Vivid Seats outlines $2.2B-$2.6B 2026 GOV target with expanded cost reductions and app strategy [Seeking Alpha]
Vivid Seats Inc. (SEAT)
Company Research
Source: Seeking Alpha
Lawrence Fey opened the call by announcing his appointment as Chief Executive Officer, succeeding Stan Chia, and highlighted a leadership transition with Ted Pickus named Interim CFO. Fey recognized the need for Quick Insights Vivid Seats is increasing cost reduction targets, focusing on app-based customer loyalty, launching a lowest price guarantee, and leveraging partnerships with ESPN and Disney to drive awareness and engagement amid competitive pressures and revenue declines. The company expects up to $180 million in lifetime tax savings, $1 million in annual reporting cost reductions, and a shift in annual cash income taxes; cost savings and reinvestments are reflected in 2026 guidance. Guidance is described as cautious and assumes flat industry volumes, pending key concert on-sales; outcomes may vary widely depending on competition and industry growth. Recommended For You More Trending News
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SEAT
Sec Filings
- 12/4/25 - Form 144
- 12/1/25 - Form 3
- 11/14/25 - Form 4
- SEAT's page on the SEC website