Financial Data and Key Metrics Changes - Revenue grew 7% year-over-year to $84.6 million in Q2 2024, which was towards the lower end of the outlook range [5][17] - Adjusted EBITDA was $8.5 million, representing just over 10% of revenue, while net income was $1.1 million compared to a net loss of $3 million a year ago [5][19] - Total operating expenses were $66.4 million, up from $61 million in the same quarter last year, with adjusted EBITDA including a $4 million benefit from a legal settlement [19] Business Line Data and Key Metrics Changes - Paid tickets declined by 9% year-over-year, totaling $21.2 million, while total tickets dropped by 16% [6][17] - Organizer fees and advertising revenue grew significantly, but ticketing revenue, which constitutes the majority, was down 4% year-over-year [17] - The average ticket price increased to $3.98 from $3.39 last year, and the revenue take rate improved to 10.1% from 8.9% [18] Market Data and Key Metrics Changes - Mobile app users increased by 22% year-over-year, contributing to a total of 93 million monthly average users across web and mobile platforms [11] - Eventbrite Ads revenue reached $2.9 million, more than doubling year-over-year, with a 20% increase in advertiser count [13][44] Company Strategy and Development Direction - The company is reintroducing a free tier with no marketplace fees to attract new creators and reconnect with those who left due to pricing concerns [8][23] - A premium marketplace is being developed to offer enhanced event visibility and support for creators, with 35,000 creators currently subscribed to the Pro plan [9] - The company is focused on strengthening consumer experience and growing the network, while also managing operating costs through a reduction in team size [10][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges with the new creator pricing model impacting short-term performance but emphasized a commitment to adapt based on creator feedback [5][34] - The revised revenue outlook for 2024 anticipates third-quarter revenue between $74 million and $77 million, and full-year revenue between $318 million and $325 million [22] - Management expressed confidence in the long-term strategy to transform Eventbrite into a two-sided marketplace, despite current headwinds [16][26] Other Important Information - The company has completed $39 million in share repurchases, reducing shares outstanding by approximately 7% since the start of the year [21] - New executive appointments were announced, including Lanny Baker as Chief Operating and Financial Officer and Samantha Wu as Chief Marketing Officer [14][15] Q&A Session Summary Question: Context on revised outlook and visibility - Management indicated that the paid ticket volume is expected to continue softening in the second half of 2023, with a modest uplift anticipated from the introduction of the free tier [29][30] Question: Decision to roll back organizer fees - The decision was driven by clear data and feedback from creators, indicating that the previous fee structure was too complex and did not align with the value delivered [34] Question: Sales-driven creator growth - The sales team has seen a 60% year-over-year increase in new bookings, with a focus on acquiring strategic inventory based on consumer demand [36] Question: TikTok partnership monetization - The TikTok integration is currently a distribution partnership aimed at driving traffic to event listings, with monetization strategies to be developed as traction is gained [43] Question: Advertising revenue in the quarter - Advertising revenue for Q2 2024 was $2.9 million, reflecting strong growth and momentum in advertiser count [44]

Eventbrite (EB) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 116.67%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.05, delivering a surprise of 16.67%. Over the last four quarters, the company has ...

Eventbrite is letting go of about 100 employees, or 11% of its workforce, the company said Thursday. It expects to incur about $7 million in costs associated with the reduction. The company previously cut 8% of its workforce in February 2023. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personal ...

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, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-------- ...

Exhibit 99.1 8/8/2024 Second Quarter 2024 Highlights Eventbrite Reports Second Quarter 2024 Financial Results Second quarter revenue grows 7% year-over-year to $84.6 million, within outlook range Revises full year net revenue outlook reflecting pricing-related adjustments Announces plan to reduce operating expenses and strengthen long-term results SAN FRANCISCO -- (BUSINESS WIRE) -- Eventbrite (NYSE: EB), a global marketplace for shared experiences, reported its financial results for the second quarter ende ...

Company Overview - Planet Image (YIBO) has faced significant challenges in the toner cartridge market, with sales showing minimal growth from $141.5 million in December 2020 to $150.2 million in December 2023, indicating a secular decline due to shifting consumer preferences towards digital solutions and eco-friendly products [19] - Eventbrite (NYSE:EB) has lost over 56% of its value in the past year, with a concerning 8% year-over-year drop in paid ticket volumes to 21 million, and a decline in paid creator count by 13,000 to 170,000 [4][11] - Varex Imaging (NASDAQ:VREX) has struggled to establish a dominant position in the X-ray imaging systems market, with a company-wide sales drop of 10% year-over-year to $206 million, and a 37% decline in stock market performance last year [20][17] Financial Performance - Eventbrite's first-quarter revenue growth was $86.3 million, reflecting an 11% year-over-year increase, but this was a significant deceleration from the previous quarter's 22% growth rate [16] - Varex Imaging's Medical segment saw a 13% year-over-year drop in sales during Q1, worsening to a 15% drop in Q2, indicating that hospitals and medical facilities are delaying investments in new X-ray technology [12][17] Market Trends - The traditional printing supplies industry has experienced a nearly 15% decline between 2020 and 2022, with expectations of continued value loss in the foreseeable future [9] - The competition in the online event ticketing space is intensifying, with major players like StubHub and Ticketmaster limiting Eventbrite's upside potential [11]

Eventbrite (EB) shares ended the last trading session 22.8% higher at $5.70. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.1% loss over the past four weeks. This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of -100%. Revenues are expected to be $86.15 million, up 9.2% from the year-ago quarter. For Eventbrite, the consensus EPS es ...

vent ' E R Sundry Photography Investment overview I give a buy rating for Eventbrite (NYSE:EB), as the risk-reward situation is quite attractive. The downside is protected by the cash in EB's balance sheet, while the upside is that EB sees growth accelerate back to 20% with margin expansion and multiples rerating upwards. I should note to readers that the main motivating factor for me to give a buy rating is the attractive risk/reward situation. Fundamentally, I am still slightly cautious about how things w ...

Eventbrite, Inc. (NYSE:EB) Q1 2024 Results Conference Call May 2, 2024 5:00 PM ET Company Participants Katie Pickett - Investor Relations Julia Hartz - Co-Founder and Chief Executive Officer Lanny Baker - Chief Financial Officer Conference Call Participants Joseph Kalia - Truist Securities Justin Patterson - KeyBanc Matt Farro - Piper Sandler Dae Lee - JPMorgan Hamed Khorsand - BWS Financial Joseph Kelly - Truist Securities Operator Good afternoon, ladies and gentlemen, and welcome to Eventbrite's First Qua ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-Q ____________________________________________________________________________ For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...