Eventbrite raises low end of full-year sales forecast; shares jump

Event-organizing platform Eventbrite Inc. (EB) on Wednesday reported mixed third-quarter results, but raised the low end of its full-year forecast. The company said it expected full-year sales of between $324 million and $328 million, compared to an earlier outlook for $320 million to $330 million. Shares jumped 16.7% after hours. Eventbrite said it expected fourth-quarter revenue of $86 million to $90 million, compared with FactSet forecasts for $88.3 million. The company reported a third-quarter net loss of $9.9 million, or 10 cents a share, compared with $21.1 million, or 21 cents a share, in the same quarter last year. Revenue rose to $81.5 million from $67.5 million in the prior-year quarter. Analysts polled by FactSet expected a per-share loss of 10 cents, on revenue of $81.1 million.

-Bill Peters

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11-01-23 1705ET

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