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Vivid Seats (SEAT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 4, 2026 · Vivid Seats (SEAT) Q2 2026 earnings results →
Q2 2026 Revenue down 9% year over year to $104M · 14¢ of every $1 of revenue lost · operating margin -13.8%
Vivid Seats made $104M in Q2 2026 (-9% Y/Y): Concerts $42.4M, Sports $41.7M, Theater $15.9M. Operating margin -13.8%, net loss $14.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $103.9M in Q2 2026, down 9% year over year and up 7% from the previous quarter. Concerts was the largest line at 41% of revenue. Concerts lost $8.2M year over year (down 16%), 78% of the total change.
Operating costs exceeded revenue by $14.3M, an operating margin of -13.8%. Total costs fell 69% while revenue fell 9%. The quarter ended with a net loss of $14.3M, narrower than the previous quarter's $14.6M loss. Minority interests bore $14.3M of it: to shareholders the quarter was a profit of $0K.
Operating cash flow was −$799K. Non-cash charges added back $12.3M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $3.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 4, 2026 | $104M | -9% | -13.8% | −$14.3M | −$799K |
| Q1 2026 | 10-Q | May 5, 2026 | $97.5M | -27% | -15.0% | −$14.6M | $46.0M |
| Q4 2025 | 10-K | Mar 12, 2026 | $97.5M | -41% | -439.7% | −$429M | −$38.2M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $105M | -31% | -18.8% | −$19.7M | $512K |
| Q2 2025 | 10-Q | Aug 5, 2025 | $114M | -33% | -230.0% | −$263M | −$28.6M |
| Q1 2025 | 10-Q | May 6, 2025 | $134M | -16% | -7.3% | −$9.8M | −$25.3M |
| Q4 2024 | 10-K | Mar 12, 2025 | $165M | -1% | -5.3% | −$8.8M | $47.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Vivid Seats
We are an online ticket marketplace that utilizes our technology platform to connect fans of live events seamlessly with ticket sellers. We believe in the power of shared experiences to connect people with live events that deliver some of life’s most exciting moments, and our mission is to empower and enable fans to Experience It Live . For ticket buyers, we represent a differentiated value proposition. In addition to our compelling and easy-to-use mobile app and website: our ‘Lowest Price Guarantee’ is designed to ensure that we provide the most competitively priced tickets among our competitors; our ‘100% Buyer Guarantee’ promotes safe and secure transactions; our Vivid Seats Rewards loyalty program allows enrolled buyers to earn reward credits to spend on future orders; and our in-app Game Center engages users with the opportunity to win free tickets or promotional discounts.
In its own words, from its 10-K, filed Mar 12, 2026.
Vivid Seats against its Services-Miscellaneous Amusement & Recreation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -9% against the peers' median +7%. Operating margin: -13.8% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SEAT Vivid Seats | Q2 2026 | $104M | -9% | -13.8% |
| DIS Walt Disney | Q3 FY26 | $25.2B | +7% | 22.0% |
| DKNG DraftKings | Q3 2026 | $1.3B | +16% | -37.1% |
| STUB StubHub Holdings | Q2 2026 | $573M | +33% | 3.4% |
| PRKS United Parks & Resorts | Q3 2026 | $506M | -1% | 27.8% |
| RSI Rush Street Interactive | Q3 2026 | $386M | +39% | 11.1% |
| MTN Vail Resorts | Q4 FY26 | $278M | +2% | -75.1% |
| PRSU Pursuit Attractions & Hospitality | Q3 2026 | $252M | +4% | 45.0% |
| MSGE Madison Square Garden Entertainment | Q1 FY27 | $217M | +37% | 4.5% |
Source: Vivid Seats 10-Q on SEC EDGAR · CIK 1856031 · Services-Miscellaneous Amusement & Recreation
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results