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Eventbrite (EB) Misses Q3 EPS by 10c, Revs Beat

November 7, 2019 4:58 PM

Eventbrite (NYSE: EB) reported Q3 EPS of ($0.36), $0.10 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $82.1 million versus the consensus estimate of $76.53 million.

“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.”

For earnings history and earnings-related data on Eventbrite (EB) click here.

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