Eventbrite Reports Second Quarter 2024 Financial Results

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Go back to Eventbrite Reports Second Quarter 2024 Financial Results

Event management firm Eventbrite's stock tumbles on results, downgrades

August 9, 2024 8:07 AM EDT

Eventbrite (NYSE: EB) shares have plunged 25% premarket Friday on the back of its latest earnings report and subsequent analyst downgrades.

The company reported Q2 EPS of $0.01, $0.06 better than the analyst estimate of ($0.05). However, revenue for the quarter came in at $84.55 million, short of the consensus estimate of $86.07 million.

In addition, the company's full-year guidance was disappointing. Eventbrite sees FY2024 revenue between $74 and $77 million, well below the consensus of $93.581 million and $318 million to $325 million for fiscal year 2024, versus the consensus of... More