NYSE$EB
Eventbrite Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a 7% year-over-year revenue increase, influenced by pricing adjustments and strategic shifts towards profitability.
Eventbrite's Q2 2024 revenue reached $84.6 million, a 7% increase year-over-year, but was impacted by pricing-related headwinds. The company is addressing this by refining its go-to-market strategy and reducing expenses. Net income was $1.1 million, including an $8.2 million benefit from a legal settlement. The company announced a plan to reduce operating expenses and a reduction of roughly 100 positions.
- Net revenue increased by 7% year-over-year to $84.6 million.
- Total ticket volume reached 66.8 million across 1.4 million events.
- Gross margin improved to 70.9% compared to 68.8% in the previous year.
- Net income was reported at $1.1 million, with a net income margin of 1.3%.
Headline financials
Revenue & EPS history
Eventbrite · Revenue · Quarterly
$84.6M
Forward guidance
Eventbrite expects fiscal third quarter 2024 revenue to be in the range of $74 to $77 million and $318 million to $325 million for fiscal year 2024. The company expects to incur up to $7 million in expenses related to severance and cost-reduction actions during Q3, and that these actions will reduce the company’s total annualized operating costs by $30 million. At the mid-point of its revenue outlook, the company now expects a 10% Adjusted EBITDA margin for the full year 2024, excluding the impact of restructuring costs and other items.
Headwinds
- Lower than anticipated paid ticket volume reflecting reduced creator acquisition and retention
- Planned changes to pricing and packaging plans offered to creators including the introduction of a free tier
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 Q2 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
| Quarter | Report date | Reaction (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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