Eventbrite(US:EB)2025-02-27 21:04Financial Performance - Net revenue for Q4 2024 was $76.5 million, down 13% year-over-year, with marketplace-related revenue from organizer fees and Eventbrite Ads accounting for 8% of total net revenue[4]. - The company reported a net loss of $8.4 million for Q4 2024, compared to a net loss of $0.9 million in the same period last year[4]. - Net revenue for Q4 2024 was $76,464,000, a decrease of 13% compared to $87,764,000 in Q4 2023[15]. - The net loss for the year ended December 31, 2024, was $15,571,000, compared to a net loss of $26,479,000 in 2023, indicating an improvement of 41%[15]. - Gross profit for the year ended December 31, 2024, was $226,563,000, an increase of 2% from $223,004,000 in 2023[15]. - Total operating expenses decreased to $257,356,000 in 2024 from $264,137,000 in 2023, reflecting a reduction of approximately 3%[15]. - Adjusted EBITDA for Q4 2024 was $6.5 million, with an Adjusted EBITDA margin of 8.5%[4]. - Adjusted EBITDA for the year ended December 31, 2024, was $35,111,000, up from $28,655,000 in 2023, representing a 23% increase[18]. - Adjusted EBITDA margin for 2024 was 11%, compared to 9% in 2023, showing an improvement in operational efficiency[18]. Revenue Projections - The company anticipates Q1 2025 net revenue to be between $71 million and $74 million, with an Adjusted EBITDA margin in the mid-single digits[6]. - Full year 2025 net revenue is expected to range from $295 million to $310 million, impacted by the elimination of organizer fees, which will create a $20 million revenue headwind compared to 2024[7][8]. Ticketing Metrics - Total ticket volume reached 72.0 million tickets, growing 2% across 1.4 million events, while paid ticket volume was 21.6 million, a decrease of 10% year-over-year[4][5]. - Average ticket value (ATV) increased by 2% year-over-year to $36.70 in Q4 2024[5]. - Eventbrite expects continued recovery in ticketing trends, with paid ticket volume projected to return to growth in the second half of 2025[7]. Asset and Liability Overview - Total current assets increased to $552,496,711 from $485,921,000, representing a growth of approximately 13.7% year-over-year[14]. - Cash and cash equivalents decreased to $416,531 from $489,200, indicating a decline of about 14.8%[14]. - Total assets reached $752,301,000, up from $913,330, representing a decrease of approximately 17.6%[14]. - Current liabilities increased to $366,373 from $357,572, reflecting a rise of about 2.2%[14]. - Total liabilities amounted to $582,072,721, compared to $573,753, indicating a slight increase of approximately 1.4%[14]. - The net accounts receivable stood at $21,872,814, showing a decrease from the previous year[14]. Creator Metrics - The total number of creators decreased by 7% year-over-year to 353, while paid creators also fell by 9% to 166[5]. - The company reported net creators signing fees of $39,546,634, which is a significant increase compared to the previous period[14]. Cash Flow and Debt Management - Cash flows from operating activities provided $35,573,000 in 2024, compared to $19,018,000 in 2023, indicating a significant increase of 87%[16]. - Principal repayment of debt obligations amounted to $120,450,000 in 2024, reflecting the company's commitment to reducing debt[16]. - The company incurred restructuring costs totaling $16.3 million in 2023, which impacted the financial results[18]. Other Financial Metrics - Gross margin for Q4 2024 was 68.2%, down from 70.1% in the same period last year[4]. - The total stockholders' equity was reported at $170,229,000, down from $191,000, representing a decrease of approximately 10.9%[14]. - The net property and equipment was recorded at $12,640,909, reflecting a growth from $3,384,000[14]. - Goodwill increased to $174,388,174 from $38,888, indicating a substantial rise[14].