Vivid Seats Q3 revenue falls to $126.9M as loss narrows

Vivid Seats (NASDAQ:SEAT) reported third-quarter 2026 revenue of US$126.9 million, down 7% year-over-year, while its net loss narrowed to US$17.4 million.

Marketplace gross order value increased to US$624 million from US$618.1 million a year earlier, while adjusted EBITDA, a non-GAAP measure, rose to US$8.9 million from US$4.9 million.

The company also reached an agreement in principle on a proposed recapitalization that would restructure its existing debt and provide additional financing.

The proposed transaction includes US$60 million in new term loans, conversion of existing debt into equity, approximately US$200 million in funded debt reduction and extended maturities for remaining debt, with definitive documentation still pending.

Following the announcement, the Vivid Seats share-price direction and trading price were not specified in the available financial results.

Vivid Seats maintained its 2026 guidance for marketplace gross order value of US$2.3 billion–US$2.6 billion and adjusted EBITDA of US$34 million–US$40 million.

The company ended the reporting period with US$44.764 million in cash and cash equivalents, compared with US$102.702 million at December 31, 2025, as it continued operating its ticket marketplace for live entertainment events.