Filing Flows › Vivid Seats (SEAT) › Q1 2026
Vivid Seats (SEAT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Vivid Seats (SEAT) reported revenue of $97.5M for the first quarter 2026 (Q1 2026), -27% from a year earlier and 0% from the quarter before. Operating margin was -15.0%, net loss $14.6M (15.0% of revenue).
Vivid Seats, Q1 2026: revenue $97.5M (-27% year over year), operating margin -15.0%, net loss $14.6M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $97.5M | 0% | -27% |
| Operating profit | −$14.6M | — | — |
| Net earnings | −$14.6M | — | — |
| Operating cash flow | $46.0M | — | — |
| Free cash flow | $46.0M | — | — |
What changed
Revenue was $97.5M in Q1 2026, down 27% year over year and roughly flat from the previous quarter. Concerts was the largest line at 45% of revenue. Concerts lost $14.6M year over year (down 25%), 40% of the total change.
Operating costs exceeded revenue by $14.6M, an operating margin of -15.0%. Total costs fell 22% while revenue fell 27%. The quarter ended with a net loss of $14.6M, narrower than the previous quarter's $428.7M loss. Minority interests bore $14.6M of it: to shareholders the quarter was a profit of $0K.
Operating cash flow was $46.0M. Non-cash charges added back $12.3M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $43.9M. Capital expenditures of $23K left free cash flow of $46.0M.
Questions
What was Vivid Seats' revenue in the first quarter 2026?
Vivid Seats (SEAT) reported revenue of $97.5M for the first quarter 2026 (Q1 2026), -27% from a year earlier and 0% from the quarter before.
Was Vivid Seats profitable in the first quarter 2026?
Operating loss was $14.6M (-15.0% of revenue) and net loss $14.6M.
Source: Vivid Seats 10-Q on SEC EDGAR.