Eventbrite Third Quarter 2024 Earnings: Beats Expectations

Eventbrite (NYSE:EB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$77.8m (down 4.6% from 3Q 2023).
• Net loss: US$3.77m (loss narrowed by 62% from 3Q 2023).
• US$0.039 loss per share (improved from US$0.099 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Eventbrite Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 9.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Eventbrite you should know about.

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