Overview

* Vivid Seats ( SEAT ) Q2 revenue drops 28% yr/yr, missing analyst expectations

* Adjusted EBITDA for Q2 misses estimates amid challenging industry conditions

* Company identifies $25 mln annualized cost savings program by end of 2025

Outlook

* Vivid Seats ( SEAT ) did not provide full-year 2025 guidance

* Company expects $25 mln annualized cost savings by end of 2025

* Vivid Seats ( SEAT ) anticipates positive cash flow in Q3 due to seasonality

* Company sees live events as long-term opportunity despite near-term pressures

Result Drivers

* CONSUMER SPENDING PRESSURE - CEO Stan Chia cites pressure on consumer spending as a key challenge impacting Q2 results

* COMPETITIVE MARKETING - Competitive intensity in performance marketing channels persists, affecting growth, per CEO

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $143.60 $152 mln

Revenue mln (10

Analysts

)

Q2 Net -$263.30

Income mln

Q2 Miss $14.40 $15.80

Adjusted mln mln (10

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and 1 "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 ( SEAT ) is $2.75, about 52.2% above its August 4 closing price of $1.32

Press Release:

(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.)