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Vivid Seats (SEAT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Vivid Seats (SEAT) reported revenue of $98.2M for the third quarter 2026 (Q3 2026), -6% from a year earlier and -6% from the quarter before. Operating margin was -17.7%, net loss $17.4M (17.7% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $98.2M | -6% | -6% |
| Operating profit | −$17.4M | — | — |
| Net earnings | −$17.4M | — | — |
| Operating cash flow | −$77.3M | — | -15188% |
What changed
Revenue was $98.2M in Q3 2026, down 6% year over year and down 6% from the previous quarter. Concerts was the largest line at 40% of revenue. Theater lost $5.2M year over year (down 23%), 80% of the total change.
Operating costs exceeded revenue by $17.4M, an operating margin of -17.7%. Total costs fell 7% while revenue fell 6%. The quarter ended with a net loss of $17.4M, wider than the previous quarter's $14.3M loss. Minority interests bore $17.4M of it: to shareholders the quarter was a profit of $0K.
Operating cash flow was −$77.3M. Non-cash charges added back $12.3M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $76.8M. Capital expenditures of $12K exceeded it, leaving free cash flow of −$77.3M.
Questions
What was Vivid Seats' revenue in the third quarter 2026?
Vivid Seats (SEAT) reported revenue of $98.2M for the third quarter 2026 (Q3 2026), -6% from a year earlier and -6% from the quarter before.
Was Vivid Seats profitable in the third quarter 2026?
Operating loss was $17.4M (-17.7% of revenue) and net loss $17.4M.
Source: Vivid Seats 10-Q on SEC EDGAR.