Eventbrite (EB) Q4 2025 earnings summary

Executive summary

• Completed merger with Bending Spoons on March 10, 2026; company will cease to be publicly traded and delist from NYSE.

• 2025 saw 4.6 million events hosted, 258 million tickets issued, and over $3.0 billion in gross ticket sales.

• Net revenue for 2025 was $291.8 million, down 10% year-over-year; net loss narrowed to $10.5 million from $15.6 million in 2024.

• Adjusted EBITDA for 2025 was $25.3 million, down from $35.1 million in 2024.

• Major reduction in force in 2024 and continued cost management in 2025.

Financial highlights

• Net revenue: $291.8 million in 2025, down from $325.1 million in 2024 (10% decrease).

• Net loss: $10.5 million in 2025, improved from $15.6 million in 2024.

• Adjusted EBITDA: $25.3 million in 2025, down from $35.1 million in 2024.

• Paid ticket volume: 78.9 million in 2025, down 6% year-over-year.

• Gross margin: 68% in 2025, down from 70% in 2024.

• Cash and cash equivalents: $299.9 million as of December 31, 2025.

• No dividends declared or paid.

Outlook and guidance

• Management expects existing cash and operations to meet liquidity needs for at least the next 12 months.

• Future capital requirements and liquidity will be managed by Bending Spoons post-merger.

• Guidance is speculative and actual results may vary materially from estimates.