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Friday 6 November 2026
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Vivid Seats Inc.
SEAT Communication Services Internet Content & Information
Vivid Seats Inc.’s revenue for fiscal 2025 (year ended December 2025) was $570.8 million, down 26.4% from fiscal 2024.
- Revenue
- −9.55%
- EPS
- +93.9%
- Free cash flow
- +95.6%
- Total debt
- −0.82%
Quarter to June 2026, against a year earlier
2.73
0.01
−0.36%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 469 | 35 | 443 | 600 | 713 | 776 | 571 | 519 | +3.3% | 510 | 520 | 562 | (0.5%) | |
| Gross margin, % | — | — | — | 77.39 | 29.61 | 79.55 | 76.59 | 74.44 | 73.97 | 69.61 | 68.33 | (7.8) pt | ||||||
| EBT | — | — | — | (54) | (774) | (19) | 69 | 71 | 23 | (652) | (488) | +51.5% | ||||||
| EBT margin, % | — | — | — | (11.48) | (2,207.10) | (4.25) | 11.53 | 9.95 | 2.93 | (114.25) | (93.97) | (102.8) pt | ||||||
| Net income | — | 0 | — | (54) | (774) | (19) | 71 | 113 | 14 | (721) | (477) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.00 | 0.52 | 114.34 | 149.59 | 153.84 | 117.22 | 78.70 | 46.96 | n/m | |||||
| Earnings | — | — | — | — | (0.19) | (0.85) | 7.20 | 16.08 | 1.42 | (59.20) | (33.40) | +215.5% | ||||||
| Cash flow | — | — | — | 0.00 | (0.50) | 45.37 | 3.58 | 31.79 | 8.15 | (12.63) | 0.68 | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | (0.31) | (0.93) | (0.31) | (0.80) | (0.56) | (0.15) | n/m | ||||||
| Free cash flow | — | — | — | 0.00 | (0.50) | 45.05 | 2.65 | 31.48 | 7.35 | (13.19) | 0.53 | n/m | ||||||
| Book value | — | — | — | 0.00 | (0.64) | (222.12) | (95.37) | 22.66 | 39.46 | (11.74) | (9.51) | n/m | ||||||
| Shares, m | — | — | — | — | 68 | 4 | 4 | 5 | 7 | 7 | 9 | (36.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 20.53 | 7.58 | 67.10 | 0.00 | 0.00 | 13.6 | |||||
| P/S | — | — | — | 0.00 | 0.00 | 1.90 | 0.99 | 0.97 | 0.79 | 0.12 | 0.06 | 0.7 | ||||||
| P/B | — | — | — | 0.00 | 27.53 | 0.00 | 0.00 | 6.56 | 2.35 | 0.00 | 0.00 | 5.2 | ||||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 1.85 | 1.01 | 1.16 | 0.98 | 0.62 | 0.54 | 0.8 | ||||||
| EV/FCF | — | — | — | 0.00 | 0.00 | 4.70 | 57.12 | 5.65 | 15.57 | (3.67) | 47.70 | 11.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 76 | (34) | 176 | 14 | 147 | 54 | (92) | 8 | n/m | |||||
| Capex | — | — | — | (1) | 0 | (1) | (4) | (1) | (5) | (4) | (2) | +24.6% | ||||||
| Free cash flow | — | — | — | 75 | (34) | 175 | 11 | 146 | 49 | (96) | 6 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 77 | 113 | (46) | (242) | (81) | (125) | (130) | n/m | |||||
| Net debt | — | — | — | — | 592 | (30) | 15 | 136 | 144 | 284 | 248 | (13.7%) | ||||||
| Shareholders’ equity | — | — | — | — | (44) | (861) | (383) | 105 | 261 | (85) | (105) | +14.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | 0.00 | (0.26) | 2.24 | 5.52 | 0.59 | (37.77) | (34.02) | (37.8) pt | |||||
| ROIC | — | — | — | 0.00 | (81.60) | 0.00 | 0.00 | 21.08 | 6.51 | (244.91) | (200.33) | (244.9) pt | ||||||
| ROE | — | — | — | — | 0.00 | 0.58 | (4.61) | (53.68) | 5.15 | (487.89) | (556.99) | (487.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 1 | 430 | 575 | 768 | 768 | 565 | — | +255.1% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 35.08 | 1.03 | 1.04 | 0.93 | 1.01 | 1.01 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Vivid Seats Inc. vs peers in Internet Content & Information (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SJ Scienjoy Holding Corporation | $37.5M | 4.4× | 13.6× | −6.47% (below 0%: shrinking) | +50.00% (above 0%: growing) | −12.22% (below 0%: shrinking) | 17.75% | 4.00% | Compare |
| ZDGE Zedge, Inc. | $35.7M | — (loss-making) | — (loss-making) | +4.04% (above 0%: growing) | n/m | +220.28% (above 0%: growing) | 92.75% | 3.45% | Compare |
| LVO LiveOne, Inc. | $31.8M | — (loss-making) | — (loss-making) | +0.74% (above 0%: growing) | n/m | +99.29% (above 0%: growing) | 20.36% | (19.00%) | Compare |
| BODI The Beachbody Company, Inc. | $31.3M | 2.5× | 12.0× | −22.41% (below 0%: shrinking) | n/m | −265.34% (below 0%: shrinking) | 72.05% | 3.36% | Compare |
| SEAT Vivid Seats Inc. | $30.8M | — (loss-making) | — (loss-making) | −9.55% (below 0%: shrinking) | n/m | +95.55% (above 0%: growing) | 70.24% | (4.96%) | |
| SOGP Sound Group Inc. - Sponsored ADR | $29.2M | — (loss-making) | — (loss-making) | −24.06% (below 0%: shrinking) | n/m | +90.87% (above 0%: growing) | 25.07% | (33.13%) | Compare |
| MNY MoneyHero Limited | $25.0M | — (loss-making) | — (loss-making) | −12.60% (below 0%: shrinking) | n/m | −4,569.46% (below 0%: shrinking) | 51.96% | (16.01%) | Compare |
| CMCM Cheetah Mobile Inc. | $23.5M | — (loss-making) | — (loss-making) | −4.83% (below 0%: shrinking) | n/m | +45.77% (above 0%: growing) | 63.37% | (12.63%) | Compare |
| TEAD Teads Holding Co. | $17.1M | — (loss-making) | — (loss-making) | −17.05% (below 0%: shrinking) | n/m | −83.46% (below 0%: shrinking) | 33.59% | (5.50%) | Compare |
| Median of peers | $30.3M | — | — | −9.53% | — | +16.78% | 42.77% | (9.06%) |