Vivid Seats Q1 revenue falls 23%, loss widens 49% amid demand slump and partner loss

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

• high

  Marketplace GOV declined 25% year-over-year to $612M (vs 20% prior year decline), driven by economic uncertainty affecting discretionary spending and intensifying competition in digital marketing channels.

  MD&A: Marketplace GOV decline verify on EDGAR →
• high

  Total revenues fell 23% to $125.8M while net loss widened 49% to $14.6M; Adjusted EBITDA collapsed 56% to $9.5M as marketing efficiency deteriorated (spend down 22% vs revenue down 27%).

  MD&A: Financial performance verify on EDGAR →
• high

  Private Label Offering revenues collapsed 64% to $8.8M following loss of a significant distribution partner; Vivid Picks ceased operations in July 2025, eliminating another revenue stream.

  MD&A: Revenue mix changes verify on EDGAR →