Financial Data and Key Metrics Changes - In Q3, the company reported net revenue of $71.7 million, down 8% year-over-year, primarily due to lower ticketing revenue and the elimination of organizer fees, partially offset by a 38% increase in revenue from Eventbrite Ads [18][19] - Adjusted EBITDA was $8.4 million, representing a 58% year-over-year increase and an adjusted EBITDA margin of 11.7% [20] - Q3 net income was $6.4 million, a significant improvement from a net loss of $3.8 million in the previous year [20] Business Line Data and Key Metrics Changes - Paid ticket volume totaled 19.1 million, down 3% year-over-year, but showed a 400 basis points improvement from the 7% decline in Q2 [18] - Eventbrite Ads revenue grew 38% year-over-year, contributing positively to overall revenue despite the decline in ticketing revenue [18][19] Market Data and Key Metrics Changes - The company reported a nearly 4% increase in new paid creator acquisition in Q3, indicating a strengthening marketplace [8] - The average monthly users reached 92 million in Q3, with consumers and creators across 180 countries [9] Company Strategy and Development Direction - The company aims to stabilize paid ticket volumes and creator activity, with a focus on disciplined execution to support revenue growth and margin expansion in 2026 [6][10] - Strategic initiatives include enhancing creator tools, improving consumer engagement, and expanding market share globally [10][15] - The company plans to leverage AI for product innovation, focusing on premium tools for larger creators and enhancing consumer personalization [30][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about operational momentum, expecting to return to monthly year-over-year paid ticket volume growth within the first few months of 2026 [23][24] - The company anticipates net revenue for Q4 to be between $71.5 million and $74.5 million, with an adjusted EBITDA margin of 8-9% [23] Other Important Information - Operating expenses were $49.6 million, down 20% year-over-year, marking the lowest level in four years [19] - The company ended the quarter with $511 million in cash and cash equivalents, with total debt reduced to $175 million [21] Q&A Session Summary Question: How is the company thinking about the right level of investment to drive growth in 2026? - Management emphasized a disciplined approach to operating expenses while reallocating funds to areas that drive growth, balancing cost reduction with investment in growth initiatives [26][28] Question: How does the company view the impact of GenAI on product innovation? - The company plans to focus on premium tools for larger creators, using AI to enhance marketing performance and consumer engagement, and expanding globally [30][33] Question: What is the company's stance on the ticketing ecosystem amid recent industry discussions? - The company aims to democratize the ticketing industry, advocating for fair pricing and transparency while continuing to invest in creator tools and consumer-friendly practices [36][38] Question: Can you provide insights on the sequential gross margin improvement and its implications? - Management expects modest continued improvement in gross margin, driven by the increasing contribution of higher-margin Eventbrite Ads to overall revenue [40][43]

All right, let's talk travel. Time travel. Well, not actual time travel because that's not possible yet.But the closest thing you can come to time travel these days, and that of course, we're told, is flying by private jet. It's how the other half of the other half lives. And now, the private jet business is getting some coin from private equity.An investor group backed by luxury giant LVMH buying 20% of big private jet company Flexjet. Let's flex a little more. Robert Frank has more on what's going down at ...

Core Idea - The experience economy is a significant market revolution, surpassing simple trade and service industries, where experience is the key differentiator [6][7] - Emotions, energy, and experience are critical components in creating value and driving decisions [8][29] - Values alignment is crucial for successful partnerships and teamwork, emphasizing the importance of being a "good person" [17][18][19] Key Drivers - The driver of experience creation and management is mindset and emotional intelligence, not just rationality or project management skills [8] - Taking care of people with passion and love, rather than just following regulations, is essential for motivation and success [10][11] - Understanding and catering to consumers' dreams and desires is vital for creating "love marks" and integrating brands into their lives [31] Mathematical Equation of Experience - The success of a project (Y) is influenced by factors like price, quality, and appearance (A, B, C), but is significantly amplified by experience (E) [24][25][26][27][28] - Experience (E) is a more powerful variable than other factors (A, B, C) because multiplication is stronger than addition or subtraction [27][28] - The equation of experience creation involves emotions, energy, and experience, highlighting their combined impact [29] Practical Application - Individuals possess the power to create change and should embrace their inherent abilities without seeking external validation [19][20] - Balancing strengths with others' strengths, similar to surfing, is crucial for success in various aspects of life [21][22] - Loving the project and finding joy in the work is essential, as values attract values and drive positive outcomes [17][32]