Eventbrite Reports Second Quarter 2025 Financial Results

Delivers Net Revenue of $72.8 million at High End of Outlook Range

Reports Net Loss of $2.1 Million

Achieves Adjusted EBITDA Margin of 8.8%, Exceeding Guidance

Strengthens Balance Sheet with New $60 Million Term Loan A and $125 Million 2026 Note Repurchase

Updates Fiscal Year 2025 Outlook

Eventbrite (NYSE:EB), a global marketplace for shared experiences, reported its financial results for the second quarter ended June 30, 2025. The Company's Second Quarter Investor Presentation can be found on Eventbrite's Investor Relations website at https://investor.eventbrite.com.

"Our second quarter financial results demonstrate how our focused execution is driving operational performance, while delivering sustainable bottom-line improvement," said Julia Hartz, Co-Founder, Chief Executive Officer, and Executive Chair. "Following the strategic initiatives we put in place over the past year, we saw continued improved trends for paid events, paid creators, and paid tickets, and in July, the improvement in paid ticket trends accelerated meaningfully, bringing us closer to our goal of returning to growth. We believe we are on the right path and the progress we are achieving positions us for an even brighter future."

"We delivered on our outlook for the quarter, with net revenue at the top of our guidance range and Adjusted EBITDA margin significantly above expectations," said Anand Gandhi, Chief Financial Officer. "Our continued progress in reducing operating expenses is driving structural improvements to our cost base and substantial margin expansion, positioning us to generate greater cash flow as we return to growth. We also refined our capital structure, securing a term loan that provides us greater liquidity and optionality for the next four years, and repurchasing a large portion of our 2026 convertible notes at a discount to par. These improvements to our cost structure and balance sheet provide us with a solid financial foundation to deliver sustained profitable growth."

Second Quarter 2025 Highlights

• Net revenue of $72.8 million, declined 14% year-over-year as anticipated, driven in part by the elimination of organizer fees, and was at the top end of the Company's quarterly outlook range.
• Eventbrite Ads continued to grow rapidly, up 50% year-over-year.
• Net loss of $2.1 million compared to net income of $1.1 million in the same period last year, which included a net benefit of $8.3 million due to a legal settlement gain recognized in June 2024.
• Adjusted EBITDA of $6.4 million and Adjusted EBITDA margin of 8.8% exceeded the Company's outlook range.¹
• Paid ticket volume of 19.7 million, declined 7% year-over-year, improving 40 basis points from the quarter ended March 31, 2025 and representing the Company's third consecutive quarter of improvement in year-over-year trends.
• Paid creators of over 168,000, declined 5% year-over-year, improving 200 basis points from the quarter ended March 31, 2025 and representing the Company's third consecutive quarter of improvement in year-over-year trends.

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):

Business Outlook

For the third quarter 2025, the Company expects net revenue in the range of $70 million to $73 million and an Adjusted EBITDA margin of approximately 7%, excluding non-routine items.

For fiscal year 2025, the Company expects to achieve monthly year-over-year growth in paid ticket volume by the end of the year. Due to trends in tickets per creator, the Company updated its full-year revenue outlook range to $290 million to $296 million. As a result of the Company's significant reductions in operating expenses, it raised its full-year Adjusted EBITDA margin outlook to approximately 7%, excluding non-routine items.

The Company has not provided an outlook for GAAP net income (loss) or GAAP net income (loss) margin or reconciliations of expected Adjusted EBITDA to GAAP net income (loss) or expected Adjusted EBITDA margin to GAAP net income (loss) margin because GAAP net income (loss) and GAAP net income (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 Second Quarter 2025 Earnings Conference Call

Date: Thursday, August 7, 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.

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 expense, interest income, employer taxes related to employee transactions, other (income) expense net, which consists of foreign exchange rate gains and losses, income tax provision (benefit), 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.

Beginning in the current fiscal quarter, we updated 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 change in definition is applied prospectively beginning with the three months ended June 30, 2025. Prior periods have not been recast, as there is no impact to 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.

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Eventbrite Investor Relations

[email protected]