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Eventbrite Inc (EB)
NYSE:EB
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.05Last Year’s EPS
-$0.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 5.56%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive and negative trends. While revenue exceeded expectations and strategic initiatives showed early success, challenges such as a decline in ticketing revenue and paid creators indicate areas needing attention. The introduction of new leadership and partnerships suggests confidence in future growth.Company Guidance
In the third quarter of 2024, Eventbrite reported revenue of $77.8 million, exceeding their anticipated range of $74 million to $77 million. However, ticketing revenue saw an 11% decline year-over-year, partly offset by a doubling in organizer fees and Eventbrite ads. The total number of paid creators decreased by 12% to 163,000, while the average ticket price rose by 3% to $40.30, resulting in a revenue take rate of 9.8%. Gross profit was $53.3 million, with a gross margin of 68.5%, and operating expenses totaled $62.2 million, including $5.4 million in reduction in force costs. The company reported a net loss of $3.8 million, down from $9.9 million the previous year. Adjusted EBITDA was $5.3 million, or $10.8 million excluding severance costs. Cash and cash equivalents were $531 million, and Eventbrite repurchased $120 million in convertible notes, reducing long-term debt to $240 million. Looking ahead, the company expects fourth-quarter revenue to range between $74 million and $77 million, aiming for a full-year adjusted EBITDA margin of approximately 10% after adjusting for nonroutine items.Revenue Exceeds Expectations
Eventbrite delivered revenue of $77.8 million in Q3 2024, exceeding the outlook range of $74 million to $77 million.
Successful New Initiatives
The new free tier launched in September led to a positive trend in creator acquisition, event volume, and ticket transactions.
Strong Consumer Engagement
Monthly active users increased by 20%, and there was a 20% increase in local event searches.
Strategic Partnerships
The TikTok partnership has shown stable daily impressions, enhancing reach to younger audiences.
Leadership Enhancement
Anand Gandhi was appointed as the new CFO, bringing valuable experience from Viator and other companies.
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EB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.42 | $3.45 | +0.88% |
| Aug 08, 2024 | $3.80 | $3.14 | -17.37% |
| May 02, 2024 | $5.55 | $5.51 | -0.72% |
| Feb 27, 2024 | $8.32 | $5.80 | -30.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eventbrite Inc (EB) report earnings?
Eventbrite Inc (EB) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Eventbrite Inc (EB) earnings time?
Eventbrite Inc (EB) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EB EPS forecast?
EB EPS forecast for the fiscal quarter 2024 (Q4) is -$0.05.
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