Vivid Seats Q2 revenue down 28%, misses estimates

Vivid Seats

05/08/2025 11:40

Overview

Vivid Seats Q2 revenue drops 28% yr/yr, missing analyst expectations

Adjusted EBITDA for Q2 misses estimates amid challenging industry conditions

Company identifies $25 mln annualized cost savings program by end of 2025

Outlook

Vivid Seats did not provide full-year 2025 guidance

Company expects $25 mln annualized cost savings by end of 2025

Vivid Seats anticipates positive cash flow in Q3 due to seasonality

Company sees live events as long-term opportunity despite near-term pressures

Result Drivers

CONSUMER SPENDING PRESSURE - CEO Stan Chia cites pressure on consumer spending as a key challenge impacting Q2 results

COMPETITIVE MARKETING - Competitive intensity in performance marketing channels persists, affecting growth, per CEO

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$143.60 mln
$152 mln (10 Analysts)
Q2 Net Income
-$263.30 mln
Q2 Adjusted EBITDA
Miss
$14.40 mln
$15.80 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Vivid Seats Inc is $2.75, about 52.2% above its August 4 closing price of $1.32

Press Release: ID:nGNXcc22qF

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)