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Eventbrite Inc (EB)
NYSE:EB
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Eventbrite
(NYSE:EB)
53Neutral
Positive Factors
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 and Financial Performance
Fourth quarter revenue of $76.5 million was at the high end of the guidance range.
Website and Branding Refresh
Eventbrite experienced an increase in traffic flow as the company underwent a website and logo refresh.
Negative Factors
Paid Ticket Volumes
Eventbrite faces pressure from declining paid ticket volumes given a smaller creator base.
Revenue Challenges
The removal of the high-margin organizer fee is expected to drive compression in Adj. EBITDA margin.
Transition Challenges
2025 is likely to be a transition year with depressed top-line growth and lower margins.
Eventbrite (EB) vs. S&P 500 (SPY)
Market Cap
$208.18M
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue Growth-0.33%
EPS Growth38.78%
CountryUS
Employees748
SectorTechnology
Sector Strength55
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.16
Shares Outstanding78,982,414
10 Day Avg. Volume1,233,210
30 Day Avg. Volume1,144,760
Financial Highlights & Ratios
PEG RatioN/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 Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$4.63Price Target Upside114.35% Upside
Rating ConsensusHold
Number of Analyst Covering5
Eventbrite Business Overview & Revenue Model
Company DescriptionEventbrite, Inc. operates a self-service ticketing and experience technology platform that serves event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc. in 2009. Eventbrite, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
How the Company Makes MoneyEventbrite 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.55
Neutral
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.60
Neutral
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.65
Positive
| 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
Negative
2.16
Price Trends
2.58
Negative
3.06
Negative
3.30
Negative
Market Momentum
-0.12
Negative
44.92
Neutral
85.17
Negative
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 2.16 is above the 20-day moving average (MA) of 2.14, below the 50-day MA of 2.58, and below the 200-day MA of 3.30, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 85.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EB.
Eventbrite Risk Analysis
Eventbrite disclosed 59 risk factors in its most recent earnings report. Eventbrite reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eventbrite Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $217.86M | ― | -12.48% | ― | 10.05% | -213.69% | |
58 Neutral | $11.04B | 9.83 | -6.56% | 3.16% | 7.59% | -10.43% | |
58 Neutral | $143.98M | 27.41 | 10.44% | ― | 2.49% | 71.12% | |
56 Neutral | $231.63M | 2.74 | 35.11% | 2.28% | 3828.94% | 129.01% | |
53 Neutral | $208.18M | ― | -8.60% | ― | -0.33% | 38.78% | |
51 Neutral | $197.66M | ― | -24.82% | ― | -9.55% | 12.28% | |
49 Neutral | $140.57M | ― | -10.65% | ― | -26.16% | 2.89% |
* Technology Sector Average
Performance Comparison
EB
Eventbrite
2.16
-2.99
-58.06%
IMMR
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7.29
0.51
7.52%
CCRD
CoreCard
18.52
5.64
43.79%
SSTI
SoundThinking Inc
16.02
2.71
20.36%
ONTF
ON24
4.60
-2.12
-31.55%
SMRT
SmartRent
0.72
-1.74
-70.73%
Eventbrite Earnings Call Summary
Earnings Call Date: Feb 27, 2025 | % Change Since: -30.32% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong performances in specific areas such as Eventbrite Ads and improvements in ticketing trends, but these were tempered by overall revenue declines and challenges in marketplace revenue. The strategic changes are showing early signs of success, yet the financial outlook for 2025 is conservative due to structural changes.Highlights
Strong Q4 Revenue Performance
Eventbrite reported $76.5 million in revenue for Q4 2024, which was at the upper end of their outlook range. Adjusted EBITDA was $6.5 million, exceeding the 10% margin target for the fiscal year.
Improved Ticketing Trends
Total ticketing volume returned to growth, up 2% year-over-year in Q4, with free ticket volume growing by 8%.
Eventbrite Ads Revenue Growth
Eventbrite Ads revenue grew 35% in Q4 and 83% for the full year, with creators using ads selling 4 times more tickets than those who did not.
Successful Strategic Initiatives
The elimination of organizer side listing fees in September led to steady improvements in creator acquisition, event volume, and ticket transactions.
Lowlights
Revenue Decline in Q4
Q4 revenue was down 13% year-over-year, primarily due to a 10% decline in ticketing revenue and a 35% decline in marketplace revenue.
Marketplace Revenue Challenges
Marketplace revenue declined 35% to $6 million, mainly due to the loss of organizer fees.
Headwinds from Pricing Model Changes
The removal of organizer fees is expected to result in a $20 million revenue headwind for 2025 compared to 2024.
Lower Revenue Guidance for 2025
Eventbrite is guiding to a lower revenue range for 2025, which may appear negative at first glance but is attributed to structural revenue mix changes.
Company Guidance
During the Eventbrite, Inc. Fourth Quarter 2024 Earnings Conference Call, the company reported $76.5 million in revenue, which was at the upper end of their outlook range, and $6.5 million in adjusted EBITDA, surpassing their 10% margin target for the fiscal year. Total ticketing volume saw a year-over-year growth of 2% in Q4, with free ticket volume increasing by 8% and paid ticketing trends improving sequentially from Q3 to Q4. Eventbrite Ads also showed robust growth, with revenue increasing by 35% in Q4 and 83% for the full year, as creators using ads sold four times more tickets than those who did not. For 2025, the company anticipates a revenue range of $295 million to $310 million, reflecting a shift in structural revenue mix due to the elimination of organizer fees, which presents a $20 million revenue headwind compared to 2024. Adjusted EBITDA margin for 2025 is expected to be in the mid-single digits, with a focus on expanding consumer reach, deepening creator engagement, and strengthening marketplace monetization.Eventbrite Corporate Events
Executive/Board Changes
Eventbrite Announces General Counsel Leadership Transition
Neutral
Apr 10, 2025
On April 8, 2025, Eventbrite announced the resignation of Julia Taylor, its General Counsel, effective May 2, 2025. Lisa Gorman, the current Vice President and Deputy General Counsel, will assume the role of General Counsel on the same date, indicating a smooth transition in the company’s legal leadership.
Spark’s Take on EB Stock
According to Spark, TipRanks’ AI Analyst, EB is a Neutral.
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.
To see Spark’s full report on EB stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.