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Sep 30, 2024
Eventbrite Q3 2024 Earnings Report
Revenue above outlook range, consumer reach totaled over 93 million, and paid ticket volume reached 19.7 million.
Key Takeaways
Eventbrite reported Q3 2024 financial results with revenue of $77.8 million, above the outlook range. Consumer reach totaled over 93 million with paid ticket volume of 19.7 million. Creator acquisition improved following the introduction of the free tier in September.
Net Revenue reached $77.8 million, a 5% decrease year-over-year.
Total free and paid ticket volume amounted to 65.0 million across 1.4 million events.
Gross Margin was 68.5% compared to 68.3% in the previous year.
Net Loss was $(3.8) million, including $5.4 million from reduction in force charges, compared to $(9.9) million in the same period last year.
Forward Guidance
The company expects fourth quarter 2024 revenue to be within a range of $74 to $77 million, and full-year 2024 revenue will be within a range of $322 million to $326 million. At the midpoint of our revenue outlook range, we expect Adjusted EBITDA margin, excluding the impact of severance costs and other non-routine items, to be approximately 10% for the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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