Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

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Equity Bottom-Up

<ul>
<li>EB is continuing with its efforts to become a marketplace for events after reporting more than 24 million tickets were sold in the first quarter.</li>
<li>EB has been trying to win back paid creators after many left the platform last year due to higher costs for events on EB’s marketplace</li>
<li>While revenue was in line with consensus estimates, EB reported its third consecutive quarter with gross margin above 70 percent</li>
</ul>


EB is continuing with its efforts to become a marketplace for events after reporting more than 24 million tickets were sold in the first quarter.
EB has been trying to win back paid creators after many left the platform last year due to higher costs for events on EB’s marketplace
While revenue was in line with consensus estimates, EB reported its third consecutive quarter with gross margin above 70 percent


External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Key points<ul><li>Eventbrite has reduced friction in the customer experience to scale efficiently</li><li>Expanded offerings include reserved seating, merchandise sales, and on-site check-in</li><li>Eventbrite has become a one-stop shop for event creators, increasing customer satisfaction and retention</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key pointsEventbrite has reduced friction in the customer experience to scale efficientlyExpanded offerings include reserved seating, merchandise sales, and on-site check-inEventbrite has become a one-stop shop for event creators, increasing customer satisfaction and retentionThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Eventbrite Inc (EB) - Wednesday, Dec 13, 2023

<ul>
<li>EB reported a decline in the number of tickets and total events held in the fourth quarter as EB continues to adjust its business to the higher price structure.</li>
<li>EB reported Q4 revenue of $87.8 million, which was slightly lower than our forecast of $88.3 million. EB experienced a decline in the number of events and tickets sold</li>
<li>The disappointment in the quarter was from EB’s management’s commentary where they were realizing several of their paid creators had left the platform after the price increase was announced</li>
</ul>


EB reported a decline in the number of tickets and total events held in the fourth quarter as EB continues to adjust its business to the higher price structure.
EB reported Q4 revenue of $87.8 million, which was slightly lower than our forecast of $88.3 million. EB experienced a decline in the number of events and tickets sold
The disappointment in the quarter was from EB’s management’s commentary where they were realizing several of their paid creators had left the platform after the price increase was announced


<ul>
<li>We are initiating coverage of Eventbrite (EB) with a Buy Rating and $12 target.</li>
<li>Eventbrite benefits from social change where in-person meet ups are celebrated more so than virtual events.</li>
<li>Eventbrite fills the void of online dating apps. The popularity of online dating apps is dwindling, and Eventbrite should benefit from this growing trend.</li>
</ul>


We are initiating coverage of Eventbrite (EB) with a Buy Rating and $12 target.
Eventbrite benefits from social change where in-person meet ups are celebrated more so than virtual events.
Eventbrite fills the void of online dating apps. The popularity of online dating apps is dwindling, and Eventbrite should benefit from this growing trend.


EB: Brightening Up the Portfolio, Initiating with Buy

<ul>
<li>EB is leveraging its balance sheet to solidify the top position as an event marketplace. </li>
<li>The pricing plan at EB is not much different than its peers and we view it as more of EB catching up to the rest of the other event sites.</li>
<li>The pricing model should become a source of revenue and adjusted EBITDA growth. EB’s competitors have different pricing plans that can make it costly for event creators</li>
</ul>


EB is leveraging its balance sheet to solidify the top position as an event marketplace. 
The pricing plan at EB is not much different than its peers and we view it as more of EB catching up to the rest of the other event sites.
The pricing model should become a source of revenue and adjusted EBITDA growth. EB’s competitors have different pricing plans that can make it costly for event creators


United States

Eventbrite, Inc. operates as a platform as a service company. The Company offers a platform that allows users to provide online event planning services, as well as publishes, promotes, and sells tickets through social networks and e-mails. Evenbrite operates in the United States.

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