Vivid Seats Third-Quarter Marketplace GOV Returns to Growth at $624.0 Million: Revenue of $126.9 Million, a Net Loss of $17.4 Million and Adjusted EBITDA of $8.
CHICAGO, Illinois — Vivid Seats Inc. (Nasdaq: SEAT) reported on November 9 its financial results for the third quarter ended September 30, 2026. According to the company's official earnings release, Marketplace gross order value (GOV) was $624.0 million, compared with $618.1 million a year earlier, a return to year-over-year growth; Marketplace orders were 1,876 thousand, compared with 2,101 thousand a year earlier, and the release said event cancellations negatively impacted Marketplace GOV by $10.2 million in the quarter. Revenues were $126.9 million, compared with $136.4 million a year earlier. The net loss was $17.4 million, compared with a net loss of $19.7 million a year earlier, and adjusted EBITDA was $8.9 million, compared with $4.9 million a year earlier, also returning to year-over-year growth. Chief Executive Officer Lawrence Fey said in the release that the third quarter returned to year-over-year GOV and adjusted EBITDA growth, reflecting continued successful execution of the company's strategic priorities.
On its capital structure, the company said it has reached an agreement in principle with an ad hoc group of term lenders on the material terms of a comprehensive recapitalization and deleveraging transaction. Under the terms currently contemplated, the transaction would provide $60 million of new money term loans, convert a significant portion of existing debt into equity, reduce the company's overall funded debt by approximately $200 million, and extend the maturity on the remaining debt. The company said the transaction is intended to strengthen its balance sheet, enhance liquidity and provide greater financial flexibility, and remains subject to negotiation and execution of definitive documentation. Advisors listed in the release are Latham & Watkins as legal advisor, Moelis & Company as investment banker, and FTI Consulting as financial and communications advisor.
For the year ending December 31, 2026, the company continued to anticipate Marketplace GOV in the range of $2.3 billion to $2.6 billion and adjusted EBITDA in the range of $34.0 million to $40.0 million. The Chicago-based company said its marketplace connects millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year.
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Source: Vivid Seats (company earnings
Published by GSM · USA (original Chinese edition)
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