Eventbrite (EB) AI Stock Analysis

• Market Cap: $452.96M
• Dividend Yield: N/A
• Average Volume (3M): 1.99M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: -11.54%
• EPS Growth: -54.32%
• Country: US
• Employees: 748
• Sector: Communication Services
• Sector Strength: 97
• Industry: Software - Application
• EPS (TTM): -0.08
• Shares Outstanding: 84,795,270
• 10 Day Avg. Volume: 2,971,795
• 30 Day Avg. Volume: 1,992,616
• PEG Ratio: 1.16
• Price to Book (P/B): 2.40
• Price to Sales (P/S): 1.47
• P/FCF Ratio: 24.38
• Enterprise Value/Market Cap: 0.63
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: 1.45
• Enterprise Value/Ebitda: -10.94
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.09
• Revenue Forecast (FY): $305.23M

• Rating: 49 Neutral
• Price Target: $4.50 ▲(2.04% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is held back primarily by weak financial performance (ongoing losses and a 2025 revenue step-down) and an unattractive earnings-based valuation (negative P/E with no dividend). Supporting factors include improved recent cash generation and balance-sheet leverage trends, plus a bullish technical setup despite overbought signals. The latest earnings call showed margin execution and Ads strength, but near-term revenue/ticketing headwinds persist, while the approved merger is a modest positive with remaining closing and legal risks.

Positive Factors

High Gross Margins

Sustained gross margins near 62%–70% indicate strong unit economics and pricing power in Eventbrite’s platform business. Durable unit-level profitability gives the company scope to invest in product, marketing, and AI-driven creator tools while still having a clear path to convert revenue growth into operating leverage over time.

Improved Cash Generation

Consistent positive operating and free cash flow in recent years reduces reliance on external financing and supports reinvestment or de-risking of the business. While cash flow has been volatile historically, recent multi-year positive FCF shows the company can generate cash from operations despite accounting losses, improving resilience through event cycles.

Reduced Leverage

Material reduction in leverage and lower total debt versus prior years improves financial flexibility and lowers solvency risk. A healthier capital structure gives Eventbrite more runway to pursue product investments, M&A or absorb cyclical downturns without needing immediate dilutive equity financing, supporting longer-term strategic options.

Negative Factors

Persistent Net Losses

Recurring net losses and a return to negative EBITDA in 2025 mean the company still lacks durable profitability despite healthy gross margins. Sustained losses suppress returns on equity, limit retained-capital reinvestment, and keep Eventbrite dependent on continued cash discipline or outside capital until operating income turns reliably positive.

Revenue Weakness

An ongoing top-line decline and the reported revenue step-down in 2025 reduce operating leverage and make margin gains harder to sustain. Weakening revenue trends suggest persistent demand or mix challenges in ticketing that cost cuts alone may not fix and lengthen the timetable to reach stable, growing core revenues.

Mix Shift to Smaller Creators

A structural shift toward smaller creators and slower tickets-per-creator recovery lowers take-rates and per-creator lifetime value. This mix change can depress revenue per unit, constrain scale benefits, and require product and monetization adjustments to restore historical revenue trajectories and margin sustainability.

Eventbrite Business Overview & Revenue Model

Company Description

Eventbrite, Inc. operates a self-service ticketing and experience technology platform that serves event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc. in 2009. Eventbrite, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

How the Company Makes Money

Eventbrite primarily makes money by charging fees tied to ticketing and registration transactions processed through its platform. Its core revenue stream is typically a combination of (1) a service fee for using Eventbrite’s ticketing and event management platform and (2) payment processing fees when Eventbrite processes payments for ticket buyers, with fees generally calculated as a percentage of the ticket price and/or a per-ticket amount; the exact fee structure can vary by geography, event type, payment method, and organizer plan. The company also generates revenue from paid subscription or packages for organizers that want additional capabilities (e.g., more advanced marketing, reporting, or operational tools), where available, and from value-added services that support event promotion and distribution through Eventbrite’s marketplace/discovery surfaces. Significant factors influencing earnings include the volume of paid tickets transacted (paid ticket gross ticket sales/volume), pricing and take-rate, payment processing costs, refund/chargeback dynamics, and demand for live events. Specific details about current pricing tiers, take rates, or named partnerships: null.

Eventbrite Financial Statement Overview

Summary

Fundamentals are mixed: gross margins are consistently strong, leverage has improved, and operating/free cash flow has been positive recently. However, revenue weakened in 2025 and profitability remains the core issue with persistent net losses and EBITDA turning negative again in 2025.

Income Statement

Revenue has stabilized recently (2024 essentially flat; 2025 down meaningfully), after strong growth in 2021–2023. Gross margin is consistently solid (~62%–70%), but profitability remains the key issue: net income is negative every year shown, and EBITDA swung back to a loss in 2025 after turning positive in 2023–2024. Overall, strong unit-level gross profitability is being offset by operating costs, leaving the company still short of durable earnings power.

Balance Sheet

Leverage has improved notably, with debt-to-equity declining from ~2.2x in 2021–2022 to ~0.8x in 2025, and total debt down materially versus 2023. However, returns on equity remain negative across all periods due to ongoing losses, and the balance sheet still carries meaningful debt relative to equity. Net: capital structure is moving in the right direction, but profitability has not yet caught up.

Cash Flow

Cash generation is a relative bright spot: operating cash flow and free cash flow are positive in 2021 and again in 2022–2025 (despite losses), and free cash flow has been close to net income in 2024–2025 (reflecting reduced cash burn vs. accounting loss). The weakness is volatility: 2020 had sharply negative operating and free cash flow, and free cash flow dropped significantly in 2025 versus 2024. Overall, cash flow quality has improved but is not yet consistently strong.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	291.84M	325.07M	326.13M	260.93M	187.13M
Gross Profit	197.30M	226.56M	223.00M	170.18M	116.84M
EBITDA	-26.09M	11.68M	1.44M	-27.94M	-99.85M
Net Income	-10.52M	-15.57M	-26.48M	-55.38M	-139.08M
Balance Sheet
Total Assets	647.22M	752.30M	913.33M	895.38M	902.98M
Cash, Cash Equivalents and Short-Term Investments	299.92M	441.49M	642.95M	623.52M	634.38M
Total Debt	144.81M	243.17M	360.96M	361.74M	366.39M
Total Liabilities	468.08M	582.07M	721.57M	728.82M	733.08M
Stockholders Equity	179.14M	170.23M	191.76M	166.56M	169.90M
Cash Flow
Free Cash Flow	17.63M	34.97M	11.85M	4.16M	83.30M
Operating Cash Flow	17.73M	35.57M	19.02M	8.61M	85.83M
Investing Cash Flow	21.04M	123.92M	-69.33M	-89.50M	-2.53M
Financing Cash Flow	-105.76M	-177.47M	-4.91M	-2.08M	51.18M

Eventbrite Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EB, the sentiment is Positive. The current price of 4.41 is below the 20-day moving average (MA) of 4.45, below the 50-day MA of 4.44, and above the 200-day MA of 3.20, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 74.73 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EB.

Eventbrite Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ONTF	66 Neutral	$345.08M	-11.71	-20.20%	―	-6.23%	28.57%
MKTW	62 Neutral	$230.82M	6.24	-38.92%	14.78%	-19.17%	308.81%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SMRT	54 Neutral	$330.62M	-6.33	-25.34%	―	-24.30%	-181.62%
EB	49 Neutral	$452.96M	-40.87	-5.85%	―	-11.54%	-54.32%
NRDY	46 Neutral	$171.15M	-3.15	-145.86%	―	-9.86%	0.87%

Eventbrite Corporate Events

Eventbrite Completes Merger and Delists from NYSE

Eventbrite has completed a merger in which each outstanding share of its Class A and Class B common stock was converted into the right to receive $4.50 in cash, and all outstanding stock options and restricted stock units, including performance-based awards, were cancelled and cashed out under agreed terms. Following the closing of the transaction, Eventbrite notified the New York Stock Exchange that the deal had been consummated, its Class A shares ceased trading under the ticker “EB” and will be deregistered, its board and senior leadership saw significant turnover as directors and key executives resigned or agreed to step down after a transition period, and the company’s certificate of incorporation and bylaws were fully amended and restated under the new ownership structure.

The most recent analyst rating on (EB) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Eventbrite stock, see the EB Stock Forecast page.

Eventbrite Shareholders Approve Merger with Bending Spoons

On February 27, 2026, Eventbrite stockholders approved a merger under which Everest Merger Sub Inc., a subsidiary of Bending Spoons S.p.A., will merge with and into Eventbrite, leaving Eventbrite as a wholly owned subsidiary of Bending Spoons. Shareholders also approved, on an advisory basis, merger-related compensation for named executive officers and rendered moot a proposal to adjourn the special meeting, with approximately 88.7% of voting power represented at the meeting.

Completion of the transaction remains subject to customary conditions, including antitrust clearance, absence of legal restraints and no material adverse effect on Eventbrite’s business, as well as the accuracy of representations and compliance with covenants by both parties. A previously filed putative class action in Delaware Chancery Court challenging the voting power of Class B shares and seeking to enjoin the stockholder vote became moot after the merger proposal was approved under both the company’s and plaintiffs’ interpretations of the charter, leading plaintiffs to agree to dismiss their claims.

The most recent analyst rating on (EB) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Eventbrite stock, see the EB Stock Forecast page.

Eventbrite Addresses Shareholder Litigation Over Bending Spoons Merger

Eventbrite detailed ongoing shareholder litigation and related demands arising from its December 1, 2025 merger agreement under which it will be acquired and become a wholly owned subsidiary of Bending Spoons US Inc., an affiliate of Bending Spoons S.p.A. The disputes center on whether a Voting and Support Agreement triggered a conversion of Class B shares into lower-vote Class A stock, potentially reducing insiders’ voting power and affecting how approval thresholds for the February 27, 2026 merger vote are calculated.

The company explained that, while it disagrees with plaintiffs’ interpretation and denies any disclosure violations, it is asking investors to vote as if the plaintiffs’ view of the charter and voting power applied, and has agreed not to close the merger if the deal fails under that standard until the Delaware Court of Chancery rules. To reduce delay and distraction, Eventbrite is also issuing voluntary supplemental proxy disclosures that elaborate on the negotiation background, governance process and competing indications of interest, without admitting liability or that additional disclosure was legally required, and notes that the special committee overseeing the transaction remains in place.

The most recent analyst rating on (EB) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Eventbrite stock, see the EB Stock Forecast page.

Eventbrite accelerates executive awards ahead of Bending Spoons merger

On December 1, 2025, Eventbrite agreed to be acquired by Bending Spoons, with Eventbrite to become a wholly owned subsidiary through a planned merger. In connection with the anticipated transaction, the company’s compensation committee moved on December 18–19, 2025 to accelerate the vesting and payment of certain equity awards and 2025 cash bonuses for top executives, including CEO Julia Hartz and other senior officers, to mitigate potential adverse tax consequences under Sections 280G and 4999 of the U.S. tax code. The accelerated packages cover millions of restricted stock units and substantial cash sums, structured so that executives must repay the after-tax value if they leave before the original vesting dates, with that clawback obligation lapsing once the merger closes, effectively preserving tax deductions for Eventbrite while securing compensation outcomes for key leadership ahead of the change in control.

The most recent analyst rating on (EB) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Eventbrite stock, see the EB Stock Forecast page.