Eventbrite Sees Q3 Revenue $79M-$82M Vs $82.21M Est.; FY23 Revenue $320M-$330M Vs $325.25M Est.
Portfolio Pulse from Happy Mohamed
Eventbrite has projected its Q3 revenue to be between $79M-$82M, which is slightly below the estimated $82.21M. The company also forecasts its FY23 revenue to be in the range of $320M-$330M, closely aligning with the estimated $325.25M.
August 04, 2023 | 2:42 pm
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NEGATIVE IMPACT
Eventbrite's Q3 revenue projection is slightly below estimates, which could negatively impact investor sentiment. However, the FY23 revenue forecast is in line with estimates, which may mitigate some of the potential negative impact.
Eventbrite's lower than expected Q3 revenue projection could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price. However, the FY23 revenue forecast, which aligns with estimates, may offset some of this negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100