Vivid Seats' Q3 revenue beats estimates; to reduce debt
SEAT•Vivid Seats reported Q3 revenue of $126.9 million, slightly above the $126.11 million analyst estimate, and adjusted EBITDA of $8.9 million, above the $7.37 million estimate. It reached an agreement in principle for a recapitalization to reduce debt by $200 million.
1. Quarterly results
Vivid Seats reported a Q3 net loss of $17.4 million. Marketplace orders fell to 1.876 million from 2.101 million a year earlier, while event cancellations reduced Marketplace GOV by $10.2 million, compared with $11.4 million in the year-ago quarter.
2. Debt and outlook
The company reached an agreement in principle for a recapitalization intended to reduce debt by $200 million. For 2026, it expects Marketplace GOV of $2.3 billion to $2.6 billion and adjusted EBITDA of $34 million to $40 million.
