Should You Hold on to Eventbrite Stock Despite Its 54% Dip in a Year?

Zacks01-18

Eventbrite EB shares saw a sharp decline of 53.9% in the trailing 12 months, significantly underperforming the broader Zacks Computer & Technology sector’s appreciation of 29.4% and the Zacks Internet...

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The company has struggled with declining engagement from its user base, making it difficult to sustain growth in ticket sales and event creation.Operating inefficiencies and rising costs have added to its financial pressures. Increasing competition in the event management and ticketing industries has intensified, putting additional pressure on the company’s market share.Despite challenges, Eventbrite is optimistic about its growth potential. The company is focusing on expanding its event inventory to attract more creators and engage consumers, with $4.5 million in new bookings in the third quarter of 2024. Significant pipeline improvements across music, food","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1548497426.USD":"安联环球人工智能AT Acc","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","IE00BN0W2V16.EUR":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (EUR) ACC","BK4566":"资本集团","IE00BN0W2T93.GBP":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (GBP) ACC","BK4524":"宅经济概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","BK4585":"ETF&股票定投概念","BK4543":"AI","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","BK4077":"互动媒体与服务","BK4588":"碎股","BK4116":"互联网服务与基础架构","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","EB":"Eventbrite Inc.","BK4551":"寇图资本持仓","TER":"泰瑞达","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","IE00BN0W2W23.USD":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (USD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","SHOP":"Shopify Inc","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","NCNO":"nCino","BK4528":"SaaS概念","BK4023":"应用软件","BK4532":"文艺复兴科技持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0444971666.USD":"天利全球科技基金","BK4108":"电影和娱乐","BK4147":"半导体设备"},"translate_title":"尽管Eventbrite股票在一年内下跌了54%，您是否应该持有该股票？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TER":1,"SHOP":1,"NCNO":1,"EB":0.9},"content_text":"Eventbrite EB shares saw a sharp decline of 53.9% in the trailing 12 months, significantly underperforming the broader Zacks Computer & Technology sector’s appreciation of 29.4% and the Zacks Internet - Software industry’s 32.7% jump.\nThis underperformance has resulted from weakening financial performance and operational challenges. The company has struggled with declining engagement from its user base, making it difficult to sustain growth in ticket sales and event creation.Operating inefficiencies and rising costs have added to its financial pressures. Increasing competition in the event management and ticketing industries has intensified, putting additional pressure on the company’s market share.Despite challenges, Eventbrite is optimistic about its growth potential. The company is focusing on expanding its event inventory to attract more creators and engage consumers, with $4.5 million in new bookings in the third quarter of 2024. Significant pipeline improvements across music, food and drink, and comedy shows are expected to drive top-line growth in the long term.\n\nEventbrite, Inc. Price and Consensus\n  \nEventbrite, Inc. price-consensus-chart | Eventbrite, Inc. Quote\n\nEnhanced Platform & New Creators Drive EB Growth\nCreator acquisition is a cornerstone of Eventbrite's growth strategy, driving an increase in event listings, ticket sales and overall revenues. By focusing on attracting event creators, the company strengthens its core ticketing business and broadens its appeal to a wider audience.EB focuses on attracting creators of large, popular events in major cities, driving consumer engagement. The platform hosted more than 1.4 million events, with more than 333,000 creators, including 82,000 new ones in the third quarter of 2024.Eventbrite has introduced the latest features, including timed entry, which is designed to give creators greater control over managing attendee flow, and 24/7 phone support for premium creators, along with overall customer support improvements, to enhance the platform's functionality and user experience.In September 2024, Eventbrite introduced a free-tier product to attract small creators by removing entry barriers to entry. This move aligns with the company’s goal to foster growth by catering to creators of all sizes. Notably, more than 10,000 creators now use Eventbrite Ads monthly, using advanced tools to promote events and attract a larger consumer base.\nLarge Consumer Base Aids EB’s Performance\nConsumers are important for Eventbrite’s growth and play a vital role in the marketplace. In the third quarter of 2024, EB reached 92 million active users, with 26 million of them making purchases.Eventbrite's efforts to re-engage former customers proved successful, with more than 750,000 paid tickets sold since September. The company expects this momentum to continue as it strengthens sales strategies, products and support to drive growth.The company is set to launch a redesigned mobile app early next year, which is currently in beta testing. The mobile app drives the highest consumer engagement and purchase frequency, with logged-in users benefiting from better personalization and localization while buying twice as often as on the website.\nEB Struggles With Operational Efficiency\nThe decline in paid creators suggests difficulties in retaining or attracting new ones. This struggle could impact the platform's ability to drive consistent growth and engagement.The introduction of a free tier has helped attract users, but converting them into paying customers remains a long-term challenge.Sustaining long-term consumer engagement, particularly among younger demographics, remains a challenge despite partnerships like TikTok.\nEB’s Sales & Earnings Estimates Show Mixed Trend\nThe Zacks Consensus Estimate for first-quarter 2025 revenues is pegged at $77.19 million, indicating a 10.5% year-over-year decline.The Zacks Consensus Estimate for first-quarter 2025 bottom line is pegged at a loss of 5 cents per share, unchanged over the past 30 days and indicating breakeven performance on a year-over-year basis.The Zacks Consensus Estimate for 2025 revenues is pegged at $339.64 million, implying year-over-year growth of 4.58%.The consensus mark for 2025 is pegged at a loss of 1 cent per share, unchanged over the past 30 days, marking a sharp year-over-year rise of 93.75%.EB has a long history of reporting strong quarterly performances, with earnings surpassing the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 70.64%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.\nZacks Rank & Better Stock to Consider\nEB currently carries a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point in the stock.Shopify SHOP, nCino NCNO and Teradyne TER are some better-ranked stocks in the broader tech sector. Each of the stocks currently sports a Zacks Rank #1 (Strong-Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe long-term earnings growth rates for Shopify, nCino and Teradyne Technology are pegged at 42.58%, 22.61% and 14.60%, respectively.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTeradyne, Inc. (TER) : Free Stock Analysis Report\nShopify Inc. (SHOP) : Free Stock Analysis Report\nEventbrite, Inc. (EB) : Free Stock Analysis Report\nnCino Inc. (NCNO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2504190711"}