secwatch.observer — SEC 8-K summary
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Issuer:     Eventbrite, Inc. (—)
CIK:        0001475115
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001475115-24-000161
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eventbrite Q2 revenue $84.6M (+7% YoY), lays off ~100 employees (11% workforce), CFO expands to COO role
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- Q2 net revenue $84.6M, up 7% YoY; net income $1.1M vs net loss $2.9M a year ago; adjusted EBITDA $12.8M (15.2% margin).
- Revised full-year net revenue outlook due to pricing-related headwinds from two-sided marketplace transition.
- Board approved workforce reduction of ~100 (11% of workforce); expects pre-tax charges up to $7M, mostly in Q3 2024.
- CFO Lanny Baker appointed Chief Operating and Financial Officer; Chief Accounting Officer Xiaojing Fan departs Aug 16, Baker assumes accounting role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1475115/000147511524000161/0001475115-24-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1475115/000147511524000161/eb-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001475115-24-000161

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer