# Vivid Seats Q3 2026 Earnings Results

> Vivid Seats reports Q3 growth with debt reduction plan and app-focused strategy.
- Title: Vivid Seats Q3 2026 Earnings Results · The Motley Fool
- Summary: Vivid Seats reports Q3 growth with debt reduction plan and app-focused strategy.
- Keywords: vivid seats, seat, q3 2026, earnings call, marketplace gov, adjusted ebitda, debt recapitalization, app strategy, skybox platform, private label, The Motley Fool
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/11/09/vivid-seats-seat-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-11-09T20:54:42+00:00
- Read time: 1 min
- Topics: vivid seats, seat, q3 2026, earnings call, marketplace gov, adjusted ebitda, debt recapitalization, app strategy, skybox platform, private label, finance, money
## Q3 Results
Vivid Seats reported $624 million Marketplace GOV, up from $618 million in Q3 2025.
## Adjusted EBITDA Growth
Adjusted EBITDA rose 81% year-over-year to $9 million from $5 million.
## Debt Recapitalization
Company agreed to $200 million debt reduction through debt for equity exchange.
## New Capital
New term loans provide $60 million liquidity for strategic initiatives.
## Marketing Efficiency
Marketing and selling expenses decreased 11% year-over-year to $50 million.
## General Expenses
General and administrative expenses dropped to $34.4 million from $45.2 million.
## Marketplace Orders
Marketplace orders fell to 1.9 million from 2.1 million in Q3 2025.
## Resale Orders
Resale orders declined to 97,000 from 115,000 in prior year period.
## Revenue
Revenue reached $126.9 million compared to $136.4 million in Q3 2025.
## Net Loss
Net loss improved to $17.4 million from $19.7 million in prior year.
## Full-Year Guidance
Full-year GOV guidance reaffirmed at $2.3 billion to $2.6 billion.
## Full-Year EBITDA
Full-year adjusted EBITDA guidance maintained at $34 million to $40 million.
## World Cup Impact
World Cup generated $2 million EBITDA impact in July.
## MLB Exposure
MLB GOV exposure at 5% to 6% with potential labor disruptions.
## Cash Balance
Cash and cash equivalents dropped to $44.8 million from $102.7 million.
## Event Cancellations
Event cancellations caused $10.2 million negative impact on Marketplace GOV.
## Interest Expense
Interest expense increased to $7.1 million from $6.1 million.
## Total Liabilities
Total liabilities at $689.1 million including $381.0 million long-term debt.
## App Strategy
Company targets friction-free transactions with one-step checkout process.
## Loyalty Program
Refreshed loyalty program scheduled for Q1 2027 to improve customer retention.
## Key takeaway

Vivid Seats achieved $624 million Marketplace GOV and $9 million adjusted EBITDA in Q3 2026, with a $200 million debt reduction plan and new app features.