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 ...

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, 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 ...

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, 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 ...

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 ...

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]

Financial Performance - Net revenue for the three months ended March 31, 2023, was $77,914 thousand, a 39% increase from $55,875 thousand in the same period of 2022 [150]. - Paid ticket volume increased to 23,178 thousand in Q1 2023, up 28% from 18,054 thousand in Q1 2022 [144]. - Gross profit margin improved to 66% in Q1 2023, compared to 64% in Q1 2022 [148]. - Net loss for Q1 2023 was $12,686 thousand, a decrease from a net loss of $18,185 thousand in Q1 2022 [148]. - Adjusted EBITDA for Q1 2023 was $2,142 thousand, slightly down from $2,375 thousand in Q1 2022 [146]. - Cost of net revenue increased to $26,395 thousand in Q1 2023, a 32% increase from $19,973 thousand in Q1 2022 [153]. - The percentage of cost of net revenue relative to total net revenue decreased to 34% in Q1 2023 from 36% in Q1 2022 [153]. - The company recorded an income tax expense of $0.6 million for Q1 2023, up from $0.2 million in Q1 2022 [133]. Cash and Liquidity - Cash and cash equivalents were $518.446 million as of March 31, 2023, compared to $539.299 million as of December 31, 2022 [51]. - The Company reported total cash, cash equivalents, and restricted cash of $519.3 million as of March 31, 2023, compared to $540.2 million as of December 31, 2022 [51]. - Funds receivable from third-party payment processors amounted to $23.7 million as of March 31, 2023, down from $39.9 million as of December 31, 2022 [55]. - Accounts receivable, net increased to $2.598 million as of March 31, 2023, from $2.266 million as of December 31, 2022 [56]. - Net cash provided by operating activities was $75.2 million in Q1 2023, down from $77.5 million in Q1 2022, primarily due to a net loss of $12.7 million [179]. - Net cash used in investing activities for the three months ended March 31, 2022 was $0.8 million, consisting of $0.5 million in capitalized software development costs and $0.3 million in purchases of property and equipment [182]. - Net cash used in financing activities during the three months ended March 31, 2023 was $1.4 million, primarily due to $1.8 million in taxes paid related to net share settlement of equity awards, offset by $0.5 million in proceeds from the exercise of stock options [183]. Restructuring and Costs - The Company incurred approximately $8.8 million in restructuring costs during the three months ended March 31, 2023, including $7.7 million for severance and other termination benefits [41]. - The Company has a total estimated cost of up to $20 million associated with the restructuring plan expected to be completed by the end of 2023 [38]. - The Company closed certain offices as part of the restructuring plan, leading to accelerated amortization of remaining right-of-use assets [39]. - The balance of restructuring-related liabilities was $4.97 million, down from $8.82 million accrued during the period [41]. - The Company incurred restructuring-related costs of approximately $8.8 million for the three months ended March 31, 2023, including $7.7 million in severance and $1.1 million in lease abandonment costs [41]. Debt and Financing - The carrying amount of long-term debt was $356,078,000 as of March 31, 2023, consistent with the previous quarter's amount of $355,580,000 [78]. - Total interest expense for the three months ended March 31, 2023, was $2,751,000, slightly higher than $2,733,000 in the same period of 2022 [78]. - The effective interest rate of the 2025 Notes is 5.8%, with cash interest recorded at $1.9 million and amortization of debt issuance costs at $0.3 million for the three months ended March 31, 2023 [82]. - The Company issued $212.75 million aggregate principal amount of 0.750% convertible senior notes due 2026, with net proceeds of $207.0 million after deducting debt issuance costs of $5.7 million [95]. - The effective interest rate of the 2026 Notes is 1.3%, with cash interest recorded at $0.4 million and amortization of debt issuance costs at $0.2 million for the three months ended March 31, 2023 [103]. - The 2025 Notes are redeemable at the Company's option at any time on or after June 1, 2023, under specific conditions related to the stock price exceeding 130% of the conversion price [89]. - The 2026 Notes will be redeemable at the Company's option on or after March 15, 2024, under similar conditions as the 2025 Notes [99]. Stock-Based Compensation - The total unrecognized stock-based compensation expense related to stock options outstanding was $19.5 million, to be recognized over a weighted-average period of 2.2 years [128]. - The total unrecognized stock-based compensation expense related to stock awards was $88.2 million, to be recognized over a weighted-average period of 3.0 years [129]. - Stock-based compensation expense for the three months ended March 31, 2023, totaled $12.094 million, compared to $12.836 million for the same period in 2022 [130]. - As of March 31, 2023, the balance of outstanding stock options was 12,690,003, with an aggregate intrinsic value of $3,554 thousand [127]. Operational Insights - The Company operates as a single reportable segment, with the CEO reviewing consolidated financial information for resource allocation [37]. - The Company recognized revenue from ticketing and payment processing, with a shift from upfront payment incentives to performance-based incentives [42][46]. - The Company recognized revenue from ticketing services when tickets are sold, with a fixed fee structure that includes a flat fee and a percentage-based fee per ticket [43]. - Revenue from marketing services is recognized ratably over the service term, which varies from one month to a year [48]. - The Company established a reserve for potential settlement of indirect tax matters amounting to $5.3 million as of March 31, 2023 [121]. Other Notable Events - The Company was awarded $14.9 million in damages from a jury verdict in a commercial contract litigation case [119]. - A material weakness in internal control over financial reporting was identified, related to the presentation of unrealized foreign currency transaction gains and losses, resulting in a restatement of previously filed financial statements [198]. - The Company approved a restructuring plan on February 27, 2023, expected to incur total estimated costs of up to $20 million, aimed at reducing operating costs and driving efficiencies [38].

Eventbrite, Inc. (NYSE:EB) Q4 2022 Earnings Conference Call February 28, 2023 5:00 PM ET Company Participants Katherine Chen - Head, IR Julia Hartz - Co-Founder and CEO Lanny Baker - CFO Conference Call Participants Youssef Squali - Truist Matt Farrell - Piper Sandler Ryan Sundby - William Blair Justin Patterson - KeyBanc Cameron Perrone - Morgan Stanley Lamont Williams - Stifel Dae Lee - JPMorgan Operator Good afternoon. Thank you for attending today's Eventbrite Q4 2022 Earnings Call. My name is Tamia and ...

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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38658 ...