eb-20250630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________________________________________________

FORM 10-Q

____________________________________________________________________________


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File Number: 001-38658

_______________________________________________________________________________

EVENTBRITE, INC.

(Exact name of registrant as specified in its charter)

________________________________________________________________________________


Delaware			14-1888467
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)
95 Third Street, 2nd Floor San Francisco, CA 94103 (Address of principal executive offices) (Zip Code) (415) 692-7779 (Registrant's telephone number, including area code) Not applicable (Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol(s)	Name of each exchange on which registered
Class A common stock, $0.00001 par value	EB	New York Stock Exchange LLC

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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☐	Accelerated filer	☒
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of July 31, 2025, 80,853,054 shares of Registrant's Class A common stock and 15,647,029 shares of Registrant's Class B common stock were outstanding.

Table of Contents

EVENTBRITE, INC.

TABLE OF CONTENTS



		Page
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS		1

PART I. FINANCIAL INFORMATION
Item 1.	Unaudited Condensed Consolidated Financial Statements	2
	Condensed Consolidated Balance Sheets	2
	Condensed Consolidated Statements of Operations	3
	Condensed Consolidated Statements of Stockholders' Equity	4
	Condensed Consolidated Statements of Cash Flows	6
	Notes to Unaudited Condensed Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	22
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	31
Item 4.	Controls and Procedures	31

PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	32
Item 1A.	Risk Factors	32
Item 2.	Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities	35
Item 3.	Defaults Upon Senior Securities	35
Item 4.	Mine Safety Disclosures	35
Item 5.	Other Information	35
Item 6.	Exhibits	36
Signatures		37

Table of Contents

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words 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 our expectations, strategy, plans or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements related to our future financial or operational results; our Convertible Notes (as defined below); our future financial performance, including our revenue, costs of revenue and operating expenses; our anticipated growth and growth strategies; our advance payout program; the sufficiency of our cash, cash equivalents and investments to meet our liquidity needs; our ability to successfully defend litigation brought against us and the potential effect of any current litigation on our business, financial position, results of operations or liquidity.

The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors, including those described in the section titled "Risk Factors" and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2024 and this Quarterly Report on Form 10-Q. We caution you that the foregoing list may not contain all of the forward-looking statements made in this Quarterly Report on Form 10-Q. You should not rely upon forward-looking statements as predictions of future events.

All forward-looking statements are based on information and estimates available to the Company at the time of this Quarterly Report on Form 10-Q and are not guarantees of future performance. We undertake no obligation to update any forward-looking statements made in this Quarterly Report on Form 10-Q to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q or to reflect new information or the occurrence of unanticipated events, except as required by law.

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Unaudited Condensed Consolidated Financial Statements


EVENTBRITE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value amounts and share data) (Unaudited)
	June 30, 2025		December 31, 2024
Assets
Current assets
Cash and cash equivalents	$	490,504	$	416,531
Funds receivable	25,006		37,629
Short-term investments, at amortized cost	—		24,959
Accounts receivable, net	716		2,187
Creator signing fees, net	2,452		3,954
Creator advances, net	6,810		3,380
Restricted cash	48,000		48,000
Prepaid expenses and other current assets	16,735		15,856
Total current assets	590,223		552,496

Creator signing fees, net, noncurrent	4,057		3,575
Property and equipment, net	10,356		12,640
Operating lease right-of-use assets	664		823
Goodwill	174,388		174,388
Acquired intangible assets, net	1,264		5,014
Other assets	3,113		3,365
Total assets	$	784,065	$	752,301
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable, creators	$	322,045	$	300,174
Accounts payable, trade	749		1,407
Chargebacks and refunds reserve	10,573		10,315
Accrued compensation and benefits	9,314		4,825
Accrued taxes	4,475		5,932
Current portion of long-term debt	29,895		29,781
Operating lease liabilities	1,494		2,071
Other accrued liabilities	11,734		11,868
Total current liabilities	390,279		366,373
Accrued taxes, noncurrent	5,016		4,278
Operating lease liabilities, noncurrent	9		377
Long-term debt	211,455		210,938
Other liabilities	109		106
Total liabilities	606,868		582,072
Commitments and contingencies (Note 16)
Stockholders’ equity
Preferred stock, $0.00001 par value; 100,000,000 shares authorized, no shares issued or outstanding as of June 30, 2025 and December 31, 2024	—		—
Common stock, $0.00001 par value; 1,100,000,000 shares authorized; 96,247,958 shares issued and outstanding as of June 30, 2025; 94,282,883 shares issued and outstanding as of December 31, 2024	1		1
Treasury stock, at cost; 10,201,720 shares of common stock as of June 30, 2025 and December 31, 2024	(50,286)		(50,159)
Additional paid-in capital	1,067,205		1,051,392
Accumulated deficit	(839,723)		(831,005)
Total stockholders’ equity	177,197		170,229
Total liabilities and stockholders’ equity	$	784,065	$	752,301

(See accompanying Notes to Unaudited Condensed Consolidated Financial Statements)

Table of Contents


EVENTBRITE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(Unaudited)
	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net revenue	$	72,758	$	84,551	$	146,591	$	170,803
Cost of net revenue	23,651		24,611		48,057		49,643
Gross profit	49,107		59,940		98,534		121,160
Operating expenses
Product development	18,161		26,057		39,098		52,741
Sales, marketing and support	20,399		24,521		41,922		45,390
General and administrative	16,887		15,816		33,578		37,053
Total operating expenses	55,447		66,394		114,598		135,184
Loss from operations	(6,340)		(6,454)		(16,064)		(14,024)
Interest income	3,961		7,382		7,715		14,789
Interest expense	(1,094)		(2,806)		(2,174)		(5,606)

Other income (expense), net	2,211		3,725		3,418		2,472
Income (loss) before income taxes	(1,262)		1,847		(7,105)		(2,369)
Income tax provision	845		784		1,613		1,058
Net income (loss)	$	(2,107)	$	1,063	$	(8,718)	$	(3,427)
Net income (loss) per share
Basic	$	(0.02)	$	0.01	$	(0.09)	$	(0.04)
Diluted	$	(0.02)	$	0.01	$	(0.09)	$	(0.04)
Weighted-average number of shares outstanding used to compute net income (loss) per share
Basic	96,114		96,142		95,442		95,557

SEC Form 10-Q filed by Eventbrite Inc.