Logotype for Vivid Seats Inc

Vivid Seats (SEAT) investor relations material

Vivid Seats Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Vivid Seats Inc
Q2 2025 earnings summary5 Aug, 2025

Executive summary

  • Q2 2025 revenue declined 28% year-over-year to $143.6M, with a net loss of $263.3M, driven by lower Marketplace orders and major impairment charges amid industry headwinds and competitive pressures.

  • A $25M annualized cost reduction program was announced and is being implemented to improve efficiency and support a return to growth.

  • A 1-for-20 reverse stock split was executed in August 2025 to address share price and liquidity concerns.

  • Management remains focused on platform innovation, international expansion, and long-term growth despite near-term volatility.

  • Major non-cash impairment charges were recorded on goodwill and intangible assets due to financial declines.

Financial highlights

  • Marketplace GOV dropped 31% year-over-year to $685.5M in Q2 2025; total orders and average order size also declined.

  • Adjusted EBITDA was $14.4M, down sharply from $44.2M in Q2 2024; net loss was $263.3M, mainly due to impairment charges.

  • Cash and cash equivalents at June 30, 2025 were $153M, down from $243.5M at year-end 2024.

  • Operating cash flow was negative $53.9M for H1 2025, compared to positive $25.4M in the prior year.

  • Marketplace revenues by event category fell across concerts (-37%), sports (-30%), and theater (-23%) year-over-year.

Outlook and guidance

  • Management expects continued pressure on Marketplace order volumes due to economic uncertainty and competitive marketing dynamics.

  • Cost reduction program expected to deliver $25M in annualized savings by end of 2025; positive cash flow anticipated in Q3 due to seasonality.

  • No full-year 2025 financial guidance provided.

  • Focus remains on stabilizing top line in 2026 and returning to sustainable growth.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Vivid Seats earnings date

Logotype for Vivid Seats Inc
Q3 20256 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Vivid Seats earnings date

Logotype for Vivid Seats Inc
Q3 20256 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Vivid Seats Inc operates an online ticket marketplace for live events, including sports, concerts, and theater performances. The company provides a digital platform that connects ticket buyers with sellers, along with mobile ticketing and loyalty programs. It serves customers across the United States. The company is headquartered in Chicago, Illinois, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage