|Bid||24.90 x 1200|
|Ask||33.98 x 900|
|Day's Range||26.74 - 29.70|
|52 Week Range||24.67 - 40.25|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.40|
Eventbrite was trading as much as 75% higher days after going public, but an uninspiring first quarter as a public company threatens to turn the high-flying debutante into a broken IPO.
Eventbrite Inc. shares dipped almost 5% in extended trading after the company reported better-than-expected sales growth in its first quarterly earnings report as a public company Monday afternoon. The online-ticketing service reported a net loss of $35.6 million, or $1.24 a share, on sales of $73.6 million, up from $50.7 million a year ago. Nearly half of Eventbrite's losses, more than $15 million, were credited to stock-based compensation, which can be especially heavy in the first quarter after an initial public offering. On average, the five analysts tracking Eventbrite predicted losses of 46 cents a share on sales of $71.7 million, according to FactSet. Shares closed Monday with a 5% decline at $30.91, still well higher than the $23 IPO price the company set in September. Shares dipped lower than $30 in immediate late trading following the report.
Eventbrite , a global ticketing and event technology platform, today announced it reported third quarter 2018 financial results. Please visit the Eventbrite investor relations website https://investor.eventbrite.com/overview to view the third quarter 2018 shareholder letter.
Square's $25 million investment in Eventbrite is now worth $61.9 million, according to a public filing last week.
The market was disappointed by weak profit guidance, but the payment processor continues to deliver on all the metrics that matter.
Shares of Square Inc. fell more than 6% in the extended session Wednesday after the payments company reported better-than-expected third-quarter adjusted earnings and sales, but forecast fourth-quarter adjusted earnings below analyst forecasts. Square tweaked higher its 2018 guidance, and said it expects fourth-quarter per-share adjusted earnings between 12 cents and 13 cents, contrasting with Street expectations of an adjusted EPS of 15 cents for the fourth quarter. Square said it earned $20 million, or 4 cents a share, in the third quarter, versus a loss of $16 million a year ago. The net income includes a gain of $37 million in connection with Eventbrite Inc. initial public offering in September. Adjusted for one-time items, Square earned 13 cents a share, compared with 7 cents a share a year ago. Adjusted sales rose 68% to $431 million, compared with $257 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 11 cents a share on sales of $414 million. Square increased its forecast for 2018 adjusted revenue to between $1.569 billion and $1.574 billion, compared with a previous guidance of adjusted revenue between $1.52 billion and $1.54 billion. The company said it expects adjusted EPS between 45 cents and 46 cents for 2018, versus an earlier expectation of adjusted EPS between 42 cents and 46 cents. The guidance was adjusted "to reflect the ongoing momentum of our business," Square said in a letter to shareholders. Shares of Square ended the regular session up 7%.
Eventbrite , a global ticketing and event technology platform, today announced that it will report third quarter 2018 financial results for the period ended September 30, 2018, following the close of the market on Monday, November 12, 2018.
YouTube is extending its ticketing initiative, already live with Ticketmaster, with the new addition of Eventbrite. The partnership, which was announced this morning, will see Eventbrite listings for live music performances across the U.S. when watching YouTube Official Artist Channels. Beneath these videos will be show listings and a "Tickets" button which users can click to make purchases, across both YouTube on the desktop and in the YouTube app.
This year's resurgence in tech IPOs has been the strongest the market has seen since 2014. Among the tech companies expected to IPO this year, ride hailing industry pioneer Uber Technologies Inc. will be one of the most closely watched. Earlier this week, the Wall Street Journal reported that proposals from Goldman Sachs ( GS) and Morgan Stanley ( MS) imply a market value as high as $120 billion.
Only eight of the Bay Area's unicorns have gone public this year. Meanwhile, 24 new ones have been born. Here's a look at all of them.
Some 45 tech initial public offerings have raised $15 billion this year. The excitement could spill over into 2019, with potential IPOs for Slack, Uber, Lyft, and Airbnb.
Across the Bay Area, 89 percent of tech IPOs came from companies that had a loss – most in excess of $10 million. Take a look at this fearless group.
The third quarter for the initial public offering (IPO) market is usually lighter. During the latest quarter, there were 49 IPOs and the average return was a sizzling 32.55%. Before the cannabis producer Tilray (NASDAQ:TLRY) came public, I wrote the following for InvestorPlace.com: “And yes, Tilray IPO does offer an easy way for investors to play this trend.
EVENTBRITE, INC. (EB) recent IPO has put it firmly on the radar of investors looking for growth stocks. At the end of 2017, Eventbrite had 700,000 of what it calls "creators," or event organizers, who sold 203 million tickets for three million events across 170 countries. Despite the growth in its revenue figures, however, Eventbrite has consistently reported losses due to higher sales and marketing costs.
NEW YORK, NY / ACCESSWIRE / September 21, 2018 / EventBrite and Elanco Animal Health Inc. both made their debut in the stock market yesterday and soared as traders flocked to welcome them. RDI Initiates ...
Despite its controversies, Ticketmaster-parent Live Nation Entertainment Inc. has been a winning stock over the past few years. The very things that make the company controversial — high ticket fees and a stronghold on event venues — have helped the company deliver impressive results quarter after quarter. Eventbrite Inc. (EB) priced its initial public offering at $23, the high end of its $21 to $23 range, selling 10 million shares to raise $230 million.
Eventbrite Inc. shares jumped sharply in their market debut, reflecting strong early demand from investors in the ticketing and event-services company. The stock closed Thursday at $36.50, up 59% from its initial public offering price. Eventbrite’s IPO raised $230 million in proceeds after it priced at the high end of its range between $21 a share and $23 a share.
Dow stocks were in the driver's seat in afternoon trading Thursday. Intel was a top gainer in the Dow. Chinese stocks also outperformed.
EB stock has been fluctuating between a price of $37 and $38 throughout the day. The Eventbrite IPO had originally priced shares at $23 on Wednesday, which was at the high end of its expected range. InvestorPlace - Stock Market News, Stock Advice & Trading Tips “We really are focused on investing in the future, and so whether that’s expanding into more categories or countries, that’s really where we’re focused,” Eventbrite CEO Julia Hartz said to CNBC.
Eventbrite CEO and Co-Founder Julia Hartz, joined by members of the company’s founders and senior executive team, rang the NYSE Opening Bell®, followed by a visit to the Designated Market Maker location on the Trading Floor to observe the price discovery process. The process culminated with the ringing of the First Trade Bell by Hartz, which signified the opening of the stock. Eventbrite, which has more than 1,000 employees in 14 offices around the world, marked the milestone today by bringing together its global workforce with event creators in local markets to celebrate.