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Feb. 25, 2021, 4:44 p.m. EST

Eventbrite shares soar 11% on Q4 results

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By Jon Swartz

Shares of Eventbrite Inc. /zigman2/quotes/208043748/composite EB +2.09% were initially up 11% in extended trading Thursday after the online event-management company announced fiscal fourth-quarter results. Eventbrite reported a net loss of $20.2 million, compared with a net loss of $13.9 million in the year-ago quarter. Revenue dropped 68% to $26.7 million from $82.7 million a year ago. The company said cash expenses, excluding processing fees, were $29 million, down 54% year from a year ago. Analysts surveyed by FactSet had expected a loss of 36 cents a share on revenue of $28.1 million. Eventbrite's stock has rallied 11.5% over the last 12 months. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.57% has improved 29% in the last year.

/zigman2/quotes/208043748/composite
US : U.S.: NYSE
$ 21.05
+0.43 +2.09%
Volume: 444,555
April 21, 2021 12:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.92 billion
Rev. per Employee
$173,496
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/zigman2/quotes/210599714/realtime
US : S&P US
4,158.52
+23.58 +0.57%
Volume: 950.94M
April 21, 2021 12:40p
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