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Mar 31, 2024
Eventbrite Q1 2024 Earnings Report
Reported solid financial results and progressed in executing its consumer marketplace strategy.
Key Takeaways
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.
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
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Avg. Return Before/After Earnings
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