NYSE$EB

Eventbrite Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Eventbrite's business was severely impacted by COVID-19, with revenue affected by increased refunds and reduced ticket sales, resulting in a net loss, while the company implemented cost-saving measures and secured financing.

Eventbrite's Q1 2020 results were significantly impacted by COVID-19, leading to reduced revenue due to increased refunds and decreased ticket sales. The company responded by implementing cost-saving measures and securing a term loan to strengthen its financial position. Ticket sales trends improved from the mid-March low point, driven by online events and small gatherings.

  • COVID-19 and social-distancing have severely impacted Eventbrite’s business, reducing paid ticket volumes and increasing event cancellations and postponements.
  • Net revenue included a $19.1 million increase in refunded ticket fees, refund reserves and bad debt for accounts receivable.
  • Net loss was $146.5 million, including $113.7 million of charges and reserve increases largely related to the impact of COVID-19.
  • Ticket sales trends have shown improvement from the mid-March low-point, driven by online events and small gatherings; however, restrictions on live events and adherence to social-distancing guidelines are expected to constrain ticket sales for several quarters.

Headline financials

Total Revenue

$49.1M

Previous: $81.3M-39.6%
EPS (adj)

-$0.39

Previous: -$0.13-200.0%
Paid Ticket Volume

22.2M

Previous: 27.0M-17.7%
Capital Expenditures

-$1.03M

Previous: -$1.29M+19.6%
Free Cash Flow

-$148M

Previous: -$11.3M-1207.4%
Net Income

-$146M

Previous: -$10M-1365.1%
Operating Income

-$137M

Previous: -$10.1M-1251.5%
Gross Profit

$21.1M

Previous: $50.8M-58.5%
Cash & Equivalents

$373M

Previous: $533M-30.1%
Total Assets

$682M

Previous: $931M-26.7%
Stock-Based Comp

$10.8M

No prior period

Revenue & EPS history

Eventbrite · Revenue · Quarterly

$49.1M

Q1 2020-39.6%vs Q1 2019
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Forward guidance

Restrictions on live events and adherence to social-distancing guidelines are expected to constrain ticket sales for several quarters.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

-2.6%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

52%

15 / 29 earnings

Positive

+19.7%

Q3 2025

Best reaction

-29.6%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+19.7%+30.7%+101.8%
Q2 2025+13.6%+18.6%+17.6%
Q1 2025+7.9%+2.2%+10.0%
Q4 2024-21.3%-20.3%-27.7%
Q3 2024+0.9%+7.4%+7.6%
Q2 2024-19.1%-20.4%-24.0%
Q1 2024+2.6%+4.3%-7.3%
Q4 2023-29.4%-30.7%-33.4%
Q3 2023-3.9%-2.1%-14.8%
Q2 2023+2.3%+3.2%-6.7%
Q1 2023+15.3%+8.7%+18.9%
Q4 2022+13.2%+6.6%-3.9%
Q3 2022+7.1%+11.4%+16.1%
Q2 2022-14.3%-25.4%-32.2%
Q1 2022-0.5%+11.4%+11.4%
Q4 2021-5.2%+2.8%-12.8%
Q3 2021-0.3%
Q2 2021+4.7%
Q1 2021+2.7%
Q4 2020-4.8%
Q3 2020+6.5%
Q2 2020+2.2%
Q1 2020-21.8%
Q4 2019-17.6%
Q3 2019+19.7%
Q2 2019+8.0%
Q1 2019-29.6%
Q4 2018-22.2%
Q3 2018-11.0%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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