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
Former Eventbrite Music Account Director Joins Festicket
The music festival experience platform Festicket announced the appointment of Ed Walsh as the Strategic Commercial Director this week. Walsh, who was known as the former Music Account Director at Eventbrite for the past two years, will help provide industry insight in his new role. While at Eventbrite, Walsh... Read more
Harry Potter Fans Demand Refunds For Non-Magical ‘Scam’ Event
When an adults-only Harry Potter-themed event was coming to Montreal, Potter Heads were quick to buy $50 tickets. However, the event, which promised a magical night filled with music, photo ops, and themed-cocktails, was nothing like fans expected. Ahead of the event, LIVEMTL ran a story, noting that the... Read more
Eventbrite Clients Express Anger Over Friday Outage
Eventbrite (NYSE: EB) saw a lengthy outage in service on Friday, impacting many clients and their ability to sell tickets, according to multiple outlets. The outage was caused by a malfunction of a feed that populates events on sale in the Eventbrite system to individual venue websites, according to... Read more