Eventbrite (EB) Reports Q3 Loss, Tops Revenue Estimates

Core Insights - Eventbrite reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.13, marking an earnings surprise of 69.23% [1] - The company generated revenues of $77.8 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.71%, although this represents a decline from $81.54 million in the same quarter last year [2] - Eventbrite's stock has underperformed, losing approximately 59.1% year-to-date compared to the S&P 500's gain of 24.3% [3] Financial Performance - Over the last four quarters, Eventbrite has surpassed consensus EPS estimates four times and topped revenue estimates twice [2] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $75.62 million, and for the current fiscal year, it is -$0.24 on revenues of $322.17 million [7] Market Outlook - The sustainability of Eventbrite's stock price movement will largely depend on management's commentary during the earnings call [3] - The Zacks Rank for Eventbrite is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] - The Internet - Services industry, to which Eventbrite belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]