Upgrade to SI Premium - Free Trial

Eventbrite (EB) Misses Q1 EPS, Revenues; Refunded $19.1M in Ticket Fees, Announces $225M Financing with Francisco Partners

May 11, 2020 5:06 PM

Eventbrite (NYSE: EB) reported Q1 EPS of ($1.71), $1.47 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $49.1 million versus the consensus estimate of $71.9 million.

“While the world may not be gathering together today, the desire for human connection is stronger than ever, and we see this desire matched every day by the entrepreneurialism of event creators,” said Julia Hartz, co-founder and Chief Executive Officer. “We acted swiftly to respond to COVID-19 by supporting our creators and strengthening our financial foundation, while continuing to build great product. We are sharpening our focus to provide value to our most active creators through innovative solutions that enable creative control and agility, and by helping them drive demand for their events. While we can’t predict when this crisis will pass, we are confident in Eventbrite’s ability to best serve the event creators who will rebuild the live experience economy.”

Announced a financing with Francisco Partners for up to $225 million in term loans

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


Earnings Hot Earnings Management Comments

Next Articles