Quarterly ResultMay 5, 2026, 06:51 AM
Vivid Seats Q1 Revenue Down 23.3% to $125.8M; Net Loss Widens to $14.6M
AI Summary
Vivid Seats Inc. reported a significant decline in revenues for the first quarter of 2026, with total revenues decreasing by 23.3% to $125.8 million. The company's net loss widened to $14.6 million, compared to a net loss of $9.8 million in the prior year period. Despite the revenue decline, net cash provided by operating activities saw a substantial improvement, reaching $46.0 million compared to a $25.3 million use in the prior year. The company also highlighted the impact of a 1-for-20 reverse stock split and a corporate simplification completed in 2025.
Key Highlights
- Total revenues decreased 23.3% to $125.8 million for Q1 2026 from $164.0 million in Q1 2025.
- Net loss widened to $14.6 million in Q1 2026 from $9.8 million in Q1 2025.
- Basic net loss per Class A common stock increased to $(1.35) from $(0.89) year-over-year.
- Marketplace segment revenues fell 27.1% to $97.5 million in Q1 2026.
- Resale segment revenues decreased 6.7% to $28.3 million in Q1 2026.
- Net cash provided by operating activities was $46.0 million in Q1 2026, up from $(25.3) million used in Q1 2025.
- Cash and cash equivalents increased to $143.6 million at March 31, 2026, from $102.7 million at December 31, 2025.
- The company completed a 1-for-20 reverse stock split and corporate simplification in 2025.
Price Impact
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