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 September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ________________________ ...

Eventbrite, Inc. (NYSE:EB) Q2 2021 Earnings Conference Call August 5, 2021 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 Ryan Sundby - William Blair Youssef Squali - Truist Securities Dae Lee - JPMorgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the Eventbrite Second Quarter 2021 Earnings conference call. At this time, all partici ...

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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 _____________________________ ...

Eventbrite, Inc. (NYSE:EB) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Julia Taylor - Vice President, General Counsel Julia Hartz - Co-Founder & Chief Executive Officer Lanny Baker - Chief Financial Officer Conference Call Participants Ryan Sundby - William Blair David Lee - JPMorgan Lamont Williams - Stifel Ryan Sundby - William Blair Operator Ladies and gentlemen, thank you for standing by, and welcome to the Eventbrite, Inc. First Quarter 2021 Earnings Conference Call. At ...

[PART I. FINANCIAL INFORMATION](index=5&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Unaudited Condensed Consolidated Financial Statements](index=5&type=section&id=Item%201.%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) For Q1 2021, Eventbrite reported $27.8 million net revenue, an $84.9 million net loss, and positive operating cash flow of $40.2 million Condensed Consolidated Balance Sheet Summary (in thousands) | Account | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$868,050** | **$795,685** | | Cash and cash equivalents | $593,342 | $505,756 | | Goodwill | $174,388 | $174,388 | | **Total Liabilities** | **$684,758** | **$480,113** | | Accounts payable, creators | $254,082 | $191,134 | | Long-term debt | $352,060 | $206,630 | | **Total Stockholders' Equity** | **$183,292** | **$315,572** | Condensed Consolidated Statement of Operations Summary (in thousands) | Account | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | Net revenue | $27,818 | $49,086 | | Gross profit | $14,143 | $21,081 | | Loss from operations | $(25,843) | $(137,114) | | Loss on debt extinguishment | $(49,977) | $— | | **Net loss** | **$(84,891)** | **$(146,476)** | | Net loss per share, basic and diluted | $(0.91) | $(1.71) | Condensed Consolidated Statement of Cash Flows Summary (in thousands) | Cash Flow Activity | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $40,169 | $(47,267) | | Net cash used in investing activities | $(118) | $(2,942) | | Net cash provided by financing activities | $47,651 | $2,446 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail COVID-19's impact on estimates, accounting changes for convertible debt, and significant financing and litigation events - The COVID-19 pandemic has caused significant uncertainty in financial estimates, especially for chargebacks and refunds due to canceled or postponed events[32](index=32&type=chunk) - The company adopted ASU 2020-06 on January 1, 2021, which simplifies the accounting for convertible instruments and resulted in a net increase to long-term debt of **$42.4 million**[36](index=36&type=chunk) - In March 2021, the company issued **$212.75 million** of 0.750% Convertible Senior Notes due 2026. Proceeds were used to repay the May 2020 credit agreement[69](index=69&type=chunk)[84](index=84&type=chunk) - A loss on debt extinguishment of **$50.0 million** was recorded in Q1 2021, primarily from the write-off of unamortized debt discount and a make-whole premium related to the repayment of the May 2020 credit agreement[69](index=69&type=chunk) - The company is involved in ongoing litigation, including a class action over its refund policy and stockholder lawsuits alleging misrepresentations in its IPO documents. An accrual of **$1.9 million** has been recorded for the expected settlement of the Federal stockholder action[103](index=103&type=chunk)[108](index=108&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses COVID-19's impact on operations, cost reduction efforts, and strengthened liquidity through convertible notes [Overview](index=28&type=section&id=Overview) Eventbrite, a global self-service ticketing platform, experienced significant COVID-19 impact but saw Q1 2021 recovery and strengthened its financial position by issuing convertible notes - The COVID-19 pandemic has had a significant negative impact on the company's results, though net revenue improved in Q1 2021 compared to Q4 2020, with growth in Australia and online events[139](index=139&type=chunk) - In March 2021, the company issued **$212.75 million** in convertible senior notes due 2026 and used **$153.2 million** of the proceeds to repay its May 2020 credit agreement[141](index=141&type=chunk) [Key Business Metrics and Non-GAAP Financial Measures](index=29&type=section&id=Key%20Business%20Metrics%20and%20Non-GAAP%20Financial%20Measures) Key business metrics show a significant decline in paid ticket volume but an improvement in Adjusted EBITDA due to cost controls Key Business Metrics | Metric | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Paid Ticket Volume (thousands) | 10,232 | 22,237 | | Adjusted EBITDA (thousands) | $(8,510) | $(119,600) | - Paid ticket volume decreased by **54.0%** in Q1 2021 compared to Q1 2020[144](index=144&type=chunk)[154](index=154&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) Q1 2021 net revenue decreased 43.3% due to lower ticket volume, while gross margin improved and operating expenses significantly decreased, notably in Sales, Marketing, and Support Year-over-Year Financial Performance (in thousands) | Item | Q1 2021 | Q1 2020 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Revenue | $27,818 | $49,086 | $(21,268) | (43.3)% | | Cost of Net Revenue | $13,675 | $28,005 | $(14,330) | (51.2)% | | Sales, Marketing & Support | $5,639 | $99,915 | $(94,276) | (94.4)% | | General & Administrative | $19,028 | $42,109 | $(23,081) | (54.8)% | | Loss on Debt Extinguishment | $(49,977) | $— | $(49,977) | N/A | - The decrease in sales, marketing and support expenses was primarily due to a net decrease in the chargebacks and refunds reserve. A reserve of **$76.5 million** was initially recorded in Q1 2020[165](index=165&type=chunk) - A loss on debt extinguishment of **$50.0 million** was recorded, related to the write-off of **$31.8 million** in unamortized debt discount/costs and a **$18.2 million** make-whole premium[173](index=173&type=chunk) [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2021, the company held $593.3 million in cash, bolstered by a $212.75 million convertible note issuance, and expects sufficient liquidity for the next 12 months - As of March 31, 2021, cash and cash equivalents were **$593.3 million**, of which **$254.1 million** was due to creators[180](index=180&type=chunk) - In March 2021, the company received net proceeds of **$207.0 million** from the issuance of 2026 Notes and used **$153.2 million** to repay its May 2020 credit agreement and **$18.5 million** to purchase capped calls[181](index=181&type=chunk) - The company believes existing cash and cash from operations will be sufficient to meet anticipated cash needs for at least the next **12 months**[187](index=187&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces no significant interest rate risk due to fixed-rate notes but is exposed to foreign currency fluctuations, though a 10% change is not expected to be material - The company has no financial or economic exposure to interest rate changes because its 2025 and 2026 Notes have fixed interest rates[199](index=199&type=chunk) - The company is exposed to foreign currency risk, particularly from the British Pound, Euro, Canadian Dollar, and Australian Dollar. A **10%** change in exchange rates is not expected to have a material impact[200](index=200&type=chunk) [Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2021, with no material changes to internal control over financial reporting during the quarter - Management concluded that as of **March 31, 2021**, the company's disclosure controls and procedures were effective[201](index=201&type=chunk) - No changes occurred during the quarter ended **March 31, 2021**, that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[202](index=202&type=chunk) [PART II. OTHER INFORMATION](index=39&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=39&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 10 for details on ongoing litigation, including a class action regarding refund policy and stockholder lawsuits related to the IPO - For information on legal proceedings, the report refers to "Note 10 - Commitments and Contingent Liabilities - Litigation and Loss Contingencies" in the Notes to the Unaudited Condensed Consolidated Financial Statements[206](index=206&type=chunk) [Risk Factors](index=39&type=section&id=Item%201A.%20Risk%20Factors) New risk factors include substantial indebtedness from convertible notes, potential cash flow issues, dilution, operational limitations, and provisions that could deter takeovers - The company's substantial level of indebtedness from its Convertible Notes could adversely affect cash flow and the ability to operate the business[208](index=208&type=chunk) - Risks associated with the debt include diverting cash flow to payments, limited ability to obtain additional financing, and potential dilution to existing stockholders from the conversion of the notes[208](index=208&type=chunk) - The company may not have the ability to raise funds for cash settlement upon conversion of the notes or to repurchase them following a fundamental change[213](index=213&type=chunk) - Provisions in the indentures governing the Convertible Notes, such as repurchase rights upon a 'fundamental change', could delay or prevent a potentially beneficial takeover[222](index=222&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=42&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred during the three months ended March 31, 2021, that were not previously reported - No unregistered sales of equity securities occurred during the quarter that were not already reported on a Form 8-K[224](index=224&type=chunk) [Exhibits](index=43&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including the indenture for the 2026 Convertible Senior Notes, the capped call confirmation, and required CEO/CFO certifications - Filed exhibits include the Indenture for the 2026 Notes, the form of the Capped Call Confirmation, and CEO/CFO certifications[227](index=227&type=chunk)[228](index=228&type=chunk)[234](index=234&type=chunk)

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, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |------ ...

Eventbrite, Inc. (NYSE:EB) Q4 2020 Earnings Conference Call February 25, 2021 5:00 PM ET Company Participants Ron Clark - Head of IR Julia Hartz - Co-Founder and CEO Lanny Baker - CFO Conference Call Participants Ryan Sundby - William Blair Heath Terry - Goldman Sachs Mark Williams - Stifel Operator Ladies and gentlemen, thank you for standing by, and welcome to the Eventbrite Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presenta ...

Eventbrite, Inc. (NYSE:EB) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants Ron Clark - Head of IR Julia Hartz - Co-Founder and CEO Lanny Baker - CFO Conference Call Participants Shweta Khajuria - RBC Capital Ryan Sundby - William Blair Dae Lee - JP Morgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the Eventbrite Inc. Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presen ...

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 September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----- ...

Eventbrite, Inc. (NYSE:EB) Q2 2020 Earnings Conference Call August 6, 2020 5:00 PM ET Company Participants Ron Clark – Head of Investor Relations Julia Hartz – Co-Founder and Chief Executive Officer Lanny Baker – Chief Financial Officer Conference Call Participants Nate Mitchell – SunTrust Securities Ryan Sundby – William Blair Ryder Cleary – JPMorgan Heath Terry – Goldman Sachs Operator Good afternoon. My name is Christine, and I'll be your conference operator today. At this time, I would like to welcome e ...