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Dec 31, 2023
Eventbrite Q4 2023 Earnings Report
Eventbrite's Q4 2023 performance driven by record revenue and marketplace strategy.
Key Takeaways
Eventbrite reported a 23% year-over-year increase in net revenue for Q4 2023, reaching $87.8 million, driven by its marketplace strategy. The company powered over 300 million free and paid tickets in 2023.
Net revenue increased by 23% year-over-year, reaching $87.8 million.
Marketplace-related revenue from organizer fees and Eventbrite Ads grew to over 10% of net revenue.
Total free and paid ticket volume reached 70.6 million tickets across 1.4 million events.
Gross margin improved to 70.1% compared to 66.1% in the same period last year.
Forward Guidance
Eventbrite anticipates first quarter 2024 net revenue to be in the range of $84 to $87 million and full year 2024 net revenue to be in the range of $359 million to $372 million. The company projects Adjusted EBITDA margin to be in the low- to mid-teens for the full year 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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