Skift Take
Eventbrite is still losing money as it grows, but now has strong revenue growth and plenty of cash to spend while getting back on track. The state of the booming global events business is a big help.
Eventbrite's initial public offering in September was a success, and the company's first earnings call as a public company sounded like business-as-usual. After a period of growth, Eventbrite's fundamentals are strong as it continues to deal with the costs of product development and integrations, executives said Monday.
Eventbrite's net revenue grew 45.1 percent year-over-year to $73.6 million in the third quarter, while the number of paid tickets sold on its various platforms increased 32.3 percent to $23.9 million. The company's more expensive package options for venues and organizers were well received
