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

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

Eventbrite Announces First Quarter 2020 Financial Results

May 11, 2020 4:05 PM EDT

Eventbrite responds to COVID-19 with decisive action

Focuses business strategy around efficient and intuitive self-service model

Implemented expense reduction plan designed to deliver at least $100 million in annualized savings

Francisco Partners to provide up to $225 million in loan financing

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Revenue of $49.1 million includes $19.1 million in reversals and provisions for refunds and bad debt

Ticket sales improved from March low-point driven by online events and small gatherings

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