Eventbrite(US:EB)2025-11-06 21:02Financial Performance - Net revenue for Q3 2025 was $71.7 million, an 8% decline year-over-year, driven by the elimination of organizer fees[4] - Net income reached $6.4 million, a significant improvement of $10.1 million from a net loss of $3.8 million in the same period last year[4] - Adjusted EBITDA was $8.4 million with an Adjusted EBITDA margin of 11.7%, exceeding the company's guidance[4] - Net revenue for Q3 2025 was $71,743,000, a decrease of 8.3% from $77,801,000 in Q3 2024[15] - Gross profit for Q3 2025 was $48,714,000, down 8.8% from $53,258,000 in Q3 2024[15] - Total operating expenses in Q3 2025 were $49,616,000, a reduction of 20.2% compared to $62,210,000 in Q3 2024[15] - Net income for Q3 2025 was $6,369,000, compared to a net loss of $3,768,000 in Q3 2024[15] - Adjusted EBITDA for Q3 2025 was $8,416,000, an increase of 57.5% from $5,337,000 in Q3 2024[17] Revenue Outlook - For Q4 2025, the company expects net revenue between $71.5 million and $74.5 million, with an Adjusted EBITDA margin of approximately 8% to 9%[6] - The full-year revenue outlook for 2025 has been updated to a range of $290 million to $293 million, with an increased Adjusted EBITDA margin outlook of 8% to 9%[7] Operational Metrics - Paid ticket volume was 19.1 million, down 3% year-over-year, but improved by 400 basis points from the previous quarter[4] - The number of paid creators was 162,000, a decline of less than 1% year-over-year, also improving by 400 basis points from the previous quarter[4] - Eventbrite Ads revenue grew 38% year-over-year, indicating strong demand for advertising services[4] Cash Flow and Expenses - The company reported $12.6 million in lower operating expenses, contributing to the improved net income[4] - Cash flows from operating activities for the nine months ended September 30, 2025, were $78,550,000, slightly down from $80,856,000 in the same period of 2024[16] - The company reported a net cash increase of $46,146,000 for the nine months ended September 30, 2025, compared to $41,757,000 in 2024[16] - The company incurred $23,600,000 in stock-based compensation expense for the nine months ended September 30, 2025, down from $39,484,000 in 2024[16] Assets - Total assets as of September 30, 2025, were $744.6 million, a decrease from $752.3 million at the end of 2024[14] Share Information - The weighted-average number of diluted shares outstanding for Q3 2025 was 98,587,000, compared to 96,498,000 in Q3 2024[15] Adjusted EBITDA Definition - The company revised its definition of Adjusted EBITDA to include certain significant and non-recurring legal matters, aligning it with management's evaluation of core operating performance[20]