The following is a summary of the Eventbrite, Inc. (EB) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 revenue grew 7% year-over-year to $84.6 million with adjusted EBITDA at $8.5 million, representing just over 10% of revenue.

• Revenue from ticketing dropped by 4%, impacting the majority of overall company revenue. Ticket volume and creator count contraction significantly influenced this figure.

• Eventbrite aims for adjusted EBITDA margins, excluding non-routine items, at approximately 10% for FY 2024.

Business Progress:

• Introduced a new creator pricing model which affected short-term performance, decreasing paid tickets by 9% and total tickets by 16%.

• Rolling out new pricing packages and improved event creation flows to address feedback.

• Close to launching a free tier with no marketplace fees aiming to stabilize paid ticket volume.

• 35,000 creators currently subscribe to the Pro plan, enhancing future revenue from premium features.

• Enhanced buyer engagement through a TikTok partnership delivering substantial daily impressions.

• Plans to introduce an improved mobile app experience to increase engagement and consumer retention.

Opportunities:

• The reintroduction of a free tier expected to attract new creators and regain those lost due to pricing barriers.

• Expansion in advertising leading to $2.9 million in ad revenue, a 125% year-over-year increase.

• New large creator bookings grew by nearly 60% in Q2, showing potential for further market penetration.

Risks:

• The new pricing model initially reduced creator engagement, leading to lower ticket sales and overall revenue impact, which highlights operational risks associated with major strategic changes.

More details: Eventbrite IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.