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Eventbrite (EB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
EB boosts growth with creator-focused innovations and strong consumer engagement but struggles with creator retention.
Eventbrite's free-tier model boosts creator acquisition, while its expanding consumer reach signals growth potential despite ticket volume declines.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SAN FRANCISCO--(BUSINESS WIRE)--Eventbrite (NYSE: EB), a global marketplace for shared experiences, today announced that Chief Operating Officer Lanny Baker plans to depart from the company, effective December 31, 2024, to accept a senior executive position outside of the organization. Baker, who was appointed COO in 2024, joined Eventbrite as Chief Financial Officer in 2019 and was instrumental in setting a strong financial foundation during his tenure. Baker will work closely with Eventbrite'.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
Eventbrite, Inc. (NYSE:EB ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Katie Pickett - Investor Relations Julia Hartz - Co-Founder and Chief Executive Officer Lanny Baker - Chief Operating and Financial Officer Conference Call Participants Cameron Mansson-Perrone - Morgan Stanley Justin Patterson - KeyBanc Capital Hamed Khorsand - BWS Financial Naved Khan - B. Riley Securities Operator Good afternoon, everyone, and welcome to the Eventbrite, Inc. Second Quarter 2024 Earnings Conference Call.
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Friday.
Eventbrite (EB) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.03 per share a year ago.