Eventbrite Settles Stockholder Lawsuit for $1.9 Million
Investors who sued Eventbrite claiming the company misled them in its initial public offering have negotiated a $1.9 million settlement, accepting a lower payout than hoped due to the crunch on the company and industry from the coronavirus pandemic. The lawsuits were filed after a pair of sharp drops... Read more
Eventbrite Stock Buoyed by Better than Expected Earnings
Eventbrite stock has ticked upward following the release of the company’s Q2 earnings report, up five pecent at mid-day compared to its close Thursday. Revenue was down 90 percent compared to a year ago – similar to Live Nation’s dismal numbers released Wednesday – but the company lost 44... Read more
Eventbrite Launches COVID-19 ‘Safety Playbook For Events’
As the live event industry starts to build itself back up amid the coronavirus pandemic, Eventbrite has launched an actionable playbook to help creators move forward following widespread cancellations. The guide, dubbed COVID-19 Safety Playbook, was developed by top risk management and health experts, giving guidance regarding new safety... Read more
Eventbrite Secures $225M Financing Round
Ticketing platform Eventbrite revealed news earlier this week of a $225 million investment from Francisco Partners to help fund the company’s long-term growth. The announcement follows news of Eventbrite’s 2020 Quarter 1 revenue report, which showed that in the company brought in a revenue of $49.1 million during the... Read more
Eventbrite Shares 2020 Earnings Report To Shareholders
In a letter to shareholders this week, ticketing site Eventbrite shared their 2020 First Quarter earnings amid the coronavirus pandemic. Within days of learning of the virus, Eventbrite said they mobilized to strengthen Eventbrite and support its creators by migrating live events, flexed on their refund policy and partnered... Read more
Eventbrite Lays Off 45 Percent Of Workforce Amid Pandemic
Ticketing platform Eventbrite announced to its staff this week that it is laying off 45% of the company during the coronavirus pandemic, which includes many employees from its music division, Billboard reports. While coronavirus causes massive revenue cuts across the music industry, ticketing sites are doing whatever they can... Read more
Eventbrite Withdraws 2020 Business Outlook Due to Impact of COVID-19
Ticketing and events business Eventbrite announced that the ongoing coronavirus (COVID-19) pandemic has directly impacted its business outlook and said it is withdrawing its outlook for the first quarter of 2020 due to the “growing impact” of the outbreak. Fans across the globe head to Eventbrite to buy tickets... Read more
Live Event Company Stocks Plummet As Market Woes Continue
All eyes are on the stock market as a period of uncertainty is dragging down share values. But as the S&P 500 dropped seven percent to begin the week, live event companies are particularly hurting with some stocks reaching 52-week lows. Live Nation Entertainment (LYV) neared a 52-week high... Read more
Eventbrite Pushes For Investor Suit To Be Dismissed
Eventbrite asked a Californian court to dismiss a lawsuit from investors who claim they were misled by the company, citing thet the plaintiffs failed to identify any false or misleading statements to support their claim. A handful of Eventbrite investors claimed that the Ticketfly integration was challenging, which is... Read more
Eventbrite Hires Industry Veteran To Head Asia-Pacific
Eventbrite revealed this week that industry veteran Josh McNicol will join the Asia-Pacific region team as the new general manager. In his new role, McNicol will oversee a team of more than 40 individuals across Australia, New Zealand, and Singapore. Previously, he worked at the mobile payments company Square,... Read more