Eventbrite, Inc. (NYSE:EB) Q1 2024 Results Conference Call May 2, 2024 5:00 PM ET Company Participants Katie Pickett - Investor Relations Julia Hartz - Co-Founder and Chief Executive Officer Lanny Baker - Chief Financial Officer Conference Call Participants Joseph Kalia - Truist Securities Justin Patterson - KeyBanc Matt Farro - Piper Sandler Dae Lee - JPMorgan Hamed Khorsand - BWS Financial Joseph Kelly - Truist Securities Operator Good afternoon, ladies and gentlemen, and welcome to Eventbrite's First Qua ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-Q ____________________________________________________________________________ For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...

SAN FRANCISCO -- (BUSINESS WIRE) -- Eventbrite (NYSE: EB), a global marketplace for shared experiences, reported its financial results for the first quarter ended March 31, 2024. The First Quarter 2024 Shareholder Letter can be found on Eventbrite's Investor Relations website at https://investor.eventbrite.com. Eventbrite Reports First Quarter 2024 Financial Results First quarter revenue of $86.3 million grew 11% year-over-year Marketplace revenue from non-ticketing sources exceeded 13% of first quarter rev ...

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Sundry Photography Elevator Pitch Eventbrite, Inc. (NYSE:EB) stock is rated as a Buy. In my prior April 12, 2023, initiation article, I evaluated EB's financial prospects for fiscal 2023. The focus of this latest update is the potential re-rating catalysts for Eventbrite. Eventbrite's shares can perform well going forward if the company buys back its own undervalued shares aggressively and surprises the market with a Q1 EBITDA beat (expected around May 3rd). As such, I award a Buy rating to Eventbrite, cons ...

SAN FRANCISCO--(BUSINESS WIRE)--Eventbrite, Inc. (NYSE:EB), a global events marketplace, today announced its Board of Directors has authorized the repurchase of up to $100 million of outstanding Class A common stock. Under the program, Eventbrite may purchase shares of Class A common stock through open market purchases, block trades, privately negotiated transactions, accelerated share repurchase transactions, and/or pursuant to Rule 10b5-1 plans, in compliance with applicable securities laws and other lega ...

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Financial Data and Key Metrics Changes - The company achieved a gross margin exceeding 70% for the first time during Q4, compared to 66% a year ago, indicating a significant improvement in profitability [8][51] - Adjusted EBITDA margin for the full year 2023 reached 12%, with 40% of year-to-year revenue growth flowing through to adjusted EBITDA [77][93] - Total revenue for Q4 was $88 million, up 23% year-over-year, while paid tickets were down 4% in the same period [78][134] Business Line Data and Key Metrics Changes - Subscription and per event organizer fees totaled $6.6 million in Q4, with Eventbrite Ads revenue reaching $2.3 million, up 28% quarter-over-quarter [40][51] - Non-ticketing revenue grew from 2% to over 10% of total revenue, reflecting the success of the marketplace strategy [51][134] - The company introduced organizer fees for the first time in September 2023, which has led to some churn among creators but is expected to stabilize over time [26][99] Market Data and Key Metrics Changes - The consumer base grew to over 91 million people, with nearly 1 million event creators using the platform for over 5 million events in 2023 [45][133] - Average ticket prices are expected to increase in low single digits year-over-year, contributing positively to ticketing revenue [58][134] - The company is focusing on high-demand events in key metropolitan areas to drive ticket sales and engagement [92][101] Company Strategy and Development Direction - The company is transitioning to a two-sided marketplace model, aiming to enhance the creator and consumer experience through improved marketing tools and demand generation [37][46] - Future plans include building new tools for creators, such as timed entry and better business empowerment tools, to expand the total addressable market [48][134] - The company is committed to improving consumer product experience and driving repeat purchases through investments in mobile app functionality and personalization [109][135] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer demand, noting steady growth in consumer interest across various event categories [105][106] - The introduction of organizer fees is expected to have a short-term impact on ticket volume, but management believes this will lead to long-term benefits in monetization and creator success [119][120] - The company anticipates revenue for 2024 to be in the range of $359 million to $372 million, representing a 12% growth over 2023 [57][134] Other Important Information - The company has seen a significant increase in the adoption of marketing tools, with 75% of surveyed creators viewing the company as a demand generation partner [34][91] - The company is focusing on managing expenses tightly while pursuing growth in paid ticket volume and executing its marketplace strategy [20][60] - The company plans to continue investing in product development, particularly in enhancing the consumer experience through its mobile app [135][136] Q&A Session Summary Question: How is creator retention affected by the introduction of organizer fees? - Management acknowledged that the introduction of organizer fees has led to some churn among creators, particularly those who previously faced no fees for listing events. They are taking steps to improve messaging and marketing to mitigate this impact [63][99] Question: What is the outlook for paid ticket volume growth? - Management indicated that paid ticket volume is expected to be lower year-over-year in the first half of 2024, but they are confident in returning to growth through improved demand generation and marketing efforts [81][120] Question: How does the company plan to show value to creators regarding new tools? - The company is focusing on increasing awareness and trust in its marketing tools, offering free trials and incentives to encourage adoption among creators [124][125]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K ____________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or Commission File Number: 001-38658 _______________________________________________________________________________ EVENTBRITE ...