Eventbrite (EB) AI Stock Analysis

• Market Cap: $206.29M
• Dividend Yield: N/A
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: -0.33%
• EPS Growth: 38.78%
• Country: US
• Employees: 748
• Sector: Technology
• Sector Strength: 44
• Industry: Software - Application
• EPS (TTM): -0.16
• Shares Outstanding: 78,982,414
• 10 Day Avg. Volume: 835,565
• 30 Day Avg. Volume: 1,221,710
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.67
• Price to Cash Flow (P/CF): -1.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $4.63
• Price Target Upside: 119.43% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

Eventbrite's overall stock score is 53, reflecting a mixed financial profile with notable challenges. The company's robust cash position and strong gross profit margin are positive factors, but ongoing profitability issues and high leverage create financial risk. Technically, the stock is in a bearish phase with weak momentum indicators. Valuation metrics further reflect underlying profitability issues. While strategic initiatives show potential, the conservative guidance for 2025 adds caution.

Positive Factors

Partnerships and Strategy

The change in pricing strategy along with the partnership with TikTok has led to event listings, user traffic, and ticket volume rising.

Product Innovation

New features such as Timed Entry tickets and Stripe Point of Sale show good traction, with thousands of creators adopting these since their launch.

Revenue Growth

Fourth quarter revenue of $76.5 million was at the high end of the guidance range.

Negative Factors

Creator Base

Declining paid ticket volumes given what remains a smaller creator base today.

Financial Performance

The reduced level of adjusted EBITDA gives EB little room to generate free cash flow like it did in 2024, creating concern about the Company's ability to deliver after two previous years of transition failures.

Revenue Challenges

There is a near-term headwind given no organizer fee revenue relative to the prior year period.

Eventbrite Business Overview & Revenue Model

Company Description

Eventbrite (EB) is a leading global self-service ticketing platform that allows users to create, share, and find live events. Operating in the technology and entertainment sectors, Eventbrite provides an easy-to-use platform for event organizers to plan, promote, and sell tickets to events of any size. The platform caters to a diverse range of events, including music festivals, marathons, conferences, and community gatherings, offering tools for ticket sales, event management, promotion, and data insights.

How the Company Makes Money

Eventbrite makes money primarily through service fees charged on tickets sold via its platform. When an event organizer sells tickets through Eventbrite, the company takes a percentage of the ticket price as a service fee, which typically includes a per-ticket fee and a percentage of the total ticket cost. In addition to these fees, Eventbrite offers premium packages and additional services for event organizers seeking enhanced features such as custom branding, analytics, and marketing tools. The company also benefits from strategic partnerships with payment processors and other service providers to streamline the ticket purchase process. While the majority of its revenue is generated from ticketing services, Eventbrite also explores opportunities to expand its offerings through partnerships and integrations within the broader event management ecosystem.

Eventbrite Financial Statement Overview

Summary

Eventbrite's financial performance shows moderate stability with challenges in profitability. The company maintains a robust cash position and healthy gross profit margin, yet struggles with achieving profitability, as reflected in negative net income and EBIT margins. The balance sheet reflects moderate leverage with a reliance on debt. Continued focus on improving revenue and achieving operational profitability is crucial for future financial stability.

Income Statement

Eventbrite's financial performance shows moderate stability with challenges in profitability. The company has seen some revenue growth over the years, particularly from 2020 to 2022, but this growth has stalled recently. Gross profit margin is healthy at 69.68% for 2024, indicating efficient cost management. However, the net profit margin is negative at -4.79%, reflecting ongoing profitability challenges. EBIT and EBITDA margins are also negative, highlighting difficulties in achieving positive operational earnings.

Balance Sheet

Eventbrite's balance sheet demonstrates some strengths and weaknesses. The debt-to-equity ratio is 1.43 for 2024, which indicates moderate leverage but potential risk if income does not improve. The equity ratio stands at 22.62%, suggesting a lower proportion of equity financing. Despite these leverage concerns, the company maintains a positive cash position with net debt at -$173 million, evidencing effective cash management.

Cash Flow

The cash flow position of Eventbrite reflects solid management of cash operations despite profitability challenges. Operating cash flow to net income ratio is positive, showing that operating activities generate cash despite net losses. Free cash flow has shown significant improvement over the years, with a growth in free cash flow from the previous year, indicating better cash generation capabilities.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
325.07M	326.13M	260.93M	187.13M	106.01M
	Gross Profit
226.56M	223.00M	170.18M	116.84M	43.68M
	EBIT
-30.79M	-41.13M	-46.74M	-67.78M	-198.28M
	EBITDA
10.48M	1.44M	-27.94M	-99.85M	-177.60M
	Net Income Common Stockholders
-15.57M	-26.48M	-55.38M	-139.08M	-224.72M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
416.53M	642.95M	623.52M	634.38M	505.76M
	Total Assets
752.30M	913.33M	895.38M	902.98M	795.68M
	Total Debt
243.17M	360.96M	361.74M	366.39M	223.09M
	Net Debt
-173.36M	-128.24M	-177.56M	-267.99M	-282.67M
	Total Liabilities
582.07M	721.57M	728.82M	733.08M	480.11M
	Stockholders Equity
170.23M	191.76M	166.56M	169.90M	315.57M
Cash Flow		Free Cash Flow
34.97M	11.85M	4.16M	76.55M	-163.17M
	Operating Cash Flow
35.57M	19.02M	8.61M	79.08M	-156.89M
	Investing Cash Flow
123.92M	-69.33M	-89.50M	-2.53M	-12.66M
	Financing Cash Flow
-177.47M	-4.91M	-2.08M	51.18M	255.04M

Eventbrite Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EB, the sentiment is Negative. The current price of 2.11 is below the 20-day moving average (MA) of 2.31, below the 50-day MA of 2.91, and below the 200-day MA of 3.47, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 27.53 is Positive, neither overbought nor oversold. The STOCH value of 22.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EB.

Eventbrite Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DIS	76 Outperform	$177.29B	31.84	5.54%	0.97%	3.97%	89.53%
IMAX	71 Outperform	$1.39B	54.63	9.10%	―	-6.04%	6.43%
MTN	71 Outperform	$6.03B	23.67	38.12%	5.50%	3.57%	13.75%
LYV	68 Neutral	$28.90B	46.08	827.53%	―	1.79%	99.46%
Sector *	57 Neutral	$20.97B	10.32	-14.01%	2.49%	4.46%	-23.38%
EB	53 Neutral	$206.29M	―	-8.60%	―	-0.33%	38.78%
AMC	50 Neutral	$1.24B	―	20.03%	―	-3.64%	48.94%