Revenue and EBITDA Achievement
Eventbrite delivered $73.8 million in revenue, at the high end of their guidance. Adjusted EBITDA was $4.6 million, representing a 6% margin, in line with expectations.
Improvement in Paid Ticket Trends
Paid ticket trends improved for the third consecutive quarter, with a year-over-year decline of 7.7%, showing improvement from the previous quarters.
Strong Growth in Eventbrite Ads
Eventbrite ads revenue increased by 30% year over year, indicating strong growth and adoption among creators.
Consumer Engagement and App Success
The new Eventbrite app showed strong consumer response, with March app installs accelerating, paid tickets from the app up 11%, and total average monthly app users up 13% year over year.
Operating Expense Reduction
Operating expenses were reduced by 14% year over year, reflecting strong financial discipline.