Featured Image: Diego Sulivan on Unsplash
Eventbrite’s net revenue fell by roughly 13% in the final quarter of 2024, though its overall earnings remained fairly similar.
Net revenue for 2024 in total reached $325m (£257m/€311m) compared to $326.1m the year prior, while for the fourth quarter net revenue amounted to $76.4m – down from $87.8m during the same period in 2023.
Gross profit for 2024 totalled $226.6m compared to $223m, an increase of 2%. For the fourth quarter, gross profit reached $52m – a 15% drop from $61.5m during the same period the prior year.
Additionally, net loss increased by 794% from $937,000 to $8.4m during the final quarter of 2024. For the whole year, net loss amounted to $15.6m compared to $26.5m in 2023 which is a difference of 41%. Net loss margin for the three months ended December 31 reached 11% compared to 1% during the same period in 2023, while it totalled 5% for the entire year in 2024 compared to 8% last year.
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) reached $6.5m in the fourth quarter, down from $8.8m during the same period in 2023. Adjusted EBITDA for 2024 totalled $33.5m compared to $28.7m, a 23% increase.
Some 72 million tickets were sold during the three months ending December 31, 2024, while just under 270 million tickets were sold across the year. This equates to a 11% drop from the 302 million sold in 2023.
Ticket sales were worth $794m during the final quarter of 2024, compared to $871.5m in 2023. Gross ticket sales amounted to $3.28bn in 2024, compared to $3.27bn in 2023.
“In the fourth quarter, we delivered revenue at the upper end of our outlook range and exceeded our adjusted EBITDA margin target for fiscal year 2024,” said Julia Hartz, co-founder, chief executive and executive chair of Eventbrite.
“The strategic decisions we made in 2024, including refocusing on ticketing growth, strengthening our creator offering, and enhancing the consumer experience, are delivering results.
“Total and free ticket volumes returned to growth in the quarter, and year-to-year comparisons in paid tickets, paid transacting creators, and paid events improved from the third quarter. With a clear roadmap for 2025 and a disciplined approach to execution, we believe we are well-positioned to drive sustained improvement, scale our marketplace, and unlock long-term value.”
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