Eventbrite: 4Q Earnings Snapshot
SAN FRANCISCO (AP) _ Eventbrite, Inc. (EB) on Thursday reported a loss of $20.2 million in its fourth quarter.
The San Francisco-based company said it had a loss of 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.
The company posted revenue of $26.7 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $28.7 million.
For the year, the company reported that its loss widened to $224.7 million, or $2.52 per share. Revenue was reported as $106 million.
Eventbrite shares have climbed 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19, a climb of roughly 3% in the last 12 months.