NYSE$EB

Eventbrite Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported solid financial results and progressed in executing its consumer marketplace strategy.

Eventbrite's first quarter revenue reached $86.3 million, an 11% increase year-over-year. The company's consumer reach extended to over 27 million with a total ticket volume of 65.8 million. They also reported a net loss of $4.5 million and an adjusted EBITDA of $10.4 million.

  • Net revenue increased by 11% year-over-year, reaching $86.3 million.
  • Marketplace revenue from organizer fees and Eventbrite Ads exceeded 13% of total net revenue.
  • Total ticket volume reached 65.8 million across 1.4 million events.
  • Net loss improved to $4.5 million compared to $12.7 million in the same period last year.

Headline financials

Total Revenue

$86.3M

Previous: $77.9M+10.7%
EPS

-$0.05

Previous: -$0.13+61.5%
Paid Ticket Volume

21.2M

Previous: 23.0M-7.8%
Gross Ticket Sales

$854M

No prior period
Gross Profit Margin

71.0%

No prior period
Net Income Margin

-5.0%

No prior period
Adjusted EBITDA

$10.4M

No prior period
Adjusted EBITDA Margin

12.0%

No prior period
Capital Expenditures

-$316K

Previous: -$286K-10.5%
Free Cash Flow

-$4.81M

Previous: -$13M+63.0%
Net Income

-$4.49M

Previous: -$12.7M+64.6%
Operating Income

-$7.57M

Previous: -$13.8M+45.2%
Gross Profit

$61.2M

Previous: $51.5M+18.8%
Cash & Equivalents

$580M

Previous: $518M+11.9%
Total Assets

$952M

Previous: $950M+0.2%
R&D Expense

$26.7M

No prior period
Stock-Based Comp

$14M

Previous: $12.1M+15.4%

Revenue & EPS history

Eventbrite · Revenue · Quarterly

$86.3M

Q1 2024+10.7%vs Q1 2023
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company anticipates revenue between $84 to $87 million for the second quarter of 2024 and between $360 million to $371 million for the entire fiscal year 2024. The adjusted EBITDA margin is projected to be in the low- to mid-teens for the full year 2024, excluding restructuring costs, reserve adjustments, and other items.

Historical earnings impact

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

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-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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