Vivid Seats Inc. · NASDAQ:SEAT
Vivid Seats — Q2 2025 Earnings Presentation
11 slides from Vivid Seats's earnings presentation, Aug 5, 2025
Slide 1: Q2 2025 Financial Results
Q2 2025 Financial Results August 5, 2025 (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: Financial Overview & Business Updates
Financial Overview & Business Updates Marketplace GOV1 Revenues Adjusted EBITDA2 $685M $144M $14M • Continued belief that long-term tailwinds will drive live event growth despite uncertainty in current industry environment • Implemented cost reduction program targeting $25 million designed to optimi
Slide 4: Marketplace GOV & Revenues
Marketplace GOV & Revenues (in thousands) Marketplace GOV1 Revenues $998,065 $994,377 $198,316 $199,813 $186,605 $871,726 $820,359 $164,023 $685,488 $143,566 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 1.(1) Marketplace GOVrepresents Marketplace GOV representsthet
Slide 5: Net Income (Loss) & Adjusted EBITDA
Net Income (Loss) & Adjusted EBITDA (in thousands) Net Income (Loss)1 Adjusted EBITDA2 $10,000 $9,196 100000 $50,000 $45,000 $44,178 $5,000 50000 $40,000 $0 0 $35,000 $34,077 $34,243 ($1,221) ($5,000) -50000 ($4,415) Axis Title $30,000 $25,000 ($1 0,000) -100000 ($9,788) $21,721 $20,000 ($1 5,000) -
Slide 6: Key Takeaways
Key Takeaways Long-Term Secular Growth in Live Events While industry uncertainty and sustained competitive intensity are pressuring near-term growth, we continue to see structural tailwinds in live events that support long-term growth Executing with Discipline to Return to Growth Targeting $25 milli
Slide 7: Capital Structure
Capital Structure 206.6M Shares Outstanding1 at 6/30/25(1,2) CLASS A CLASS B Class A Class B 130.3 M 76.2 M • Publicly traded (Nasdaq: SEAT) • Privately held by PE investors • EPS reflects ~63% economic • Convertible 1-for-1 into Class A interest and shares outstanding • Consolidated financial state
Slide 8: Supplementary Financial Data
Supplementary Financial Data Historical Average Order Size1 ($) Vegas.com & Wavedash acquisitions dilute AOS starting Q4’23 405 397 385 388 376 380 374 368 363 Venue and 355 358 artist mix 357 shift 338 329 331 322 315 303 304 299 3-4% historical 294 285 CAGR Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2021
Slide 9: Supplementary Financial Data
Supplementary Financial Data (in thousands, except share and per share data) Marketplace Revenues by Event Category Earnings Per Share Three Months Ended June 30, Three Months Ended June 30, 2025 2024 % Change Numerator—basic: 2025 2024 Concerts $50,586 $80,803 -37% Net income (loss) ($263,327) ($1,
Slide 10: Non-U.S. GAAP Reconciliations
Non-U.S. GAAP Reconciliations (in thousands, except percentages) 2024 2025 2024 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Net income (loss) / Net income (loss) margin $10,742 -$1,221 $9,196 -$4,415 -$9,788 -$263,327 5.6% -0.6% 4.9% -2.2% -6.
Slide 11: Thank You
Thank You investors@vividseats.com