Eventbrite Reports Second Quarter 2020 Financial Results

Paid ticket volume improved in each month of the second quarter

Tickets to online events grew to 27 million, a 32-fold year-to-year increase

Advance payout balance reduced by 31% from early March

Expense reduction plan yielding cost savings ahead of plan

SAN FRANCISCO--(BUSINESS WIRE)--Eventbrite, Inc. (NYSE: EB), a global self-service ticketing and experience technology platform, today posted its financial results for the quarter ended June 30, 2020. You can find the Second Quarter 2020 Shareholder Letter on Eventbrite’s Investor Relations website at https://investor.eventbrite.com.

“Our second quarter results demonstrate the resilience and ingenuity of our creators as well as Eventbrite’s ability to adapt to their needs in any environment,” said Julia Hartz, Eventbrite’s Co-Founder and Chief Executive Officer. “With the help of our platform, creators have turned to online and free events to stay connected with their audiences, who continue to show strong demand for live experiences. Although we expect the near-term environment for in-person events to remain challenging as a result of the ongoing impact of COVID-19, we are encouraged by steadily improving monthly ticket sales on the platform.”

Earnings Webcast Information

Eventbrite will host a live Q&A session today at 2:00 p.m. Pacific Time to discuss the company’s second quarter financial results. The webcast of the conference call can be accessed as follows:

Event: Eventbrite Second Quarter 2020 Earnings Conference Call
Date: Thursday, August 6, 2020
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Live Webcast Site: https://investor.eventbrite.com

An archived webcast of the conference call will also be accessible on Eventbrite’s Investor Relations page, https://investor.eventbrite.com.

About Eventbrite

Eventbrite is a global self-service ticketing and experience technology platform that serves a community of nearly one million event creators in over 180 countries. Since inception, Eventbrite has been at the center of the experience economy, transforming the way people organize and attend events. The company was founded by Julia Hartz, Kevin Hartz and Renaud Visage, with a vision to build a self-service platform that would make it possible for anyone to create and sell tickets to live experiences. The Eventbrite platform provides an intuitive, secure, and reliable service that enables creators to plan and execute their live and online events, whether it’s an annual culinary festival attracting thousands of foodies, a professional webinar, a weekly yoga workshop or a cooking class. With over 300 million tickets distributed to more than 4 million experiences in 2019, Eventbrite is where people all over the world discover new things to do or new ways to do more of what they love. Learn more at www.eventbrite.com.