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Shareholders of Eventbrite, Inc. (NYSE:EB) will be pleased this week, given that the stock price is up 16% to US$2.49 following its latest quarterly results. It looks like the results were pretty good overall. While revenues of US$74m were in line with analyst predictions, statutory losses were much smaller than expected, with Eventbrite losing US$0.07 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
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Taking into account the latest results, the current consensus, from the five analysts covering Eventbrite, is for revenues of US$302.0m in 2025. This implies a discernible 3.4% reduction in Eventbrite's revenue over the past 12 months. Per-share losses are expected to explode, reaching US$0.44 per share. Before this latest report, the consensus had been expecting revenues of US$301.3m and US$0.33 per share in losses. So it's pretty clear the analysts have mixed opinions on Eventbrite even after this update; although they reconfirmed their revenue numbers, it came at the cost of a considerable increase to per-share losses.
See our latest analysis for Eventbrite
As a result, there was no major change to the consensus price target of US$4.47, with the analysts implicitly confirming that the business looks to be performing in line with expectations, despite higher forecast losses. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Eventbrite, with the most bullish analyst valuing it at US$7.00 and the most bearish at US$3.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 4.5% by the end of 2025. This indicates a significant reduction from annual growth of 16% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 9.7% annually for the foreseeable future. It's pretty clear that Eventbrite's revenues are expected to perform substantially worse than the wider industry.