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Vivid Seats (SEAT) guidance and outlook
Vivid Seats (SEAT) raised its guidance on Nov 9, 2026: EBITDA $34.0M–$40.0M for the year ending Dec 31, 2026. Vivid Seats' 10-Q filed Nov 9, 2026 makes 7 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | the year ending Dec 31, 2026 | $34.0M–$40.0M | raised |
From the earnings release filed Nov 9, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 9, 2026
- The increase resulted primarily from an increase in average order size (which increase was primarily driven by the 2026 FIFA World Cup, whose unique North American hosting created an extraordinary demand environment not expected to recur in future periods, and is not necessarily indicative of the underlying run rate of our business).
- Relates to non-cash impairment charges related to our goodwill and certain indefinite-lived intangible assets triggered by the effects of recent declines in our financial performance, near-term outlook, and Class A common stock price, among other factors.
- The decrease resulted entirely from the effects of declines in our financial performance, near-term outlook, and Class A common stock price, among other factors, during the nine months ended September 30, 2025 that resulted in a reduction of the fair values of our goodwill and certain indefinite-lived intangible assets.
- As of June 30, 2025, we determined that it was no longer probable that we will generate sufficient future taxable income to support a significant amount of the balance of the TRA liability previously recorded.
- Based upon the results of that assessment, if the carrying value of our goodwill exceeds its fair value, (i) the recorded goodwill will be written down and (ii) a non-cash impairment expense will be recorded in the Consolidated Statements of Operations.
- If near-term profitability trends, or our long-term profitability outlook, decline below our expectations, it is possible that an interim assessment, or a future annual assessment, could result in an additional impairment of our goodwill.
- Based upon the results of that assessment, if the carrying value of our indefinite-lived intangible assets exceeds their fair value, a non-cash impairment expense will be recorded in the Consolidated Statements of Operations.
Vivid Seats' latest quarter
Vivid Seats, Q3 2026: revenue $98.2M (-6% year over year), operating margin -17.7%, net loss $17.4M, operating cash flow −$77.3M. The chart follows the revenue to costs, profit and cash.
Questions
Did Vivid Seats raise or lower its guidance?
Vivid Seats (SEAT) raised its guidance on Nov 9, 2026: EBITDA $34.0M–$40.0M for the year ending Dec 31, 2026.
What does Vivid Seats expect?
The increase resulted primarily from an increase in average order size (which increase was primarily driven by the 2026 FIFA World Cup, whose unique North American hosting created an extraordinary demand environment not expected to recur in future periods, and is not necessarily indicative of the underlying run rate of our business). Relates to non-cash impairment charges related to our goodwill and certain indefinite-lived intangible assets triggered by the effects of recent declines in our financial performance, near-term outlook, and Class A common stock price, among other factors. The decr
Updated Nov 9, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.