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Vivid Seats Inc. SEAT Q3 2025 earnings

Reported November 6, 2025 · Before market open

Revenue$136.4MMiss by $806.5K
EPS-$1.91Miss by $0.23
Revenue estimate$137.2M
EPS estimate-$1.68

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$122.1M
EPS estimate-$1.03

Financials

Q3 2025

Income statement

See full
Revenue$104.8M-31.3%
Net income-$30.2M-384%

Balance sheet

See full
Cash & equivalents$145.1M-28.3%
Total debt$384.2M-0.4%
Total equity$272.2M-17.4%
Total assets$1.1B-31.3%

Cash flow

See full
Operating cash flow-—
CapEx$10.0K-97.4%
Free cash flow-—

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$107.55M-77.9%
Enterprise value$346.65M-48.3%
P/S0.2×-0.5×

Profitability

See full
FCF margin-2.2%—

Returns & leverage

See full
Debt / equity1.4×+0.2×
Current ratio0.7×-0.1×

Segments

By product

See full
Owned Properties$96.6M-25.2%
Concerts$43.1M-36.4%
Sports$33.9M-32.7%
Theater$22.4M-21.8%
Private Label$8.2M-65.0%

By segment

See full
Market Place$104.8M-31.3%
Resale$31.6M-7.0%

Versus estimates

Revenue

Q1 2026$125.8MBeat by $1.2MQ4 2025$126.8MMiss by $10.3M
Q3 2025$136.4MMiss by $806.5K
Q2 2025$143.6MBeat by $3.8MQ1 2025$164.0MMiss by $16.5MQ4 2024$199.8MBeat by $14.9M

Diluted EPS

Q1 2026-$1.35Miss by $0.32Q4 2025-$10.39Miss by $8.58
Q3 2025-$1.91Miss by $0.23
Q2 2025$5.60Beat by $6.40Q1 2025-$0.05Miss by $0.03Q4 2024-$0.01Miss by $0.04

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Questions, answered.

When did Vivid Seats Inc. report Q3 2025 earnings?
Vivid Seats Inc. (SEAT) reported Q3 2025 earnings on November 6, 2025 before market open.
What were Vivid Seats Inc.'s Q3 2025 revenue and EPS?
Vivid Seats Inc. reported revenue of $136.4M and eps of $-1.91 for Q3 2025.
Did Vivid Seats Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $137.2M by $806.5K. EPS missed the consensus estimate of $-1.68 by $0.23.
How did Vivid Seats Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 26.9% from $186.6M a year earlier.
Where can I find Vivid Seats Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-267994) and the 10-Q periodic report (0001193125-25-267993) directly on SEC EDGAR. The filing index links above go to sec.gov.