NYSE$SEAT
Vivid Seats Inc (Class A) · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Vivid Seats Inc reported a net loss for Q2 2025 driven by impairment charges.
Vivid Seats Inc recorded revenues of $143.6 million for the three months ended June 30, 2025, a 28% decline from the prior year. The company reported a net loss of $263.3 million, primarily due to $320.4 million in impairment charges on goodwill and intangible assets. Marketplace GOV totaled $685.5 million with adjusted EBITDA of $14.4 million.
- Revenues fell 28% year-over-year to $143.6 million amid lower Marketplace order volumes.
- Net loss reached $263.3 million after $320.4 million impairment charges.
- Marketplace contribution margin declined to $42.5 million from $74.8 million in Q2 2024.
- Adjusted EBITDA was $14.4 million, down from $44.2 million in the prior-year quarter.
Headline financials
Revenue & EPS history
Vivid Seats · Revenue · Quarterly
$114M
Revenue by segment
Vivid Seats · $144M total across 2 segments · Q2 2025
- Marketplace$114M—79.7%
- Resale$29.1M—20.3%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports
-6.2%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-5.7%
Avg return
30 days after
25%
5 / 20 earnings
Positive
+20.9%
Q1 2023
Best reaction
-37.5%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | -22.9% | — | — | |
| Q1 2026 | +11.9% | +40.8% | +40.8% | |
| Q4 2025 | -7.7% | +4.9% | -0.7% | |
| Q3 2025 | -10.4% | -18.7% | -35.9% | |
| Q1 2025 | -37.5% | -35.8% | -41.2% | |
| Q4 2024 | -23.1% | -28.9% | -24.9% | |
| Q3 2024 | -12.9% | -4.4% | -17.8% | |
| Q2 2024 | -11.4% | -12.9% | +10.7% | |
| Q1 2024 | -2.6% | +0.2% | -4.2% | |
| Q4 2023 | -13.6% | -6.4% | -4.9% | |
| Q3 2023 | +17.3% | +17.9% | +8.2% | |
| Q2 2023 | -3.1% | -2.5% | -8.0% | |
| Q1 2023 | +20.9% | +21.9% | -1.3% | |
| Q4 2022 | +10.3% | +7.3% | +19.9% | |
| Q3 2022 | -8.8% | -0.5% | -5.7% | |
| Q2 2022 | -1.1% | +10.6% | -0.3% | |
| Q1 2022 | -15.5% | -3.0% | -1.4% | |
| Q4 2021 | -11.5% | -5.1% | -13.0% | |
| Q3 2021 | -3.8% | -6.9% | -23.4% | |
| Q1 2021 | +0.8% | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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