Eventbrite ( (EB) ) has released its Q4 earnings. Here is a breakdown of the information Eventbrite presented to its investors.
Eventbrite is a global marketplace for shared experiences, facilitating event creation and attendance across nearly 180 countries. The company, known for its innovative approach in the experience economy, distributed 270 million tickets in 2024.
Eventbrite’s fourth-quarter 2024 financial results reveal a revenue of $76.5 million, aligning with the higher end of its forecast. The company reported a net loss of $8.4 million, but its strategic focus on ticketing growth and consumer experience enhancements showed promising results, with a notable increase in consumer reach and ticket volume.
Key financial metrics from the quarter include a 13% year-over-year decline in net revenue and a gross margin of 68.2%. Despite a net loss margin of 11%, Eventbrite achieved an adjusted EBITDA of $6.5 million, reflecting a margin of 8.5%. The company also saw a 2% growth in total ticket volume, with paid ticket volume showing signs of recovery.
Looking forward, Eventbrite anticipates a transition year in 2025, with expectations of continued recovery in ticketing trends and growth in Eventbrite Ads. The company projects full-year net revenue between $295 million and $310 million, with an adjusted EBITDA margin in the mid-single digits, despite the revenue headwind from the elimination of organizer fees.