Vivid Seats Q1 GOV Drops 25% to $612.4M, Adjusted EBITDA $9.5M
Vivid Seats reported Q1 marketplace GOV of $612.4M, revenue of $125.8M, net loss of $14.6M and adjusted EBITDA of $9.5M, with GOV down from $820.4M and orders off 25% year-over-year. For 2026 it guides GOV of $2.2B-$2.6B and adjusted EBITDA of $30M-$40M.
1. Q1 2026 Financial Results
Vivid Seats’ marketplace GOV reached $612.4 million for the quarter, down from $820.4 million a year earlier. The company generated $125.8 million in revenue, posted a net loss of $14.6 million and delivered $9.5 million in adjusted EBITDA.
2. First Quarter Business Metrics
Marketplace orders totaled 1.716 million compared with 2.296 million in Q1 2025, while resale orders declined to 82,000 from 105,000. Event cancellations reduced GOV by $9.0 million versus $15.5 million in the prior-year period.
3. 2026 Full-Year Outlook
Vivid Seats projects full-year marketplace GOV between $2.2 billion and $2.6 billion and adjusted EBITDA in the range of $30 million to $40 million, reflecting its push toward sustained growth and improved profitability.