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Online ticket marketplace Vivid Seats' Q3 revenue beats estimates; to reduce debt

By Reuters News


Overview

  • U.S. ticket marketplace's Q3 revenue slightly beat analyst expectations

  • Adjusted EBITDA for Q3 rose and beat analyst estimates

  • Company reached agreement in principle for recapitalization to reduce debt by $200 mln


Outlook

  • Vivid Seats expects 2026 Marketplace GOV between $2.3 bln and $2.6 bln

  • Company sees 2026 adjusted EBITDA in the range of $34 mln to $40 mln


Result Drivers

  • EVENT CANCELLATIONS - Company said event cancellations negatively impacted Marketplace GOV by $10.2 mln in Q3, down from $11.4 mln a year earlier

  • LOWER MARKETPLACE ORDERS - Marketplace orders declined to 1,876 in Q3 from 2,101 a year earlier, reflecting fewer transactions on the platform


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$126.90 mln

$126.11 mln (7 Analysts)

Q3 Net Loss

$17.40 mln

Q3 Adjusted EBITDA

Beat

$8.90 mln

$7.37 mln (7 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the online services peer group is "buy."

  • Wall Street's median 12-month price target for Vivid Seats Inc is $12.00, about 474.2% above its November 6 closing price of $2.09


Reuters Recommended Reads

  • Nov 6 - Airbnb rises on upbeat outlook, bucking broader industry caution

  • Nov 6 - Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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