Eventbrite (EB) Q1 Revenues Beat
Eventbrite (NYSE: EB) reported Q1 EPS of ($0.91), which may not compare to the analyst estimate of ($0.37). Revenue for the quarter came in at $27.8 million versus the consensus estimate of $24.47 million.
“The light shining at the end of the pandemic tunnel grew brighter during the first quarter. As vaccinations reached more of the population and restrictions on gatherings started to ease, the live events economy began to reopen. Pent-up demand for in-person experiences is reconnecting with the expanding number of live events on the Eventbrite platform, and our creators are beginning to thrive once again,” said Julia Hartz, Eventbrite Co-founder and Chief Executive Officer. “Eventbrite entered 2021 a stronger, leaner company, positioned to lead our industry’s recovery and re-invention. Our first quarter results begin to hint at the strength of our strategy and product-driven model. We expect our business momentum to build as the world comes out of the pandemic. Eventbrite is committed to serving our creators and fulfilling our mission of bringing the world back together through live experiences.”
For earnings history and earnings-related data on Eventbrite (EB) click here.
