Vivid Seats (SEAT) AI Stock Analysis

• Market Cap: $130.89M
• Dividend Yield: N/A
• Average Volume (3M): 136.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: -10.52%
• EPS Growth: -420.74%
• Country: US
• Employees: 768
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): -1.88
• Shares Outstanding: 6,471,010
• 10 Day Avg. Volume: 110,339
• 30 Day Avg. Volume: 136,262
• PEG Ratio: -0.72
• Price to Book (P/B): 2.35
• Price to Sales (P/S): 0.79
• P/FCF Ratio: 12.33
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $12.43
• Price Target Upside: 17.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $11.50 ▲(8.90% Upside)

Vivid Seats' overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue, profitability issues, and high leverage. The technical analysis also indicates a bearish trend, further weighing on the score. While the earnings call provided some positive strategic initiatives, the challenges in financial metrics and valuation concerns remain significant.

Positive Factors

Cost Reduction Initiatives

Doubling cost reduction targets enhances financial efficiency and allows reinvestment into strategic growth areas, improving long-term profitability.

Leadership Change

New leadership can bring fresh strategies and perspectives, potentially revitalizing growth and improving operational focus.

App Growth

Strong app growth indicates successful digital engagement, enhancing customer experience and potentially boosting long-term revenue.

Negative Factors

Declining Revenue

Significant revenue decline suggests market challenges and competitive pressures, impacting financial stability and growth potential.

High Leverage

High leverage increases financial risk and limits flexibility, potentially affecting the company's ability to invest in growth opportunities.

Profitability Issues

Negative profit margins indicate operational inefficiencies and high costs, challenging the company's ability to achieve sustainable profitability.

Vivid Seats Business Overview & Revenue Model

Company Description

Vivid Seats Inc. operates as an online secondary marketplace for tickets in the United States and Canada. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for live sports, concerts, and theater shows, and other live events. This segment offers Skybox, a proprietary enterprise resource planning tool that helps ticket sellers manage ticket inventories, adjust pricing, and fulfill orders across multiple ticket resale marketplaces. The Resale segment acquires tickets to resell on secondary ticket marketplaces; and provides internal research and development support for Skybox and to deliver seller software and tools. The company was founded in 2001 and is headquartered in Chicago, Illinois.

How the Company Makes Money

Vivid Seats generates revenue primarily through the sale of tickets for live events. The company operates on a marketplace model, earning money through service fees charged to buyers on each ticket purchase, as well as commissions from sellers when tickets are sold. Additionally, Vivid Seats may partner with event organizers, venues, and brands for promotional collaborations, which can lead to increased ticket sales and enhanced visibility. The company also offers a loyalty program that encourages repeat customers, contributing further to its revenue streams. Overall, the combination of service fees, commissions, and strategic partnerships plays a pivotal role in Vivid Seats' financial performance.

Vivid Seats Financial Statement Overview

Summary

Vivid Seats faces significant financial challenges, with declining revenue and profitability, high leverage, and cash flow issues. While there are some positive signs in cash flow growth, the overall financial health is concerning, requiring strategic improvements to stabilize and enhance performance.

Income Statement

Vivid Seats has experienced a decline in revenue growth with a negative rate of -7.31% in the TTM, indicating a challenging market environment. The gross profit margin remains strong at 72.56%, but the net profit margin is negative at -20.35%, reflecting significant profitability issues. The EBIT and EBITDA margins are also negative, suggesting operational inefficiencies and high costs.

Balance Sheet

The company has a high debt-to-equity ratio of 1.87 in the TTM, indicating significant leverage and potential financial risk. The return on equity is negative at -47.52%, highlighting the company's struggle to generate returns for shareholders. The equity ratio is low, suggesting a reliance on debt financing.

Cash Flow

Vivid Seats shows a positive free cash flow growth rate of 69.84% in the TTM, which is a positive sign. However, the operating cash flow is negative, and the operating cash flow to net income ratio is also negative, indicating cash flow challenges. The free cash flow to net income ratio is 1.78, suggesting some ability to cover net income with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	694.01M	775.59M	712.88M	600.27M	443.04M	35.08M
Gross Profit	503.55M	573.73M	530.70M	459.77M	352.42M	10.39M
EBITDA	-110.46M	91.83M	102.44M	91.95M	41.68M	-668.46M
Net Income	-141.21M	9.43M	74.54M	70.78M	-19.13M	-831.67M
Balance Sheet
Total Assets	1.15B	1.64B	1.55B	1.15B	1.41B	1.16B
Cash, Cash Equivalents and Short-Term Investments	153.01M	243.48M	125.48M	251.54M	489.53M	285.34M
Total Debt	406.62M	407.64M	284.78M	282.56M	460.13M	877.32M
Total Liabilities	803.11M	1.02B	963.34M	671.27M	983.46M	1.43B
Stockholders Equity	217.34M	261.11M	105.02M	-382.70M	-860.68M	-271.78M
Cash Flow
Free Cash Flow	-45.22M	49.70M	134.54M	-1.03M	210.28M	-41.50M
Operating Cash Flow	-25.34M	53.92M	147.32M	14.38M	219.93M	-33.89M
Investing Cash Flow	-27.86M	-26.74M	-225.64M	-15.41M	-9.35M	-7.61M
Financing Cash Flow	-34.08M	86.08M	-43.43M	-236.48M	-6.11M	245.54M

Vivid Seats Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEAT, the sentiment is Negative. The current price of 10.56 is below the 20-day moving average (MA) of 12.17, below the 50-day MA of 14.45, and below the 200-day MA of 40.70, indicating a bearish trend. The MACD of -0.82 indicates Negative momentum. The RSI at 32.86 is Neutral, neither overbought nor oversold. The STOCH value of 28.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEAT.

Vivid Seats Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVER	73 Outperform	$898.54M	17.32	36.81%	―	57.83%	293.63%
FVRR	63 Neutral	$757.93M	34.08	6.18%	―	12.68%	133.00%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TRUE	55 Neutral	$194.58M	-6.55	-15.37%	―	6.18%	28.04%
TRVG	54 Neutral	$218.09M	80.05	1.22%	―	17.38%	―
SEAT	45 Neutral	$130.89M	―	-75.68%	―	-10.52%	-420.74%
ILLR	39 Underperform	$105.45M	-0.45	―	―	―	―

Vivid Seats Corporate Events

Vivid Seats Appoints Lawrence Fey as New CEO

Vivid Seats announced a leadership transition with Lawrence Fey appointed as the new CEO, succeeding Stan Chia, who will remain in an advisory role until December 1, 2025. The company reported a decline in its third-quarter 2025 financial results, with a 29% decrease in Marketplace Gross Order Value and a net loss of $19.7 million, as it focuses on cost reduction and efficiency initiatives to drive future growth.

The most recent analyst rating on (SEAT) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Vivid Seats stock, see the SEAT Stock Forecast page.

Vivid Seats Announces Corporate Simplification Agreement

On October 19, 2025, Vivid Seats Inc. announced a Corporate Simplification Agreement to streamline its organizational structure by terminating its Tax Receivable Agreement and eliminating its dual-class stock structure. This strategic move is expected to save the company up to $180 million in lifetime tax savings and reduce annual cash tax payments significantly. The agreement will also simplify financial reporting and reduce compliance costs, enhancing Vivid Seats’ long-term cash flow profile. The transactions, approved by a special committee of the board, will result in the issuance of Class A common stock to former TRA parties and the cancellation of Class B common stock, consolidating Vivid Seats’ stock into a single class.

The most recent analyst rating on (SEAT) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Vivid Seats stock, see the SEAT Stock Forecast page.

Vivid Seats Earnings Call: Challenges Amid Growth

During Vivid Seats Inc.’s recent earnings call, the sentiment was mixed, with a focus on successful international expansion and strategic cost reductions. However, these positives were overshadowed by significant declines in revenue, adjusted EBITDA, and marketplace volume. The sports category’s poor performance and competitive pressures in the market added further challenges, alongside the decision to shut down Vivid Picks.