EB

Eventbrite Inc - Ordinary Shares - Class A

TMT, Consumer


Presented:08/08/2023
Price:$11.36
Cap:$1.14B
Current Price:$2.87
Cap:$0.28B

Presented

Date08/08/2023
Price$11.36
Market Cap$1.14B
Ent Value$0.62B
P/E RatioN/A
Book Value$1.76
Div Yield0%
Shares O/S99.99M
Ave Daily Vol1,550,734
Short Int12.95%

Current

Price$2.87
Market Cap$0.28B
Eventbrite, Inc. provides event management services encompassing online ticketing, event hosting, organization, promotion, and advertising. It offers virtual events, online webinars, online classes, virtual runs, online zumba classes, and online yoga. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E. Hartz and Julia Hartz in 2006 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Eventbrite Inc (EB), Live Nation Entertainment Inc (LYV)

Highlights

The presenter is long shares of Eventbrite Inc (EB), the leading ticketing platform for small- to mid-market events. The company has been around for 15 years but only became EBITDA positive in the past couple years. More recently, management has taken costs out of the business and is on track for $13MM – $14MM of annualized savings this year. It also pivoted back to its roots of focusing on the creator instead of moving up the funnel towards the enterprise level where it would compete with LYV, which is important because the enterprise level comes with longer lead times, higher costs, and lower margins. The presenter sees 100%+ upside from the current $11 share price if the positive trends continue and investors start appreciating the improving unit economics and the various levers EB can lean on to drive 20%+ revenue growth and 20%+ EBITDA margins. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.