Strong Revenue Performance
Net revenue came in at $72.8 million, which was at the high end of the company's outlook.
Eventbrite Ads Growth
Eventbrite Ads accelerated from Q1 and grew by an impressive 50%, becoming a key growth lever.
Improved Adjusted EBITDA Margin
Adjusted EBITDA margin was 8.8%, significantly above expectations and increased by 260 basis points from Q1.
Sequential Improvement in Ticket Volume
Paid ticket volume decline improved by 40 basis points compared to Q1, with July showing a year-over-year decline of only 1%.
Enhanced Financial Position
Secured a new $60 million term loan to strengthen liquidity and repurchased $125 million of convertible notes below par.