Eventbrite Reports $73.8 Million Revenue in Q1 2025, Down 14% Year-Over-Year

Eventbrite, Inc. reported a net revenue of $73.8 million for the first quarter of 2025, a decrease of 14% from $86.3 million in the same period of the previous year. The decline in revenue was primarily attributed to a reduction in ticketing revenue due to lower paid ticket volume and changes in organizer fees, including the discontinuation of the Flex plan and adjustments to the Pro plan pricing. The company's gross profit also fell to $49.4 million, down from $61.2 million, resulting in a gross margin of 67%, compared to 71% in the prior year.

Operating expenses for the quarter were $59.2 million, down from $68.8 million in the first quarter of 2024. The decrease was driven by lower product development costs, which fell by 22% to $20.9 million, and a 21% reduction in general and administrative expenses to $16.7 million. However, sales and marketing expenses increased by 3% to $21.5 million as the company expanded its sales organization. Despite the reduction in operating expenses, Eventbrite reported a net loss of $6.6 million, compared to a net loss of $4.5 million in the same quarter last year.

In terms of operational metrics, Eventbrite's paid ticket volume decreased to 19.6 million tickets sold, down from 21.2 million in the prior year. The company also reported a cash and cash equivalents balance of $502.9 million as of March 31, 2025, an increase from $416.5 million at the end of 2024. The company’s accounts payable to creators rose to $352.4 million, reflecting the timing of ticket sales and advance payouts. Eventbrite's total assets increased to $812.3 million, up from $752.3 million at the end of the previous fiscal year.

Looking ahead, Eventbrite anticipates that its existing cash reserves, along with cash generated from operations, will be sufficient to meet its anticipated cash needs for at least the next 12 months. The company continues to focus on enhancing its platform and expanding its capabilities, while also managing costs effectively. However, it acknowledges potential risks related to macroeconomic conditions, including shifts in consumer behavior and inflation, which could impact its financial performance.