Eventbrite, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:09 pm EDT
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Eventbrite, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 78.91 million compared to USD 66.04 million a year ago. Net loss was USD 2.92 million compared to USD 20.09 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.2 a year ago.
For the six months, sales was USD 156.83 million compared to USD 121.92 million a year ago. Net loss was USD 15.61 million compared to USD 38.27 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.39 a year ago.
Eventbrite, Inc. is a global self-service ticketing and experience technology platform that serves event creators. The Companyâs two-sided marketplace connects millions of creators and consumers every month to share their passions, artistry, and causes through live experiences. The Company has hosted over five million free and paid events, issuing over 300 million tickets. Its platform enables the sale and distribution of event tickets through select third-party platforms, such as Meta and Bandsintown. The Company provides relevant and appealing experiences for its consumers by leaning into localized and relevant event discovery. It also invests in the growth of highly popular event offerings, events hosted in populated metropolitan areas, as well as expanding its events catalog to new cities and countries. The Company's subsidiaries include Eventbrite UK Limited, Eventbrite International, Inc., TSTM Group Limited, Eventbrite Operations (IE) Limited, and others.