Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Equity Bottom-Up

<ul>
<li>EB continues to face challenges in its go to market strategy with paid creators not using the platform like they were in the past. </li>
<li>EB is now in the predicament where it plans to cut more costs out to reshape operations as the revenue base is now expected to be lower than expected.</li>
<li>Our timing on EB was on the expectation event creators would not move away because competition was also charging a fee. EB is now trading at near ZERO enterprise value. </li>
</ul>


EB continues to face challenges in its go to market strategy with paid creators not using the platform like they were in the past. 
EB is now in the predicament where it plans to cut more costs out to reshape operations as the revenue base is now expected to be lower than expected.
Our timing on EB was on the expectation event creators would not move away because competition was also charging a fee. EB is now trading at near ZERO enterprise value. 


<ul>
<li>EB has teamed up with TikTok in an integration that could lead to a sharp increase in new creators and overall traffic on EB’s marketplace.</li>
<li>TikTok announced on its blog that EB has been integrated to allow content creators to manage and promote events within their TikTok content.</li>
<li>The integration would enable followers to purchase tickets to creators’ events straight from TikTok without having to leave the platform.</li>
</ul>


EB has teamed up with TikTok in an integration that could lead to a sharp increase in new creators and overall traffic on EB’s marketplace.
TikTok announced on its blog that EB has been integrated to allow content creators to manage and promote events within their TikTok content.
The integration would enable followers to purchase tickets to creators’ events straight from TikTok without having to leave the platform.


<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 (VIC)

External reports (aggregated public sources)

Value Investors Club

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


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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