Reading the tape
NASDAQ: SEAT
Vivid Seats Inc.
Communication Services · Internet Content & Information
Market Cap
$50.98M
52w High
$45.10
52w Low
$5.06
P/E
-0.17
Volume
170.41K
Outstanding Shares
7.25M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationHigh confidence
1Y Price: -87.99%Revenue (TTM): -28.88%FCF (TTM): -10.94%P/E: 0th pct
What changed
The stock fell 87.99% over the last year. Revenue declined 28.88% over the trailing twelve months. Operating margin moved from 2.3% to -8.69%. Free cash flow declined 10.94% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/E, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at -8.69%. Revenue declined 28.88% — this read reverses if that trend stabilizes. Free cash flow fell 10.94% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Vivid Seats Inc. operates as an online secondary marketplace for tickets in the United States and Canada.
CEOLawrence C. Fey
SectorCommunication Services
IndustryInternet Content & Information
Employees768
IPO dateOct 20, 2021
Valuation
Forward P/E—
EV/EBITDA-3.30
Enterprise value-$30.03M
Stock splits
Aug 6, 2025↓ Reverse
Every 20 shares became 1
Profitability & growth
Revenue growth-23.31%
Gross margin59.16%▼17.59%vs FY2024
Operating margin-8.69%▼234.50%vs FY2024
ROE504.29%▲13871.13%vs FY2024
Analyst consensus
RatingBuy
Target price$8.61▲22.48%
6
Buy
6
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est -$1.05 · Revenue est $124.55M
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