Eventbrite Inc. reported its financial results for the first quarter of 2025, revealing a net revenue of $73.8 million, marking a 14% decrease compared to the same period last year. This decline was primarily driven by the elimination of organizer fees. The company's net loss increased to $6.6 million from $4.5 million in the previous year. However, Eventbrite's Adjusted EBITDA was $4.6 million, with an Adjusted EBITDA margin of 6.2%, which was at the upper end of the company's outlook range. Paid ticket volume for the quarter was 19.6 million, showing a third consecutive quarter of sequential improvement in year-over-year trends. Additionally, the company saw significant growth in its Eventbrite Ads segment, which increased by 30% year-over-year. Eventbrite reaffirmed its fiscal year 2025 financial outlook, focusing on controlling operating expenses and improving margins to enhance profitability.
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