Eventbrite, Inc. - EB STOCK NEWS

Eventbrite, Inc. (NYSE:EB) reported a 43% increase in revenue, reaching $66.0 million for Q2 2022, aligning with previously raised guidance. The company achieved a 37% year-over-year growth in paid ticket volume, totaling 21.9 million tickets, driven by increased event size and volume. Notably, Eventbrite posted a positive adjusted EBITDA for the fourth consecutive quarter, showcasing its continued financial resilience.

Eventbrite (NYSE: EB) has appointed John Adcock as Chief People Officer, a role in which he will oversee talent acquisition and employee development. With over 25 years of HR leadership experience from companies like RetailMeNot and Care.com, Adcock aims to enhance collaboration and employee engagement. CEO Julia Hartz highlighted his proven track record in cultivating talent and fostering a people-first culture, crucial for the company's growth. This move signifies Eventbrite's commitment to investing in its workforce and creating an adaptable culture.

Eventbrite, Inc. (NYSE: EB) will release its financial results for the second quarter ending June 30, 2022, after market closure on Thursday, July 28, 2022. Following this, the company will share a Shareholder Letter on its Investor Relations website, followed by a webcasted conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results.

Eventbrite is a self-service ticketing and marketing platform, supporting event creators globally.

Eventbrite (NYSE: EB) has elected April Underwood to its Board of Directors as a Class I Director. Underwood, co-founder of #ANGELS, brings extensive experience in technology, having held leadership roles at Slack, Twitter, Google, and others. CEO Julia Hartz highlighted Underwood's valuable expertise in technology startups and product strategy, which is expected to enhance Eventbrite’s community impact. The company has distributed over 290 million tickets for over 5 million events in 2021 across nearly 180 countries, emphasizing its commitment to supporting event creators worldwide.

Eventbrite (NYSE: EB) has launched The Social Connection Project in collaboration with actress Marsai Martin. This multi-year initiative aims to combat social isolation, particularly among youth, by offering free events that promote meaningful connections. The project responds to growing concerns about loneliness, with 79% of Gen Z reporting feelings of isolation. Eventbrite's extensive platform facilitated over 5.4 million events globally in 2021, emphasizing its role in connecting communities. Partnerships with mental health organizations will further support this initiative.

Eventbrite (NYSE: EB) announced that its CFO, Lanny Baker, will participate in a fireside chat at the Stifel Cross Sector Insight Conference on June 7, 2022, at 3:35 p.m. ET. The event will be accessible via a live webcast and replay on Eventbrite's investor relations website.

With a presence in nearly 180 countries, Eventbrite is a self-service platform that allows users to create and sell tickets to various events. In 2021 alone, the platform distributed over 290 million tickets to more than 5 million experiences.

Eventbrite (NYSE: EB) expects its Q2 2022 revenue to surpass previous outlook, with estimates between $64 million and $66 million, up from $60 million to $63 million. The company anticipates positive Adjusted EBITDA for the fourth consecutive quarter, driven by a robust product roadmap aimed at enhancing event marketing. During its Investor and Analyst Day, Eventbrite will highlight long-term growth strategies and its transition from a ticketing service to a comprehensive growth platform.

Eventbrite (NYSE: EB) announced its upcoming Investor and Analyst Day on June 2, 2022, in New York City. Scheduled from 8:30 AM to 12:30 PM ET, the event will feature presentations by CEO Julia Hartz and other senior executives, focusing on the company’s market opportunities, long-term strategy, product roadmap, and financial objectives. Interested attendees must register in advance. A live webcast and supporting materials will be available on the Eventbrite Investor Relations website.

Eventbrite reported a $55.9 million revenue for Q1 2022, representing a 101% increase from the same quarter in 2021. This growth is fueled by a 76% rise in paid ticket volume, reaching 18.1 million tickets sold as in-person events resumed. Notably, the company has achieved a positive adjusted EBITDA for the third consecutive quarter, indicating effective management and operational success.