Eventbrite Q1 2024 GAAP EPS $(0.05) Misses $(0.03) Estimate, Sales $86.252M Beat $85.381M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eventbrite (NYSE:EB) reported Q1 2024 earnings with a GAAP EPS of $(0.05), missing the $(0.03) estimate, but sales of $86.252M exceeded the $85.381M forecast. This represents a 61.54% decrease in losses per share and a 10.70% increase in sales compared to the same period last year.
May 02, 2024 | 8:35 pm
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Eventbrite reported a Q1 2024 GAAP EPS of $(0.05), missing estimates, but sales of $86.252M beat forecasts, indicating a decrease in losses and an increase in sales year-over-year.
Eventbrite's mixed Q1 2024 results, with a miss on EPS but a beat on sales, suggest a neutral short-term impact on its stock price. The decrease in losses per share compared to last year and the increase in sales indicate improvement in the company's financial health, which could be viewed positively by investors. However, the miss on EPS estimates may temper some of the optimism, leading to a neutral outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100