Quarterly ResultMay 5, 2026, 06:33 AM
Vivid Seats Q1 GOV $612.4M, Revenue $125.8M, Net Loss $14.6M
AI Summary
Vivid Seats Inc. reported its first quarter 2026 financial results, with Marketplace GOV of $612.4 million and revenues of $125.8 million. The company posted a net loss of $14.6 million and Adjusted EBITDA of $9.5 million. While these figures represent year-over-year declines, CEO Lawrence Fey highlighted strong execution, results meeting or exceeding guidance, and sequential growth in GOV and Adjusted EBITDA, along with substantial cash generation. The company also provided its full-year 2026 financial outlook, anticipating Marketplace GOV between $2.2 billion and $2.6 billion and Adjusted EBITDA between $30.0 million and $40.0 million.
Key Highlights
- Q1 2026 Marketplace GOV was $612.4 million, down from $820.4 million in Q1 2025.
- Q1 2026 Revenues reached $125.8 million, compared to $164.0 million in Q1 2025.
- The company reported a Net Loss of $14.6 million in Q1 2026, a larger loss than $9.8 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $9.5 million, down from $21.7 million in Q1 2025.
- Net cash provided by operating activities was $46.0 million in Q1 2026, a significant improvement from $(25.3) million in Q1 2025.
- Vivid Seats anticipates FY 2026 Marketplace GOV in the range of $2.2 billion to $2.6 billion.
- The company projects FY 2026 Adjusted EBITDA to be between $30.0 million and $40.0 million.
- CEO noted strong execution, results at or above guidance, and sequential growth in GOV and Adjusted EBITDA.