Eventbrite reported yet another Year-over-Year down quarter with Ticket sales down, Net Revenue down and a larger net income loss. More information in their Financial Report and Presentation. Growth Comparison with RunSignup Here is the ticket volume and a comparison with RunSignup…
Read MoreEventbrite reported yet another tough quarter in Q4 of 2024. Paid ticket volume was down 10%. Initial market reaction has been very negative with the stock down 23% in early trading on the morning after. The company now has a market capitalization…
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Stop giving Eventbrite your attendee data. We’ve had a number of fed-up Eventbrite customers reach out following the announcement of our Eventbrite Migration Assistance Program. One event organizer expressed his frustration that Eventbrite sends marketing emails for other events to his attendees….
Read MoreEventbrite’s triple strategy of being a two sided marketplace, increasing prices and offshoring jobs to decrease costs ran into reality in Q2, 2024. Let’s break down each and then dive into our normal comparative analysis. Not a Marketplace This chart from their…
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California Law Effective July 1 Will Require All Listed Pricing Includes Processing Fees “Beginning July 1, 2024, the “Honest Pricing Law” or “Hidden Fees Statute,” SB 478, makes it illegal for businesses to advertise or list a price for a good or…
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Wall Street cheered the higher “Take Rate” and Revenue that Eventbrite generated for themselves in their Q1 2024 Report: However, we see some fundamental problems. Starting with the drop of 8% in their tickets sold in Q1 2024 vs. Q1 2023. RunSignup…
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A growing number of events are moving from Eventbrite to TicketSignup. Many Eventbrite customers are frustrated with new subscription fees and price increases. Beyond pricing, there are many features on TicketSignup that help events make money, cut costs, and save time. This…
Read MoreEventbrite announced their third quarter earnings yesterday (11/1/23). We track them closely as they are the largest vendor in the ticket market and their results are public, so it serves as a good benchmark for our business. You can view their various…
Read MoreIn spite of their marketing spin, Eventbrite is not a good Marketplace for events. They take event traffic and participants and sell it to other events and claim credit for that. Here is a Google search of an example event on Eventbrite…
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Eventbrite had their Q2 2023 Earnings Call last week, and it appears they are doubling down on “take rate” as their key strategy, with a secondary strategy of lowering costs. That means more for them, and higher costs for customers. I have…
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Eventbrite now charges every event that sells more than 25 tickets a subscription fee. While they did not announce the price increase, their main pricing page now has 2 pricing options for events. Events can pay Eventbrite subscription fees per event or…
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Eventbrite reported their Q1 2023 earnings yesterday. We watch this carefully for signs of health in the overall event industry, as well as understanding our largest competitor and how we compare and contrast. The information below is taken from the Shareholder Letter,…
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