Eventbrite has seen its net revenue drop 14% year-over-year and has also posted a net loss of $6.6m (£5m/€5.9m) for the first quarter of 2025.
Net revenue fell to $73.8m from $86.23m for the first quarter, while the net loss of $6.6m marked an increase on the net loss of $4.5m in the same period the year prior.
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the three months ending March 31, 2025 reached $4.6m, a 56% drop compared to $10.4m during the same period last year. Adjusted EBITDA margin equalled 6%, a drop on the 12% posted at this time in 2024.
More than 19.5 million paid-for tickets were secured during the first quarter, an 8% decrease on the 21.2 million purchased this time last year. Gross ticket sales amounted to $775, compared to $854m during Q1 in 2024.
Total assets equalled $812.3m compared to $752.3m, and total liabilities reached $639m for the first quarter of 2025 compared to $582 last year.
“We’re off to a solid start in 2025, with first quarter results landing at the high end of our guidance,” said Julia Hartz, co-founder, chief executive and executive chair of Eventbrite.
“Our disciplined execution is delivering tangible results: paid tickets, paid creators, and paid events all improved for the third straight quarter. Creators are increasingly winning with high-leverage tools like Timed Entry and Eventbrite Ads, while our rebranded app is driving stronger consumer engagement. The early success we’re seeing reinforces our conviction in the path ahead—one focused on returning Eventbrite to sustainable, profitable growth.”
Chief financial officer Anand Gandhi added: “We delivered on our first quarter financial outlook and are encouraged by the progress we’re making on our key strategic initiatives.
“We are seeing wins across the business due to strong execution, while maintaining firm financial discipline throughout our business operations. We believe that our continued focus on controlling operating expenses and delivering margin improvement positions us to return to growth with increased profitability.”