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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.
Eventbrite is letting go of about 100 employees, or 11% of its workforce, the company said Thursday. It expects to incur about $7 million in costs associated with the reduction.
Stocks near 52-week lows may feel like incredible bargains, but the savvy should recognize the risks. Dumping these stocks is a strategic move, especially when they continue to trend downward, offering little to no upside potential ahead.
Eventbrite (EB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Eventbrite just finalised its integration with TikTok app, suggesting the app might be here to stay in America.
SAN FRANCISCO--(BUSINESS WIRE)--Eventbrite (NYSE: EB) today is excited to announce a partnership with TikTok, offering event creators a powerful new way to promote their events and sell tickets across a wide range of categories. Now, any Eventbrite creator or TikTok user can add Eventbrite links directly to their TikTok videos, helping users discover event details and purchase tickets without ever leaving the app. With TikTok's ability to spark cultural trends and conversations, it's the perfec.
I gave a buy rating for Eventbrite due to attractive risk-reward situation. EB benefits from a strong flywheel effect and secular tailwind in live events industry. New monetization strategy poses uncertainty, but potential upside is significant if successful.