Vivid Seats Analysts Cut Their Forecasts After Q4 Loss

Vivid Seats Inc. (NASDAQ: SEAT) reported a fourth-quarter net loss of $428.7 million, slightly worse than the $424.2 million loss from the previous year, while revenues fell 37% year-over-year to $126.8 million. Following the earnings announcement, several analysts adjusted their price targets downwards, with Benchmark lowering it from $18 to $10, RBC Capital from $12 to $8, and Morgan Stanley from $9 to $7. Despite the losses, Vivid Seats shares rose 4.4% to close at $5.90.