Filing Flows › Vivid Seats (SEAT) › Q4 2024
Vivid Seats (SEAT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 12, 2025
Vivid Seats (SEAT) reported revenue of $165M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and +8% from the quarter before. Operating margin was -5.3%, net loss $8.8M (5.3% of revenue).
Vivid Seats, Q4 2024: revenue $165M (-1% year over year), operating margin -5.3%, net loss $8.8M, operating cash flow $47.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $165M | +8% | -1% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | $47.8M | — | +45% |
| Free cash flow | $44.3M | — | +35% |
What changed
Revenue was $165.2M in Q4 2024, down 1% year over year and up 8% from the previous quarter. Concerts was the largest line at 40% of revenue.
Operating costs exceeded revenue by $8.8M, an operating margin of -5.3%. Total costs grew 50% against a revenue fall of 1%. The quarter ended with a net loss of $8.8M, after a profit of $10.6M the previous quarter.
Operating cash flow was $47.8M (up 45% year over year). Non-cash charges added back $12.6M of depreciation and amortization and $12.1M of share-based compensation. Working capital and other items added $31.8M. Capital expenditures of $3.5M left free cash flow of $44.3M.
Questions
What was Vivid Seats' revenue in the fourth quarter 2024?
Vivid Seats (SEAT) reported revenue of $165M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and +8% from the quarter before.
Was Vivid Seats profitable in the fourth quarter 2024?
Operating loss was $8.8M (-5.3% of revenue) and net loss $8.8M.
Source: Vivid Seats 10-K on SEC EDGAR.