Vivid Seats Inc. · NASDAQ:SEAT
Vivid Seats — Q1 2026 Earnings Presentation
11 slides from Vivid Seats's earnings presentation, 2026
Slide 1: Q1 2026 Financial Results
Q1 2026 Financial Results Investor & Analyst Presentation Nasdaq: SEAT
Slide 2: Important Disclaimers
Important Disclaimers Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “can,” “continue,” “could,” “design,” “esti
Slide 3: Q1 2026 Financial Overview & Business Updates
Q1 2026 Financial Overview & Business Updates Revenue Adjusted EBITDA 2 Marketplace GOV1 Revenues Adjusted EBITDA2 $612M $126M $9.5M • Executing against long-term strategy with product innovation, operational excellence and a leading value proposition • Q1 2026 GOV and Adjusted EBITDA at high end of
Slide 4: Marketplace GOV & Revenues
Marketplace GOV & Revenues (in thousands) Marketplace GOV1 Revenues $820,359 $164,023 $143,566 $685,488 $136,373 $618,139 $612,366 $126,814 $125,783 $580,587 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 (1) Represents the total transactional amount of Marketplace o
Slide 5: Net Income (Loss) & Adjusted EBITDA
Net Income (Loss) & Adjusted EBITDA (in thousands) Net Income (Loss)1 Adjusted EBITDA2 $21,721 $14,356 ($9,788) $9,486 ($14,631) ($263,327) $4,905 ($19,713) ($428,662) $840 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 (1)(1) Represents Representsconsolidated net in
Slide 6: Reaffirming Full Year 2026 Outlook
Reaffirming Full Year 2026 Outlook $60M+ Annualized Metric Outlook Commentary Cost Savings Initiative Non-Cash Quarterly GOV Marketplace GOV $2.2B to $2.6B Quarterly GOV stabilized (Stock-Based Comp) stabilized Investinginin Investing Cash Adjusted EBITDA1 $30M-to $30M $40M $40M enhanced customer en
Slide 7: Appendix
Appendix vividseats
Slide 8: Supplementary Financial Data
Supplementary Financial Data Historical Average Order Size1 ($) 376 374 380 363 358 357 357 331 322 329 315 294 294 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 (1) Represents Marketplace GOV divided by Marketplace Orders.
Slide 9: Supplementary Financial Data
Supplementary Financial Data Marketplace Revenues by Event Category Earnings Per Share Three Months Ended March 31, Three Months Ended March 31, % Change 2026 2025 2026 2025 Concerts $43,570 $58,154 -25% Numerator—basic: Sports 29,542 38,598 -23% Net loss ($14,631) ($9,788 ) Theater 20,104 31,533 -3
Slide 10: Non-U.S. GAAP Reconciliations
Non-U.S. GAAP Reconciliations (in thousands, except percentages) 2025 2026 2025 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net income (loss) / Net income (loss) margin -$9,788 -$263,327 -$19,713 -$428,662 -$14,631 -6.0% -183.4% -14.5% -338.0% -11.6% Income t
Slide 11: Proprietary and Confidential Information. For Internal Use Only. Do not reproduce, reprint, distribute, or
Proprietary and Confidential Information. For Internal Use Only. Do not reproduce, reprint, distribute, or disclose without the express written consent of Vivid Seats LLC.