From GlobeNewswire: 2025-05-06 06:30:00

Vivid Seats Inc. (NASDAQ: SEAT) reported financial results for Q1 2025, with Marketplace GOV down 20% to $820.4 million and revenues down 14% to $164.0 million compared to Q1 2024. Net loss was $9.8 million, down 191% from net income in Q1 2024. Adjusted EBITDA was $21.7 million, down 44% from Q1 2024.

CEO Stan Chia cited competitive intensity and softening industry trends in Q1. Despite challenges, Vivid Seats remains confident in the long-term prospects of the North American live events market. CFO Lawrence Fey announced the suspension of guidance for fiscal year 2025 due to global economic uncertainty and anticipated industry volume challenges.

Key operational and financial metrics for Q1 2025 include Marketplace orders of 2,296 and Resale orders of 105. Adjusted EBITDA for Q1 2025 was $21.7 million. Marketplace GOV was negatively impacted by event cancellations, totaling $15.5 million in Q1 2025.

Vivid Seats will host a webcast at 8:30 a.m. Eastern Time to discuss the Q1 2025 financial results and business updates. The company, founded in 2001, is a leading online ticket marketplace focused on connecting fans to live events. Vivid Seats has suspended guidance for the year ending December 31, 2025, due to industry challenges.



Read more at GlobeNewswire:: Vivid Seats Reports First Quarter 2025 Results