Full-Time
Posted on 10/4/2025
Online secondary-ticket marketplace for live-event tickets
$150k/yr
Chicago, IL, USA
Hybrid
Hybrid Schedule: 3 days in office, 2 days remote.
Vivid Seats operates an online marketplace for secondary tickets to live events, connecting buyers and sellers. Sellers list tickets on the platform; buyers browse listings, choose tickets by quantity, price, or seat location, and complete purchases. The company earns revenue by charging a service fee on each transaction paid by the buyer, and tickets are delivered electronically. It differentiates itself with a user-friendly mobile app, strong customer service, and guaranteed tickets to ensure buyers receive valid tickets on time, adding trust in a competitive market. The goal is to provide a reliable, convenient platform for buying and selling live event tickets with secure delivery and support.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2001
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Hybrid Work Options
Vivid Seats reported fourth quarter 2025 results and outlined a strategic reset focused on product innovation, cost discipline and leadership changes. The company named Joe Thomas as CFO in January and Austin Arnett as General Counsel in December. Management achieved $60 million in annualised cost savings across marketing, G&A and stock-based compensation. The company also terminated its Tax Receivable Agreement and collapsed its dual-class share structure to reduce complexity. Fourth quarter marketplace gross order value fell to $581 million from $994 million year-over-year, pressured by industry-wide volume declines and the loss of a large private label customer in early Q3 2025. Vivid Seats launched a ChatGPT app to improve event discovery and capture consumer intent in real-time.
Vivid Seats, a US ticket marketplace, reported fourth quarter revenues of $126.8 million, down 37% from $199.8 million in Q4 2024. Marketplace gross order value fell 42% to $580.6 million. The company posted a net loss of $428.7 million, compared with a $4.4 million loss the previous year. For full year 2025, revenues declined 26% to $570.8 million, whilst marketplace GOV dropped 31% to $2,704.6 million. The company recorded a net loss of $721.5 million, versus net income of $14.3 million in 2024. Adjusted EBITDA fell to $41.8 million from $151.4 million. Chief executive Lawrence Fey cited improved momentum from enhanced app features and cost reduction initiatives. The company provided Q1 2026 guidance and reaffirmed its full-year outlook.
Ticketmaster competes with StubHub, SeatGeek, Vivid Seats, and numerous others and is in no way the leading secondary ticket seller, as the Senators' letter suggests.
Ticketmaster competes with StubHub, SeatGeek, Vivid Seats and numerous others and is in no way the leading secondary ticket seller, as the Senators' letter suggests.
As part of the agreement, MGM Resorts will collaborate with Vivid Seats, the tournament's Official Ticketing Provider and JSX, its Official Air Carrier, to offer fans exclusive travel-and-ticket packages combining, stays at MGM Resorts destinations with premium seating and VIP experiences.