Eventbrite tears up its financial predictions for 2020
Posted on: 17 mars 2020, by : Eamonn Forde

Ticketing firm Eventbrite has withdrawn its business outlook – the predictions for revenues, profits etc that public companies provide to analysts – in the light of the coronavirus-fuelled uncertainty around the live entertainment business.
CEO Julia Hartz described the situation as “unprecedented”. “The year started off strong across the board and we are now seeing a material impact to our business from the virus,” she said in a statement. “While the ultimate magnitude of this near-term impact is unclear at this time, we remain confident in our go forward strategy, our market position and the long-term demand for live experiences.”
In late February, Eventbrite issued its guidance for 2020, having grown its revenues by 12% to $327m in 2019. The company predicted net revenues of $84m-88m in the first quarter of 2020 – up 3%-8% year-on-year – and revenues of $342m-$359m for the full calendar year, up between 5% and 10%.
The post Eventbrite tears up its financial predictions for 2020 appeared first on Music Ally.
Source: Music ally

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