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How Vivid Seats (SEAT) makes money

Vivid Seats (SEAT) made $104M of revenue in the second quarter 2026 (Q2 2026), -9% from a year earlier. Concerts brought in $42.4M (41%); Sports brought in $41.7M (40%); Theater brought in $15.9M (15%).

Drawing the Sankey…

Vivid Seats revenue by segment, Q2 2026Vivid Seats revenue by segment, Q2 2026Concerts$42.4MSports$41.7MTheater$15.9MOther$3.9M
Vivid Seats: revenue by line, Q4 2024 to Q2 2026Vivid Seats: revenue by line, Q4 2024 to Q2 2026ConcertsSportsTheaterOtherConcerts: $42.4M latest$42.4MSports: $41.7M latest$41.7MTheater: $15.9M latest$15.9MOther: $3.9M latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Theater went from 24% of revenue in Q4 2024 to 15% in Q2 2026, the largest shift in the mix.
Vivid Seats revenue by quarterVivid Seats revenue by quarter$165MQ4 2024$134MQ1 2025$114MQ2 2025$105MQ3 2025$97.5MQ4 2025$97.5MQ1 2026$104MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Concerts$42.4M40.8%-3%-16%
Sports$41.7M40.1%+41%+16%
Theater$15.9M15.3%-21%-33%
Other$3.9M3.7%-10%-11%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$104M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$104M-9%
Q1 2026$97.5M-27%
Q4 2025$97.5M-41%
Q3 2025$105M-31%
Q2 2025$114M-33%
Q1 2025$134M-16%
Q4 2024$165M-1%

From Vivid Seats' 10-Q filed Aug 4, 2026 (on EDGAR).

Questions

How does Vivid Seats make money?

Vivid Seats (SEAT) made $104M of revenue in the second quarter 2026 (Q2 2026), -9% from a year earlier. Concerts brought in $42.4M (41%); Sports brought in $41.7M (40%); Theater brought in $15.9M (15%).

What is Vivid Seats' biggest business?

Concerts: $42.4M in the second quarter 2026, 41% of revenue, -16% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.