Eventbrite(EB)

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Top 4 Tech And Telecom Stocks That May Explode This Month - Entravision Comms (NYSE:EVC), Eventbrite (NYSE:EB)
Benzinga· 2024-03-13 12:23
Loading...Loading...The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here’s the latest ...
Eventbrite(EB) - 2023 Q4 - Earnings Call Transcript
2024-02-28 02:22
Eventbrite, Inc. (NYSE:EB) Q4 2023 Results Conference Call February 27, 2024 5:00 PM ET Company Participants Katherine Chen - Head, IR Julia Hartz - Co-Founder, CEO Lanny Baker - CFO Conference Call Participants Naved Khan - B. Riley Securities Youssef Squali - Truist Securities Sergio Segura - KeyBanc Dae Lee - JPMorgan Cameron Mansson-Perrone - Morgan Stanley Hamed Khorsand - BWS Financial Katherine Chen Good afternoon, and welcome to Eventbrite's Fourth Quarter 2023 Earnings Call. My name is Katherine Ch ...
Eventbrite(EB) - 2023 Q4 - Annual Report
2024-02-26 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K ____________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or Commission File Number: 001-38658 _______________________________________________________________________________ EVENTBRITE ...
Eventbrite(EB) - 2023 Q4 - Annual Results
2024-02-26 16:00
Eventbrite Reports Fourth Quarter and Fiscal Year 2023 Financial Results Fourth quarter net revenue of $87.8 million grew 23% year-over-year and fiscal year 2023 net revenue grew 25% to $326.1 million Marketplace revenue from non-ticketing sources exceeded 10% of net revenue in the fourth quarter SAN FRANCISCO -- (BUSINESS WIRE) -- Eventbrite, Inc. (NYSE: EB), a global events marketplace, reported its financial results for the fourth quarter and full year ended December 31, 2023. The Fourth Quarter 2023 Sha ...
Event Management Platform Eventbrite Adds Instant Payouts, Tap to Pay
PYMNTS· 2024-01-16 20:45
Eventbrite has added Instant Payouts and Tap to Pay to its event management and ticketing platform.These features aim to provide event organizers with enhanced financial flexibility and operational efficiency, the company said in a Tuesday (Jan. 16) press release.Instant Payouts and Tap to Pay are currently being rolled out to eligible organizers in the United States and are expected to be fully available nationwide in the coming weeks, according to the release. The company plans to make them available glob ...
Eventbrite(EB) - 2023 Q3 - Earnings Call Transcript
2023-11-02 01:14
Eventbrite, Inc. (NYSE:EB) Q3 2023 Results Conference Call November 1, 2023 5:00 PM ET Company Participants Katherine Chen - Head, IR Julia Hartz - Co-Founder, CEO Lanny Baker - CFO Conference Call Participants Justin Patterson - KeyBanc Cameron Mansson-Perrone - Morgan Stanley Katherine Chen Good afternoon, and welcome to Eventbrite's Third Quarter 2023 Earnings Call. Prior to this call, we released our shareholder letter announcing our financial results, which can be found on our website at investor.event ...
Eventbrite(EB) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
FORM 10-Q ____________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-38658 _______________________________________________________________________________ EVENTBRITE, INC. Table of Conte ...
Eventbrite(EB) - 2023 Q2 - Earnings Call Transcript
2023-08-04 01:10
Eventbrite, Inc. (NYSE:EB) Q2 2023 Results Conference Call August 3, 2023 5:00 PM ET Company Participants Katherine Chen - Head of Investor Relations Julia Hartz - Co-Founder and Chief Executive Officer Lanny Baker - Chief Financial Officer Conference Call Participants Justin Patterson - KeyBanc Matt Farrell - Piper Sandler Cameron Mansson-Perrone - Morgan Stanley Operator Good afternoon and thank you for standing by, welcome to Eventbrite Second Quarter Fiscal Year 2023 Earnings Conference Call. At this ti ...
Eventbrite(EB) - 2023 Q2 - Quarterly Report
2023-08-02 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-Q ____________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fro ...
Eventbrite(EB) - 2023 Q1 - Earnings Call Transcript
2023-05-10 03:18
Financial Data and Key Metrics Changes - Revenue for Q1 2023 was $77.9 million, exceeding the high end of the outlook range, driven by strong consumer demand and improved monetization, representing a 39% year-over-year increase, the highest quarterly level in three years [10][93] - Adjusted EBITDA was $10 million, representing a margin of 13%, compared to breakeven in Q1 2022, marking the seventh consecutive quarter of positive adjusted EBITDA [85][111] - Gross margins reached 66%, with expectations to move into the upper 60% range as ticket volume grows [12][111] Business Line Data and Key Metrics Changes - Revenue from Boost and Ads tripled year-over-year, contributing significantly to overall revenue growth [5][100] - Total paid events reached 533,000, growing 21% year-over-year, with paid tickets per event averaging 44, up from 41 in the same quarter last year [88] - Average ticket price was just over $39, down slightly from a year ago, while gross ticket sales were $906 million, up 26% year-over-year [38][88] Market Data and Key Metrics Changes - Consumer growth in Q1 was 17%, which was 10 points higher than the average growth in 2022 [94] - Monthly active users on the mobile app reached an all-time high of 20 million, indicating strong consumer engagement [124] - Total paid ticket volume was $23.2 million, up 28% year-over-year, with growth of 24% in the United States and 36% outside the US [88] Company Strategy and Development Direction - The company is focused on enhancing its marketplace strategy and improving product experience to drive demand for live events [95][111] - A restructuring plan aims to increase efficiency in core ticketing operations and free up $13 million to $14 million in annual operating costs for reinvestment [14][111] - The competitive landscape is described as fragmented, with the company leveraging its strengths in SEO and creator confidence to capture market share [20][121] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the first quarter's performance and raised the full-year revenue outlook to a range of $317 million to $330 million, reflecting a 24% growth rate at the midpoint [15][18] - The company anticipates that the one-time costs associated with restructuring will be less than $20 million for the full year [16] - Management noted that consumer demand for live events is strong, with a positive outlook for the remainder of 2023 [47][111] Other Important Information - The company has made significant improvements to event listings, including the addition of image carousels and video, which have seen over 20% adoption among new listings [8][79] - The Social Connection Project aims to combat loneliness through live experiences, highlighting the company's commitment to social responsibility [9][97] - The company has been recognized as one of Fast Company's 50 Most Innovative Companies [97] Q&A Session Summary Question: What are the trends in Q2 and the macroeconomic backdrop? - Management noted that Q1 was strong, and they are encouraged by early Q2 trends, indicating a slightly stronger year than initially expected [18][19] Question: How does the competitive environment compare to pre-pandemic? - Management believes the competitive environment has strengthened due to improved platform capabilities and consumer demand for live events [117][120] Question: What is the long-term opportunity for Boost and Ads? - Management sees significant potential for demand generation tools, with creators spending a substantial portion of ticket value on marketing [30][34] Question: How is the restructuring progressing? - The restructuring is on track, with low attrition and expected annualized savings of $13 million to $14 million [75][80] Question: What is the outlook for adjusted EBITDA margins? - The company expects to maintain a 10% adjusted EBITDA margin for the full year, with potential for higher margins as demand generation solutions grow [89][134]