)FY21 $443.0M · FY22 $600.3M · FY23 $712.9M · FY24 $775.6M · FY25 $570.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $136.7M · Total debt $401.0M · Total assets $688.8M · Shareholders' equity −$105.1M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Oct 28, 2021 | Oct 29 | Nov 2 | $0.23 | special dividend |
Ownership
Shares outstanding 11.24M · Float 3.83M · 34.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| GTCR LLC | 3.77M | 33.53% | 13F | Aug 13, 2026 |
| Security Benefit Life Insurance Co /KS/ | 2.19M | 19.50% | 13F | Jul 23, 2026 |
| Blackbarn Capital Partners LP | 500.0K | 4.45% | 13F | Aug 14, 2026 |
| Sun Life Financial Inc | 415.5K | 3.70% | 13F | Aug 12, 2026 |
| Lawrence Fey · director, officer: Chief Executive Officer | 277.0K | 2.46% | Form 4 | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Austin Arnett | officer: General Counsel | −11 | $7.22 |
| Jun 12, 2026 | Austin Arnett | officer: General Counsel | −62 | $8.36 |
| May 13, 2026 | Austin Arnett | officer: General Counsel | −10 | $8.53 |
| Mar 12, 2026 | Austin Arnett | officer: General Counsel | −247 | $5.08 |
| Feb 13, 2026 | Austin Arnett | officer: General Counsel | −12 | $6.83 |
Peers
- StubHub
Direct secondary-ticket rival across sports, concerts, and theater
- Live Nation Entertainment
Ticketmaster scale pressures primary, resale, and event discovery
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vivid Seats | $6.05 | +1.83% | $67.7M | — | — | 0.1 | −9.6% |
| StubHub | $6.55 | −0.08% | $2.30B | — | 13.7 | 1.2 | +33.2% |
| Live Nation Entertainment | $181.50 | −0.07% | $42.27B | — | 151.4 | 1.6 | +9.4% |
| Median | — | 82.6 | 1.4 | +21.3% |