8-K
filed February 28, 2023, 6:59 PM ET
CIK 0001475115
earnings
confidence high
sentiment neutral
materiality 0.75
Eventbrite, Inc.: restructuring charge — Eventbrite reports Q4 revenue $71.5M (+20% YoY); approves restructuring cutting 8% of workforce
Eventbrite, Inc.
2022-FY EPS reported
-$0.56
revenue$260,927,000
- Q4 net revenue $71.5M, up 20% YoY; full-year revenue $260.9M, up 39%.
- Net income $4.0M vs loss $16.8M in prior year; adjusted EBITDA $11.1M vs $4.0M.
- Paid ticket volume 25.1M, up 14%; total tickets 77M in Q4.
- Board approved restructuring: eliminate ~8% of roles (approx 72 employees); relocate ~30% of roles to Spain and India.
- Expected costs $12-20M pre-tax; plan substantially complete by end of Q4 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Eventbrite, Inc. reported the quarter and fiscal year ended December 31, 2022 results: revenue $71.5 million, net income $4.0 million.
- Period
- the quarter and fiscal year ended December 31, 2022
- Revenue
- $71.5 million
- Net income
- $4.0 million
- Result
- reported results
Exact text from the filing
by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Eventbrite Reports Fourth Quarter and Fiscal Year 2022 Financial Results 2/28/2023 Fourth quarter revenue of $71.5 million up 20% and full year revenue of $260.9 million up 39% year-to-year Positive Adjusted EBITDA reported for sixth consecutive quarter Core ticketing platform and new demand
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
Eventbrite, Inc. announced a restructuring with charges of $12-20 million affecting Company (approximately 8% of existing roles out of the Company’s current workforce of 898 employees).
- Type
- restructuring
- Charge
- $12-20 million
- Affected area
- Company
- Headcount
- approximately 8% of existing roles out of the Company’s current workforce of 898 employees
Exact text from the filing
The Company expects this initiative to be substantially complete by the end of the fourth quarter of 2023. The Company expects to incur total costs associated with the Plan of $12-20 million, pre-tax, primarily future cash expenditures. Of that amount, $6-12 million is related to one-time employee termination and relocation costs, and $6-8 million is
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.