GlobeNewswire·Nov 9, 2026, 6:30 AM ET

Vivid Seats Reports Third Quarter 2026 Results

SEAT SEATW

Vivid Seats Inc. reported third-quarter 2026 financial results with Marketplace Gross Order Value (GOV) of $624.0 million & revenues of $126.9 million.
The company recorded a net loss of $17.4 million & Adjusted EBITDA of $8.9 million for the three months ended September 30, 2026.
Vivid Seats announced an agreement in principle with a majority of term loan lenders for a recapitalization transaction intended to strengthen the balance sheet.
The proposed recapitalization includes $60 million in new money term loans, conversion of significant existing debt into equity, & a reduction of funded debt by approximately $200 million.
The transaction will extend the maturity on remaining debt & is subject to the negotiation & execution of definitive documentation.
Marketplace GOV grew year-over-year in the third quarter, despite event cancellations negatively impacting the figure by $10.2 million during the period.
For the full year 2026, the company forecasts Marketplace GOV between $2.3 billion & $2.6 billion, with Adjusted EBITDA projected between $34.0 million & $40.0 million.
Event cancellations affected 34,221 Marketplace orders & 1,071 Resale orders in the third quarter, showing a decrease in cancellation volume compared to the same period in 2025.
Latham & Watkins LLP, Moelis & Company, & FTI Consulting are serving as advisors to Vivid Seats for the proposed transaction.
Vivid Seats will host a webcast at 8:30 a.m. Eastern Time to discuss the financial results, business updates, & outlook.

Company: Vivid Seats LLC
Keywords: Nasdaq:SEAT, Vivid Seats LLC