STOCK TITAN

Eventbrite Reports Second Quarter 2021 Financial Results

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Eventbrite, Inc. (NYSE:EB) reported strong Q2 2021 results, attributing growth to increased demand for live events as pandemic restrictions eased. The company hosted a record number of events, with a steady rise in paid ticket volume. CEO Julia Hartz noted a strategic focus on product development to support creators and ensure long-term growth. Eventbrite emphasizes its commitment to innovation and enhancing user experience in a recovering market.

Positive
  • Record number of events hosted on the platform.
  • Steady increase in paid ticket volume.
  • Strong financial results reflecting demand for live gatherings.
  • Strategic focus on product development aimed at long-term growth.
Negative
  • None.

Eventbrite, Inc. (NYSE:EB), a global self-service ticketing and experience technology platform, today posted its financial results for the quarter ended June 30, 2021. The Second Quarter 2021 Shareholder Letter can be found on Eventbrite’s Investor Relations website at https://investor.eventbrite.com.

“As restrictions on in-person gatherings eased during the second quarter of 2021, Eventbrite’s creators and their audiences re-emerged in force. Our creators hosted a record number of events on the Eventbrite platform in the quarter, and paid ticket volume rose steadily throughout the quarter. Our strong financial results reflect the demand for live gathering, as well as the benefits of our strategic focus and increased operating leverage,” said Julia Hartz, Eventbrite co-founder and Chief Executive Officer. “Heading into the second half of the year, we plan to continue our investment in product development to address creators’ needs and lay the foundation for long-term growth as the journey continues toward a full reopening and return to live experiences.”

Earnings Webcast Information

Eventbrite will host a live Q&A session today at 2:00 p.m. Pacific Time to discuss the company’s second quarter financial results. The webcast of the conference call can be accessed as follows:

Event: Eventbrite Second Quarter 2021 Earnings Conference Call
Date: Thursday, August 5, 2021
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 also be accessible on Eventbrite’s Investor Relations page, https://investor.eventbrite.com.

About Eventbrite

Eventbrite is a global self-service ticketing and experience technology platform that serves a community of hundreds of thousands of event creators in nearly 180 countries. Since 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 would make it possible for anyone to create and sell tickets to live experiences. The Eventbrite platform provides an intuitive, secure, and reliable service that enables creators to plan and execute their live and online events, whether it’s an annual culinary festival attracting thousands of foodies, a professional webinar, a weekly yoga workshop or a youth dance class. With over 200 million tickets distributed to more than 4 million experiences in 2020, Eventbrite is where people all over the world discover new things to do or new ways to do more of what they love.

FAQ

What were Eventbrite's Q2 2021 financial results?

Eventbrite showed strong performance in Q2 2021, hosting a record number of events and seeing a rise in paid ticket volume.

How is Eventbrite planning to grow after Q2 2021?

Eventbrite plans to invest in product development to address creators' needs and support long-term growth.

What strategies is Eventbrite implementing for future events?

The company is focusing on enhancing its platform and ensuring a robust return to live experiences.

When is the next Eventbrite earnings call?

The next earnings call will be held on August 5, 2021, at 2:00 p.m. Pacific Time.

Eventbrite, Inc.

NYSE:EB

EB Rankings

EB Latest News

EB Stock Data

341.02M
77.27M
4.04%
83.93%
5.97%
Software - Application
Services-computer Programming, Data Processing, Etc.
Link
United States of America
SAN FRANCISCO