9/12/2023 0 Comments Eventbrite commission feeNews of the job cuts helped company stock jump this week, surging about 10% on Wednesday morning following Tuesday’s post-trading announcement. We are focused on the opportunity to help our customers grow faster while driving improved profitability, sustainable growth and increased shareholder value.” We’ve taken the difficult and important steps to restructure our business to accelerate toward a two-sided marketplace and our long-term financial targets. “As industry leaders, we will continue to innovate on marketing and demand generation capabilities that help creators share their unique content with a bigger audience of consumers. New tools, like Ads, are making an impact for creators who rely on Eventbrite to build their audience using our scale and marketplace,” said Julia Hartz, co-founder and Chief Executive Officer. We powered the experience economy with $3.3 billion of ticket sales in 2022 as consumers attended 5 million total events offered by our creators. “Our strong fourth quarter and full year financial results reflect great execution in enabling creator success and growth. Net revenue was $71.5 million, up 20 percent. Its adjusted EBITDA was $11.1 million, also well above the prior year number of $4 million. News of the job cuts came on the same day as Eventbrite reported its Q4 2022 financial numbers, which showed a net income of $4.0 million for the company, compared to a loss of $16.8 million for the same period a year prior.
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