Financial Performance - Net revenue for Q4 2024 was 76.5million,down138.4 million for Q4 2024, compared to a net loss of 0.9millioninthesameperiodlastyear[4].−NetrevenueforQ42024was76,464,000, a decrease of 13% compared to 87,764,000inQ42023[15].−ThenetlossfortheyearendedDecember31,2024,was15,571,000, compared to a net loss of 26,479,000in2023,indicatinganimprovementof41226,563,000, an increase of 2% from 223,004,000in2023[15].−Totaloperatingexpensesdecreasedto257,356,000 in 2024 from 264,137,000in2023,reflectingareductionofapproximately36.5 million, with an Adjusted EBITDA margin of 8.5%[4]. - Adjusted EBITDA for the year ended December 31, 2024, was 35,111,000,upfrom28,655,000 in 2023, representing a 23% increase[18]. - Adjusted EBITDA margin for 2024 was 11%, compared to 9% in 2023, showing an improvement in operational efficiency[18]. Revenue Projections - The company anticipates Q1 2025 net revenue to be between 71millionand74 million, with an Adjusted EBITDA margin in the mid-single digits[6]. - Full year 2025 net revenue is expected to range from 295millionto310 million, impacted by the elimination of organizer fees, which will create a 20millionrevenueheadwindcomparedto2024[7][8].TicketingMetrics−Totalticketvolumereached72.0milliontickets,growing236.70 in Q4 2024[5]. - Eventbrite expects continued recovery in ticketing trends, with paid ticket volume projected to return to growth in the second half of 2025[7]. Asset and Liability Overview - Total current assets increased to 552,496,711from485,921,000, representing a growth of approximately 13.7% year-over-year[14]. - Cash and cash equivalents decreased to 416,531from489,200, indicating a decline of about 14.8%[14]. - Total assets reached 752,301,000,upfrom913,330, representing a decrease of approximately 17.6%[14]. - Current liabilities increased to 366,373from357,572, reflecting a rise of about 2.2%[14]. - Total liabilities amounted to 582,072,721,comparedto573,753, indicating a slight increase of approximately 1.4%[14]. - The net accounts receivable stood at 21,872,814,showingadecreasefromthepreviousyear[14].CreatorMetrics−Thetotalnumberofcreatorsdecreasedby739,546,634, which is a significant increase compared to the previous period[14]. Cash Flow and Debt Management - Cash flows from operating activities provided 35,573,000in2024,comparedto19,018,000 in 2023, indicating a significant increase of 87%[16]. - Principal repayment of debt obligations amounted to 120,450,000in2024,reflectingthecompany′scommitmenttoreducingdebt[16].−Thecompanyincurredrestructuringcoststotaling16.3 million in 2023, which impacted the financial results[18]. Other Financial Metrics - Gross margin for Q4 2024 was 68.2%, down from 70.1% in the same period last year[4]. - The total stockholders' equity was reported at 170,229,000,downfrom191,000, representing a decrease of approximately 10.9%[14]. - The net property and equipment was recorded at 12,640,909,reflectingagrowthfrom3,384,000[14]. - Goodwill increased to 174,388,174from38,888, indicating a substantial rise[14].
Eventbrite(EB)2025-02-27 21:04