Leadership Transition and Strategic Vision
Lawrence Fey succeeded Stan Chia as CEO, highlighting a strategic focus on returning to growth and enhancing the app value proposition with a lowest price guarantee and loyalty program.
Cost Reduction and Corporate Simplification
The company doubled its fixed cost reduction target from $25 million to $60 million and executed a corporate simplification agreement, yielding $180 million of lifetime tax savings.
App Growth and Positive Customer Response
The Vivid Seats app delivered double-digit sequential growth and returned to year-over-year GOV growth, driven by new features like the lowest price guarantee.
Initial 2026 Guidance
Vivid Seats provided an initial 2026 outlook with marketplace GOV expected in the range of $2.2 billion to $2.6 billion and adjusted EBITDA between $30 million to $40 million.