Tearsheet

Eventbrite (EB)


Market Price (12/18/2025): $4.43 | Market Cap: $429.5 Mil
Sector: Communication Services | Industry: Interactive Media & Services

Eventbrite (EB)


Market Price (12/18/2025): $4.43
Market Cap: $429.5 Mil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -93%
Trading close to highs
Dist 52W High is 0.0%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.4%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
Weak multi-year price returns
2Y Excs Rtn is -87%, 3Y Excs Rtn is -101%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -7.8%
2 Attractive yield
FCF Yield is 12%
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Social Media & Creator Economy, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, Show more.
  Key risks
EB key risks include [1] a shrinking ecosystem marked by a continued decline in paid ticket volume and creators, Show more.
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -93%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
2 Attractive yield
FCF Yield is 12%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Social Media & Creator Economy, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, Show more.
4 Trading close to highs
Dist 52W High is 0.0%
5 Weak multi-year price returns
2Y Excs Rtn is -87%, 3Y Excs Rtn is -101%
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.4%
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -7.8%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6%
9 Key risks
EB key risks include [1] a shrinking ecosystem marked by a continued decline in paid ticket volume and creators, Show more.

Valuation, Metrics & Events

EB Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining Eventbrite's (EB) stock movement of approximately 67.5% from August 31, 2025, to December 18, 2025:



1. Eventbrite's acquisition by Bending Spoons: On December 2, 2025, Eventbrite announced a definitive agreement to be acquired by Bending Spoons for approximately $500 million in an all-cash transaction. This represented an 82% premium over Eventbrite's 60-day volume-weighted average share price as of December 1, 2025, and directly led to a significant surge in the stock price.

2. Improved Q3 2025 Financial Performance: On November 6, 2025, Eventbrite reported its third-quarter 2025 financial results, achieving a net income of $6.4 million, a significant improvement from a net loss in the prior year. The company also surpassed its guidance for Adjusted EBITDA margin, reaching 11.7%, demonstrating enhanced operational efficiency and financial discipline.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EB Return-10%-4%-66%43%-60%32%-78%
Peers Return15%-16%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
EB Win Rate50%50%33%33%33%50% 
Peers Win Rate40%58%42% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
EB Max Drawdown-71%-26%-70%0%-68%-45% 
Peers Max Drawdown-26%-34% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: LYV, SEAT, TKO, PENN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)

How Low Can It Go

Unique KeyEventEBS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-79.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven387.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-73.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven282.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven335 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-58.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven142.5%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to Z, ZIP, STUB, WSHP, GOOGL


In The Past

Eventbrite's stock fell -79.5% during the 2022 Inflation Shock from a high on 3/15/2021. A -79.5% loss requires a 387.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Eventbrite (EB)

Better Bets than Eventbrite (EB)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select past ideas related to EB. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.3%-1.3%-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-5.0%-5.0%-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.5%-1.5%-3.9%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
1.3%1.3%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-28.9%-28.9%-29.8%
EB_4302022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG04302022EBEventbriteDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
-38.0%-31.3%-49.9%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.3%-1.3%-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-5.0%-5.0%-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.5%-1.5%-3.9%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
1.3%1.3%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-28.9%-28.9%-29.8%
EB_4302022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG04302022EBEventbriteDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
-38.0%-31.3%-49.9%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Eventbrite

Peers to compare with:

Financials

EBLYVSEATTKOPENNMedian
NameEventbri.Live Nat.Vivid Se.TKO PENN Ent. 
Mkt Price4.44136.416.91211.6214.3714.37
Mkt Cap0.431.70.017.32.12.1
Rev LTM29524,5696442,5456,8242,545
Op Inc LTM-251,131-361,085225225
FCF LTM301,580-30942-21230
FCF 3Y Avg171,14135641-5135
CFO LTM332,494-61,029504504
CFO 3Y Avg231,81554718445445

Growth & Margins

EBLYVSEATTKOPENNMedian
NameEventbri.Live Nat.Vivid Se.TKO PENN Ent. 
Rev Chg LTM-12.4%5.5%-16.8%-44.3%8.2%-12.4%
Rev Chg 3Y Avg6.9%18.6%3.5%-2.3%5.2%
Rev Chg Q-7.8%11.1%-26.9%-27.3%4.8%-7.8%
QoQ Delta Rev Chg LTM-2.0%3.6%-7.2%-14.2%1.2%-2.0%
Op Mgn LTM-8.4%4.6%-5.5%42.6%3.3%3.3%
Op Mgn 3Y Avg-10.0%4.6%4.9%27.1%4.9%4.9%
QoQ Delta Op Mgn LTM2.5%0.4%-5.2%10.7%-0.3%0.4%
CFO/Rev LTM11.3%10.2%-0.9%40.4%7.4%10.2%
CFO/Rev 3Y Avg7.7%7.8%7.6%28.3%6.7%7.7%
FCF/Rev LTM10.0%6.4%-4.7%37.0%-3.1%6.4%
FCF/Rev 3Y Avg5.6%4.9%4.9%25.8%-0.8%4.9%

Valuation

EBLYVSEATTKOPENNMedian
NameEventbri.Live Nat.Vivid Se.TKO PENN Ent. 
Mkt Cap0.431.70.017.32.12.1
P/S0.81.50.26.50.40.8
P/EBIT-70.931.0-0.515.8-6.2-0.5
P/E-22.842.2-0.772.0-3.1-0.7
P/CFO7.315.2-19.216.05.57.3
Total Yield-4.4%2.4%-143.7%4.5%-32.7%-4.4%
Dividend Yield0.0%0.0%0.0%3.1%0.0%0.0%
FCF Yield 3Y Avg3.7%4.3%-1.9%5.7%-2.6%3.7%
D/E0.70.23.80.24.00.7
Net D/E-0.90.12.40.23.80.2

Returns

EBLYVSEATTKOPENNMedian
NameEventbri.Live Nat.Vivid Se.TKO PENN Ent. 
1M Rtn68.8%3.0%-8.8%15.0%5.3%5.3%
3M Rtn52.6%-19.5%-59.3%5.5%-24.0%-19.5%
6M Rtn76.2%-8.0%-82.2%21.2%-16.8%-8.0%
12M Rtn23.0%-1.1%-90.3%45.5%-25.0%-1.1%
3Y Rtn-25.0%96.6%-95.2%--55.4%-40.2%
1M Excs Rtn68.1%2.3%-9.6%14.2%4.5%4.5%
3M Excs Rtn43.7%-18.5%-61.5%3.4%-26.5%-18.5%
6M Excs Rtn63.8%-20.4%-94.6%8.8%-29.2%-20.4%
12M Excs Rtn14.0%-10.7%-101.2%39.9%-42.0%-10.7%
3Y Excs Rtn-101.1%16.9%-163.6%--126.9%-114.0%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment326261187106327
Total326261187106327


Price Behavior

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity1,974,570
Short Interest: % Change Since 11152025-10.0%
Average Daily Volume419,573
Days-to-Cover Short Interest4.71
Basic Shares Quantity96,943,000
Short % of Basic Shares2.0%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/202519.5%26.8%101.8%
8/7/202514.9%17.6%24.0%
5/8/20257.3%0.0%13.4%
2/27/2025-21.3%-21.0%-29.7%
11/7/20240.9%9.9%15.5%
8/8/2024-17.4%-26.1%-20.3%
2/27/2024-30.3%-38.7%-33.1%
11/1/20235.7%5.0%-1.2%
...
SUMMARY STATS   
# Positive131412
# Negative10911
Median Positive6.7%11.2%17.4%
Median Negative-13.0%-22.9%-20.3%
Max Positive19.5%26.8%101.8%
Max Negative-30.3%-38.7%-56.7%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023227202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021218202210-K 12/31/2021