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  Title	Eventbrite Reports Third Quarter 2025 Financial Results
  ID	22345974
  External ID	210500380
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  Published Date	Nov. 6, 2025, 3:05 p.m.
  Summary	This is a paid press release. Contact the press release distributor directly with any inquiries. Eventbrite Reports Third Quarter 2025 Financial Results Business Wire Fri, November 7, 2025 at 12:05 AM
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  URL	https://finance.yahoo.com/news/eventbrite-reports-third-quarter-2025-210500380.html
  Sentiment	Negative: 0.04528    Neutral: 0.93436    Positive: 0.02036
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  Content ID	30117592
  Key	73370c90-d130-4358-ace0-cb72924db492
  Content	This is a paid press release. Contact the press release distributor directly with any inquiries. Eventbrite Reports Third Quarter 2025 Financial Results Business Wire Fri, November 7, 2025 at 12:05 AM GMT+3 15 min read EB Delivers Net Revenue of $71.7 million, consistent with Outlook Reports Net Income of $6.4 Million, up $10.1 million from Prior Year Achieves Adjusted EBITDA Margin of 11.7%, Exceeding Guidance Narrows Net Revenue Guidance and Raises Adjusted EBITDA Margin Outlook for Fiscal Year 2025 SAN FRANCISCO, November 06, 2025 --( BUSINESS WIRE )--Eventbrite (NYSE: EB), a global marketplace for shared experiences, reported its financial results for the third quarter ended September 30, 2025. The Company’s Third Quarter Investor Presentation can be found on Eventbrite’s Investor Relations website at https://investor.eventbrite.com . "Our third quarter results reflect our strengthened foundation and the progress we are achieving to set the stage for a promising year to come," said Julia Hartz, Co-Founder, Chief Executive Officer, and Executive Chair. "In the year ahead, we will empower creators, engage consumers, and unlock new opportunities through key initiatives designed to capture the large opportunity ahead and drive value for our shareholders. The work we’ve done this year positions us to scale our strengths and return to growth with a clear roadmap for 2026 that will drive both expansion and efficiency." "We once again achieved our revenue outlook and significantly outperformed our margin guidance in the third quarter," said Anand Gandhi, Chief Financial Officer. "We continued to execute effectively while maintaining financial discipline. We delivered meaningful improvement in paid ticket, paid event, and paid creator trends, as well as further structural reductions in operating expenses. Our progress this year positions us well for top-line growth and margin expansion in 2026." Third Quarter 2025 Highlights Net revenue of $71.7 million, declined 8% year-over-year as anticipated, driven in part by the elimination of organizer fees, and was in the middle of the Company’s quarterly outlook range. Eventbrite Ads continued to grow rapidly, up 38% year-over-year. Net income of $6.4 million compared to net loss of $3.8 million in the same period last year, reflecting $12.6 million in lower operating expenses and a gain of $5.8 million on partial extinguishment of 2026 convertible notes recognized in the third quarter of 2025. Adjusted EBITDA of $8.4 million and Adjusted EBITDA margin of 11.7% exceeded the Company’s outlook range. 1 Paid ticket volume of 19.1 million, declined 3% year-over-year, improving 400 basis points from the quarter ended June 30, 2025 and representing the Company’s fourth consecutive quarter of improvement in year-over-year trends. Paid creators of 162,000, declined less than 1% year-over-year, improving 400 basis points from the quarter ended June 30, 2025 and representing the Company’s fourth consecutive quarter of improvement in year-over-year trends. Story Continues ___________________ 1 For more information on these non-GAAP financial measures, please see "―About non-GAAP financial measures" and the tables under "―Reconciliation of Net Income (Loss) to Adjusted EBITDA and the Calculation of Adjusted EBITDA Margin" included at the end of this release. The summary of GAAP and non-GAAP consolidated financial results is in the table below (in thousands, except percentages, unaudited): Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 % Change 2025 2024 % Change Paid tickets 19,071 19,736 (3 )% 58,341 62,195 (6 )% Gross ticket sales $ 748,318 $ 795,367 (6 )% $ 2,278,190 $ 2,489,364 (8 )% Net revenue $ 71,743 $ 77,801 (8 )% $ 218,334 $ 248,604 (12 )% Gross profit $ 48,714 $ 53,258 (9 )% $ 147,248 $ 174,418 (16 )% Gross profit margin 68 % 68 % 67 % 70 % Net income (loss) $ 6,369 $ (3,768 ) * $ (2,349 ) $ (7,195 ) (67 )% Net income (loss) margin 9 % (5 )% (1 )% (3 )% Adjusted EBITDA (non-GAAP) $ 8,416 $ 5,337 58 % $ 19,420 $ 28,586 (32 )% Adjusted EBITDA margin (non-GAAP) 12 % 7 % 9 % 11 % * Not meaningful Business Outlook For the fourth quarter 2025, the Company expects net revenue in the range of $71.5 million to $74.5 million and an Adjusted EBITDA margin of approximately 8% to 9%, excluding non-routine items. For fiscal year 2025, the Company updated its revenue outlook range to $290 million to $293 million. As a result of the Company’s significant reductions in operating expenses, it raised its full-year Adjusted EBITDA margin outlook to approximately 8% to 9%, excluding non-routine items. The Company has not provided an outlook for GAAP net loss or GAAP net loss margin or reconciliations of expected Adjusted EBITDA to GAAP net loss or expected Adjusted EBITDA margin to GAAP net loss margin because GAAP net loss and GAAP net loss margin on a forward-looking basis are not available without unreasonable efforts due to the potential variability and complexity of the items that are excluded from Adjusted EBITDA and Adjusted EBITDA margin, such as stock-based compensation expense, foreign exchange rate gains and losses, and other non-recurring expenses. Earnings Webcast Information Event: Eventbrite Third Quarter 2025 Earnings Conference Call Date: Thursday, November 6, 2025 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Live Webcast Site: https://investor.eventbrite.com An archived webcast of the conference call will be accessible on Eventbrite’s Investor Relations page, https://investor.eventbrite.com . About Eventbrite Eventbrite is a global events marketplace that serves event creators and event-goers in nearly 180 countries. Since its inception, Eventbrite has been at the center of the experience economy, transforming the way people organize and attend events. The company was founded by Julia Hartz, Kevin Hartz, and Renaud Visage, with a vision to build a self-service platform that empowers anyone to host and discover live experiences. In 2024, Eventbrite distributed over 83 million paid tickets to over 4.7 million events, helping people find new things to do or new ways to do more of what they love. Eventbrite has also earned industry recognition as a top employer, with special designations that include a coveted spot on Fast Company’s prestigious "The World’s 50 Most Innovative Companies" and "Brands That Matter" lists, the Great Place to Work® Award in the U.S., and Inc.'s "Best-Led Companies" honor. Learn more at www.eventbrite.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding the future performance of Eventbrite, Inc. and its consolidated subsidiaries (the "Company"); the Company’s ability to return to growth; the Company’s capital structure; and the Company’s expectations described under "Business Outlook" above. In some cases, forward-looking statements can be identified by terms such as "may," "will," "appears," "shall," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, plans, or intentions. Such statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause the Company’s actual results, performance, or achievements to differ materially from results expressed or implied in this press release, including the impact of the macroeconomic and geopolitical environment, including but not limited to, tariffs, expanded trade controls, taxes, conflicts around the world, inflation and changes in interest rates, and related shifts in consumer behavior and spending, and other factors more fully described in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, other filings that the Company makes with the Securities and Exchange Commission from time to time. Investors are cautioned not to place undue reliance on these statements. Actual results could differ materially from those expressed or implied. All forward-looking statements are based on information and estimates available to the Company at the time of this release, and are not guarantees of future performance, and reported results should not be considered as an indication of future performance. Except as required by law, the Company assumes no obligation to update any of the statements in this press release. Disclaimer Regarding Ticketing, Creator and Event Metrics This press release includes certain measures related to our ticketing business, such as paid tickets and paid creators. We believe that the use of these metrics is helpful to our investors as these metrics are used by management in assessing the health of our business and our operating performance. These metrics are based on what we believe to be reasonable estimates for the applicable period of measurement. There are inherent challenges in measuring these metrics, and we regularly review and may adjust our processes for calculating our internal metrics to improve their accuracy. You should not consider these metrics in isolation or as substitutes for analysis of our results of operations as reported under GAAP. Condensed Consolidated Balance Sheet (in thousands, unaudited) September 30, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 402,769 $ 416,531 Funds receivable 17,922 37,629 Restricted cash 107,908 48,000 Short-term investments, at amortized cost — 24,959 Accounts receivable, net 772 2,187 Creator signing fees, net 2,537 3,954 Creator advances, net 6,832 3,380 Prepaid expenses and other current assets 13,585 15,856 Total current assets 552,325 552,496 Creator signing fees, net, noncurrent 4,555 3,575 Property and equipment, net 9,489 12,640 Operating lease right-of-use assets 529 823 Goodwill 174,388 174,388 Acquired intangible assets, net — 5,014 Other assets 3,300 3,365 Total assets $ 744,586 $ 752,301 Liabilities and Stockholders’ Equity Current liabilities Accounts payable, creators $ 338,985 $ 300,174 Accounts payable, trade 778 1,407 Chargebacks and refunds reserve 10,319 10,315 Accrued compensation and benefits 10,375 4,825 Accrued taxes 4,269 5,932 Current portion of long-term debt 119,618 29,781 Operating lease liabilities 964 2,071 Other accrued liabilities 9,771 11,868 Total current liabilities 495,079 366,373 Accrued taxes, noncurrent 5,042 4,278 Operating lease liabilities, noncurrent — 377 Long-term debt 55,243 210,938 Other liabilities 105 106 Total liabilities 555,469 582,072 Commitments and contingencies (Note 16) Stockholders’ equity Preferred stock — — Common stock 1 1 Treasury stock, at cost (50,286 ) (50,159 ) Additional paid-in capital 1,072,756 1,051,392 Accumulated deficit (833,354 ) (831,005 ) Total stockholders’ equity 189,117 170,229 Total liabilities and stockholders’ equity $ 744,586 $ 752,301 Condensed Consolidated Statement of Operations (in thousands, except share and per share amounts; unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net revenue $ 71,743 $ 77,801 $ 218,334 $ 248,604 Cost of net revenue 23,029 24,543 71,086 74,186 Gross profit 48,714 53,258 147,248 174,418 Operating expenses Product development 16,643 22,586 55,741 75,327 Sales, marketing and support 19,594 23,694 61,516 69,084 General and administrative 13,379 15,930 46,957 52,983 Total operating expenses 49,616 62,210 164,214 197,394 Loss from operations (902 ) (8,952 ) (16,966 ) (22,976 ) Interest income 3,712 6,056 11,427 20,845 Interest expense (1,618 ) (2,084 ) (3,792 ) (7,690 ) Gain (loss) on debt extinguishment 5,821 (315 ) 5,821 (315 ) Other income (expense), net (766 ) 1,735 2,652 4,207 Income (loss) before income taxes 6,247 (3,560 ) (858 ) (5,929 ) Income tax (benefit) provision (122 ) 208 1,491 1,266 Net income (loss) $ 6,369 $ (3,768 ) $ (2,349 ) $ (7,195 ) Net income (loss) per share Basic $ 0.07 $ (0.04 ) $ (0.02 ) $ (0.08 ) Diluted $ 0.06 $ (0.04 ) $ (0.02 ) $ (0.08 ) Weighted-average number of shares outstanding used to compute net income (loss) per share Basic 96,943 96,498 95,954 95,571 Diluted 98,587 96,498 95,954 95,571 Condensed Consolidated Statements of Cash Flows (in thousands, Unaudited) Nine Months Ended September 30, 2025 2024 Cash flows from operating activities Net loss $ (2,349 ) $ (7,195 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 11,627 11,189 Stock-based compensation expense 23,600 39,484 Amortization of debt discount and issuance costs 965 1,512 (Gain) loss on debt extinguishment (5,821 ) 315 Unrealized gain on foreign currency exchange (3,235 ) (779 ) Accretion on short-term investments (41 ) (3,112 ) Non-cash operating lease expenses 468 463 Amortization of creator signing fees 1,680 777 Changes related to creator advances, creator signing fees, and allowance for credit losses 1,057 (2,434 ) Provision for chargebacks and refunds 12,770 21,015 Gain on litigation settlement — (3,927 ) Other 889 796 Changes in operating assets and liabilities Accounts receivable 622 (1,731 ) Funds receivable 20,512 18,686 Creator signing fees and creator advances (4,959 ) (6,327 ) Prepaid expenses and other assets 2,336 2,767 Accounts payable, creators 31,767 49,853 Accounts payable (629 ) (675 ) Chargebacks and refunds reserve (12,784 ) (20,461 ) Accrued compensation and benefits 5,550 (12,016 ) Accrued taxes (1,894 ) (4,315 ) Operating lease liabilities (1,658 ) (1,561 ) Other accrued liabilities (1,923 ) (1,468 ) Net cash provided by operating activities 78,550 80,856 Cash flows from investing activities Purchases of short-term investments — (136,808 ) Maturities of short-term investments 25,000 269,001 Purchases of property and equipment (65 ) (585 ) Capitalized internal-use software development costs (2,895 ) (6,964 ) Net cash provided by investing activities 22,040 124,644 Cash flows from financing activities Repayment of debt obligations (118,853 ) (120,450 ) Proceeds from issuance of debt 60,000 — Debt issuance costs (2,529 ) — Repurchase of common stock — (39,296 ) Taxes paid related to net share settlement of equity awards (2,927 ) (6,837 ) Proceeds from issuance of common stock under ESPP 164 454 Net cash used in financing activities (64,145 ) (166,129 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 9,701 2,386 Net increase in cash, cash equivalents and restricted cash 46,146 41,757 Cash, cash equivalents and restricted cash Beginning of period 464,531 489,200 End of period $ 510,677 $ 530,957 Reconciliation of Net Income (Loss) to Adjusted EBITDA and the Calculation of Adjusted EBITDA Margin (in thousands; unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 (in thousands) Net income (loss) $ 6,369 $ (3,768 ) $ (2,349 ) $ (7,195 ) Add: Depreciation and amortization 3,370 3,946 11,627 11,189 Stock-based compensation 5,897 10,246 23,600 39,484 Interest income (3,712 ) (6,056 ) (11,427 ) (20,845 ) Interest expense 1,618 2,084 3,792 7,690 Employer taxes related to employee equity transactions 51 97 422 889 (Gain) loss on debt extinguishment (5,821 ) 315 (5,821 ) 315 Other (income) expense, net 766 (1,735 ) (2,652 ) (4,207 ) Income tax (benefit) provision (122 ) 208 1,491 1,266 Significant and non-recurring legal matters — — 737 — Adjusted EBITDA $ 8,416 $ 5,337 $ 19,420 $ 28,586 About Non-GAAP Financial Measures We believe that the use of Adjusted EBITDA and Adjusted EBITDA margin is helpful to investors in understanding and evaluating results of operations and useful measures for period-to-period comparisons of the company's business performance as they are metrics used by management in assessing the health of the company’s business and operating performance, making operating decisions, and performing strategic planning and annual budgeting. These measures are not prepared in accordance with GAAP and have limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our results of operations as reported under GAAP. In addition, other companies may not calculate non-GAAP financial measures in the same manner as we calculate them, limiting their usefulness as comparative measures. You are encouraged to evaluate the adjustments and the reasons we consider them appropriate. Some amounts in this press release may not add due to rounding. Adjusted EBITDA We calculate Adjusted EBITDA as net income (loss) adjusted to exclude depreciation and amortization, stock-based compensation expense, interest income, interest expense, employer taxes related to employee equity transactions, (gain) loss on debt extinguishment, other (income) expense, net, income tax provision, and significant and non-recurring legal matters, net of insurance recoveries. Adjusted EBITDA should not be considered as an alternative to net income (loss) or any other measure of financial performance calculated and presented in accordance with GAAP. Effective with the second fiscal quarter of 2025, we revised our definition of Adjusted EBITDA to include certain significant and non-recurring legal matters, net of insurance recoveries, that we consider to be non-recurring and not reflective of our ongoing operations. This change better aligns Adjusted EBITDA with how management evaluates our core operating performance. This updated definition has been applied prospectively, beginning with the three months ended June 30, 2025. Prior period results have not been recast, as the change does not impact any previously reported amounts. Some of the limitations of Adjusted EBITDA include (i) Adjusted EBITDA does not properly reflect capital spending that occurs off of the income statement or account for future contractual commitments, (ii) although depreciation and amortization are non-cash charges, the underlying assets may need to be replaced and Adjusted EBITDA does not reflect these capital expenditures and (iii) Adjusted EBITDA does not reflect the interest and principal required to service our indebtedness. In evaluating Adjusted EBITDA, you should be aware that in the future we expect to incur expenses similar to the adjustments in this release. Our presentation of Adjusted EBITDA should not be construed as an inference that future results will be unaffected by these expenses or any unusual or non-routine items. When evaluating performance, you should consider Adjusted EBITDA alongside other financial performance measures, including net income (loss) and other GAAP results. Adjusted EBITDA Margin Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net revenue. Because of the limitations described above, you should consider Adjusted EBITDA and Adjusted EBITDA Margin alongside other financial performance measures, including net loss, net loss margin, and other GAAP results. View source version on businesswire.com: https://www.businesswire.com/news/home/20251106323681/en/ Contacts Eventbrite Investor Relations investors@eventbrite.com Terms and Privacy Policy Privacy & Cookie Settings More Info
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