Vivid Seats (SEAT) Q2 Revenue Falls 28%
Vivid Seats (NASDAQ:SEAT), an online ticket marketplace connecting fans with live events across the U.S. and abroad, reported Q2 2025 results on August 5, 2025. The most significant news was a steep decline in GAAP revenue and order volume, with a large net loss largely from a non-cash impairment. Revenue (GAAP) came in at $143.6 million for Q2 2025, nearly $8.5 million below analyst estimates, representing a 28% drop from Q2 2024. Adjusted EBITDA, a non-GAAP measure of earnings before interest, taxes, depreciation and amortization excluding one-time items, dropped from $44.2 million in Q2 2024 to $14.4 million. The company reported a GAAP net loss of $263.3 million for Q2 2025, driven by a $320.4 million GAAP impairment charge related to goodwill and intangible assets. Earnings per share (GAAP) matched analyst expectations at a loss of $0.03446. Overall, the quarter marked a sharp step down in fundamentals, amid tough competition and soft customer demand.
Source: Analyst estimates for the quarter provided by FactSet.
Vivid Seats operates a digital platform for buying and selling live event tickets. Its business model centers on connecting fans with tickets for concerts, sports, and theater, using its proprietary cloud-based technology to streamline transactions and enhance the user experience.
Source Fool.com
