According to an IBIS World report, the online event ticket sales in the US market are expected to grow 6% to $10.3 billion this year. San Francisco-based, Eventbrite (EB) recently reported its third quarter performance that delivered mixed results.
Eventbrite's Financials
Revenues for the third quarter grew 11% over the year to $82.1 million, ahead of the market's estimated $77 million. GAAP net loss was $30.2 million, or $0.36 per share, compared with $35.5 million, or $1.24 a share a year ago. On an adjusted basis, loss was $0.34 per share, significantly worse than