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Eventbrite Inc (EB)
NYSE:EB
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Eventbrite (EB) AI Stock Analysis

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EB

Eventbrite

(NYSE:EB)

Rating:61Neutral
Price Target:
$2.50
▲(1.21%Upside)
Eventbrite's strong cash management and success in meeting earnings targets bolster its score. However, challenges in profitability, valuation concerns due to losses, and potential impacts from executive departures weigh on the overall outlook.
Positive Factors
Growth Initiatives
KPIs suggest the reinstatement of the free listing tier coupled with growth initiatives is starting to have a positive effect on paid creators and paid ticket volumes.
Traffic Increase
Eventbrite experienced an increase in traffic flow as the company underwent a website and logo refresh.
User Growth and Monetization
Growth in Ads and users suggests potential for improving scale and monetization over time.
Negative Factors
Declining Creator Base
Eventbrite faces pressure from declining paid ticket volumes given a smaller creator base.
Revenue Decline
Near-term focus for shares remains on paid ticket volume and revenue trends, which both declined.
Transition Year
Eventbrite declared 2025 as a transition year after the company had already gone through two years of transitions creating uncertainty that there is still more the company has to do.

Eventbrite (EB) vs. SPDR S&P 500 ETF (SPY)

Eventbrite Business Overview & Revenue Model

Company DescriptionEventbrite, 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 MoneyEventbrite generates revenue primarily through service fees charged on tickets sold via its platform. These fees are typically a percentage of the ticket price and can vary based on the event type and location. Additionally, Eventbrite offers subscription packages for event organizers who require more advanced features and analytics. The company also partners with various third-party organizations to expand its reach and improve its service offerings, which can contribute to its revenue. However, specific details about these partnerships and their financial impact are not publicly available.

Eventbrite Earnings Call Summary

Earnings Call Date:May 08, 2025
(Q1-2025)
|
% Change Since: 6.47%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture. Eventbrite achieved revenue and EBITDA targets and saw strong growth in Eventbrite ads and app engagement. However, there were notable challenges, including a decline in net revenue and gross margin, as well as an increase in net loss. The departure of key executives also adds some uncertainty.
Q1-2025 Updates
Positive Updates
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.
Negative Updates
Decline in Net Revenue
Net revenue of $73.8 million was down 14% year over year, primarily due to the elimination of organizer fees.
Gross Margin Contraction
Gross profit margin decreased from 71% to 67% year over year, largely due to the elimination of higher-margin organizer fees.
Net Loss Increase
Net loss increased to $6.6 million compared to $4.5 million a year ago.
Executive Team Changes
Chief Legal and People Officer, Julia Taylor, and Chief Technology Officer, Vivek Sagi, have decided to leave Eventbrite to pursue new opportunities.
Company Guidance
In the first quarter of 2025, Eventbrite, Inc. delivered a strong performance, with revenue reaching $73.8 million, at the high end of their guidance range of $71 to $74 million. Adjusted EBITDA was reported at $4.6 million, representing a 6% margin, aligning with expectations. Despite a year-over-year decline of 7.7% in paid ticket volume, there was a sequential improvement from the previous quarters. Eventbrite's app saw significant growth, with paid tickets from the app increasing by 11% and average monthly app users rising by 13% year over year. The company also reported a 30% growth in Eventbrite Ads revenue. Operating expenses were reduced by 14% compared to the previous year, maintaining a strong liquidity position with $550 million in cash. Looking forward, the company reaffirmed its full-year 2025 net revenue guidance of $295 to $310 million, with an adjusted EBITDA margin in the mid-single digits.

Eventbrite Financial Statement Overview

Summary
Eventbrite demonstrates a strong cash position and solid gross profit margin. However, challenges in profitability and revenue growth, coupled with high leverage, present risks.
Income Statement
60
Neutral
Eventbrite shows a mixed performance in the income statement. The TTM revenue of $312.6M reflects a decrease from the previous year's $325.1M, indicating a negative revenue growth rate. However, gross profit margin remains strong at approximately 68.1%. The company continues to face challenges in profitability, with a negative net profit margin and EBIT margin, indicating ongoing operational losses.
Balance Sheet
65
Positive
The balance sheet indicates moderate financial stability. Eventbrite maintains a healthy cash position with cash and short-term investments exceeding total debt, resulting in negative net debt. However, the debt-to-equity ratio of 1.4 suggests a reliance on debt financing, which could pose risks if not managed carefully. The equity ratio of 21.3% shows a reasonable level of equity financing.
Cash Flow
70
Positive
The cash flow statement reflects a solid performance in cash generation. Eventbrite's free cash flow has improved, and the operating cash flow to net income ratio is positive, indicating efficient cash management despite net losses. However, fluctuations in free cash flow growth rate highlight potential volatility in cash generation.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue325.07M326.13M260.93M187.13M106.01M
Gross Profit226.56M223.00M170.18M116.84M43.68M
EBITDA11.68M1.44M-27.94M-99.85M-177.60M
Net Income-15.57M-26.48M-55.38M-139.08M-224.72M
Balance Sheet
Total Assets752.30M913.33M895.38M902.98M795.68M
Cash, Cash Equivalents and Short-Term Investments441.49M642.95M623.52M634.38M505.76M
Total Debt243.17M360.96M361.74M366.39M223.09M
Total Liabilities582.07M721.57M728.82M733.08M480.11M
Stockholders Equity170.23M191.76M166.56M169.90M315.57M
Cash Flow
Free Cash Flow34.97M11.85M4.16M76.55M-163.17M
Operating Cash Flow35.57M19.02M8.61M79.08M-156.89M
Investing Cash Flow123.92M-69.33M-89.50M-2.53M-12.66M
Financing Cash Flow-177.47M-4.91M-2.08M51.18M255.04M

Eventbrite Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.47
Price Trends
50DMA
2.47
Negative
100DMA
2.34
Positive
200DMA
2.85
Negative
Market Momentum
MACD
-0.02
Positive
RSI
48.17
Neutral
STOCH
63.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EB, the sentiment is Negative. The current price of 2.47 is below the 20-day moving average (MA) of 2.55, below the 50-day MA of 2.47, and below the 200-day MA of 2.85, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.17 is Neutral, neither overbought nor oversold. The STOCH value of 63.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EB.

Eventbrite Risk Analysis

Eventbrite disclosed 59 risk factors in its most recent earnings report. Eventbrite reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Eventbrite Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$240.68M-9.90%-6.52%-2.19%
60
Neutral
$157.15M-10.44%7.65%-96.35%
58
Neutral
$239.57M2.8335.11%5.09%3828.94%129.01%
58
Neutral
$216.94M32.4213.10%12.31%187.89%
56
Neutral
$201.35M-22.66%-25.43%-135.09%
51
Neutral
AU$1.66B2.46-31.66%3.59%16.55%-7.79%
50
Neutral
$218.75M-24.47%-8.39%7.79%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
EB
Eventbrite
2.47
-2.70
-52.22%
IMMR
Immersion
7.46
-5.44
-42.17%
CCRD
CoreCard
27.23
14.73
117.84%
SSTI
SoundThinking Inc
12.40
-2.68
-17.77%
ONTF
ON24
5.15
-1.56
-23.25%
SMRT
SmartRent
1.09
-1.39
-56.05%

Eventbrite Corporate Events

Executive/Board ChangesShareholder Meetings
Eventbrite Holds Annual Meeting, Elects New Directors
Neutral
Jun 11, 2025

On June 5, 2025, Eventbrite, Inc. held its Annual Meeting of Stockholders, where key decisions were made regarding the company’s leadership and financial oversight. Stockholders elected Class I directors to serve until 2028, ratified Baker Tilly US, LLP as the independent accounting firm for 2025, and approved executive compensation on an advisory basis. These decisions are expected to influence Eventbrite’s strategic direction and operational governance, impacting stakeholders and reinforcing the company’s commitment to transparent financial practices.

The most recent analyst rating on (EB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Eventbrite stock, see the EB Stock Forecast page.

Executive/Board Changes
Eventbrite CTO Vivek Sagi Announces Resignation
Negative
May 7, 2025

On May 5, 2025, Eventbrite‘s Chief Technology Officer, Vivek Sagi, announced his resignation effective May 16, 2025, to pursue another executive role outside the company. Sagi will assist with the transition of his responsibilities until his departure, which may impact the company’s technological leadership and operational continuity.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 25, 2025