Eventbrite Reports Third Quarter 2019 Financial Results
November 07 2019 - 4:02PM
Business Wire
Achieves net revenue of $82.1 million,
driven by strong performance in Self-Sign On channel and
international growth
Net loss decreased to $30.2 million, from
$35.5 million in the prior year
Adjusted EBITDA loss of $6.5 million
Eventbrite, Inc. (NYSE: EB), a global ticketing and event
technology platform, today posted its financial results for the
quarter ended September 30, 2019. You can find the Third Quarter
2019 Shareholder Letter on Eventbrite’s Investor Relations website
at www.investor.eventbrite.com.
“We are encouraged by the progress we’ve made in the year since
becoming a public company,” said Julia Hartz, Eventbrite’s
co-founder and chief executive officer. “In the third quarter, we
delivered better than expected net revenue growth of 11%, which was
driven by 23% year over year paid ticket volume growth in our Self
Sign-On channel, marking the fourth consecutive quarter of greater
than 20% growth, and continued international market growth. We have
now substantially completed the migration of Ticketfly customers to
the Eventbrite platform, and we are focused on enabling event
creators of all kinds to grow their businesses with
Eventbrite.”
Quarterly Conference Call and
Webcast
Eventbrite will host a live Q&A session today at 2:00 p.m.
Pacific Time to discuss the third quarter financial results and its
Business Outlook for the full year 2019. The conference call and
webcast can be accessed as follows:
Event: Eventbrite Third Quarter 2019 Earnings Conference Call
Date: Thursday, November 7, 2019 Time: 2:00 p.m. Pacific Time (5:00
p.m. Eastern Time) Conference Call Dial-in: (877) 682-6650 or (647)
689-5426 Live Webcast Site: https://investor.eventbrite.com
An archived webcast of the conference call will be accessible on
Eventbrite’s Investor Relations page,
https://investor.eventbrite.com. A telephonic replay of the
conference call will be available until Thursday, November 14,
2019, by dialing (800) 585-8367 or (416) 621-4642.
About Eventbrite
Eventbrite is a global ticketing and event technology platform
that provides creators of events of all shapes and sizes with tools
and resources to seamlessly plan, promote, and produce live
experiences around the world. Eventbrite’s powerful platform, which
can be accessed online or via mobile apps, scales from basic
registration and ticketing to a fully featured event management
platform. Customers include Newport Folk and Jazz Festivals,
Pitchfork Music Festival, and Wanderlust, in addition to top venues
and promoters that include Bowery Ballroom and The Troubadour.
Eventbrite was founded by Julia Hartz, Kevin Hartz, and Renaud
Visage and launched operations in 2006. The company has more than
1,000 employees in 14 offices around the world. Learn more at
www.eventbrite.com.
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Eventbrite Investor Relations investors@eventbrite.com
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