Eventbrite (EB) Reports Q4 Loss, Tops Revenue Estimates

Group 1 - Eventbrite reported a quarterly loss of $0.09 per share, which was worse than the Zacks Consensus Estimate of a loss of$ 0.05, and compared to a loss of $0.01 per share a year ago, indicating an earnings surprise of -80% [1] - The company posted revenues of$ 76.46 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.39%, but down from $87.76 million year-over-year [2] - Eventbrite shares have underperformed the market, losing about 5.4% since the beginning of the year, while the S&P 500 gained 1.3% [3] Group 2 - The current consensus EPS estimate for the coming quarter is -$ 0.05 on revenues of $77.19 million, and for the current fiscal year, it is -$ 0.01 on revenues of $339.64 million [7] - The Zacks Industry Rank for Internet - Services is currently in the top 34% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8] Group 3 - The estimate revisions trend for Eventbrite is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]