Vivid Seats (SEATW) Cost of Revenue (2020 - 2025)
Vivid Seats' quarterly Cost of Revenue came in at $133.1 million in Q4 2025, up 279.06% year-on-year from $35.1 million in Q4 2024, and up 382.91% quarter-over-quarter from $27.6 million in Q3 2025.
Vivid Seats has reported Cost of Revenue for 6 years, with the latest figure at $133.1 million in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue rose 279.06% year-over-year to $133.1 million; the trailing twelve-month figure through Mar 2026 stood at $160.7 million (up 25.85% YoY), and the FY2025 full-year result was $208.5 million, changed N/A from the prior year.
- Cost of Revenue for Q4 2025 stood at $133.1 million, up from $27.6 million in the prior quarter.
- The five-year high for Cost of Revenue was $133.1 million in Q4 2025, with the low at -$101.4 million in Q4 2022.
- Average Cost of Revenue over 5 years is $25.4 million, with a median of $27.6 million recorded in 2025.
- Year-over-year, Cost of Revenue surged 7940.9% in 2021 and slumped 3678.06% in 2022.
- Tracing SEATW's Cost of Revenue over 5 years: stood at -$2.7 million in 2021, then tumbled by 3678.06% to -$101.4 million in 2022, then soared by 57.39% to -$43.2 million in 2023, then sank by 72.08% to -$74.4 million in 2024, then soared by 279.06% to $133.1 million in 2025.
- The last three Cost of Revenue figures came in at $133.1 million (Q4 2025), $27.6 million (Q3 2025), and $64.1 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 7.61 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 10.22 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 3.56 Bn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 151.47 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 103.80 Mn |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | 238.55 Mn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | 43.23 Bn |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | 239.01 Mn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 210.66 Mn |
| 10 | Vivid Seats | - | - | 97.53 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 133.14 Mn |
| Dec 31, 2025 | 133.14 Mn |
| Sep 30, 2025 | 27.57 Mn |
| Sep 30, 2025 | 27.57 Mn |
| Mar 31, 2025 | 64.11 Mn |
| Mar 31, 2025 | 64.11 Mn |
| Dec 31, 2024 | -74.36 Mn |
| Dec 31, 2024 | -74.36 Mn |
| Sep 30, 2024 | 67.84 Mn |
| Sep 30, 2024 | 67.84 Mn |
| Jun 30, 2024 | 70.11 Mn |
| Jun 30, 2024 | 70.11 Mn |
| Mar 31, 2024 | 61.90 Mn |
| Mar 31, 2024 | 61.90 Mn |
| Dec 31, 2023 | -43.21 Mn |
| Dec 31, 2023 | -43.21 Mn |
| Sep 30, 2023 | 50.46 Mn |
| Sep 30, 2023 | 50.46 Mn |
| Jun 30, 2023 | 65.19 Mn |
| Jun 30, 2023 | 65.19 Mn |
| Mar 31, 2023 | 54.77 Mn |
| Mar 31, 2023 | 54.77 Mn |
| Dec 31, 2022 | -101.40 Mn |
| Dec 31, 2022 | -101.40 Mn |
| Sep 30, 2022 | 19.67 Mn |
| Sep 30, 2022 | 19.67 Mn |
| Jun 30, 2022 | 18.55 Mn |
| Jun 30, 2022 | 18.55 Mn |
| Mar 31, 2022 | 15.76 Mn |
| Mar 31, 2022 | 15.76 Mn |
| Dec 31, 2021 | -2.68 Mn |
| Dec 31, 2021 | -2.68 Mn |
| Sep 30, 2021 | 30.48 Mn |
| Sep 30, 2021 | 30.48 Mn |
| Jun 30, 2021 | 19.99 Mn |
| Jun 30, 2021 | 19.99 Mn |
| Mar 31, 2021 | 3.93 Mn |
| Mar 31, 2021 | 3.93 Mn |
| Dec 31, 2020 | 12.19 Mn |
| Dec 31, 2020 | 12.19 Mn |
| Sep 30, 2020 | 379,000.00 |
| Sep 30, 2020 | 379,000.00 |