Eventbrite Inc (NYSE:EB) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 05:00 pm ET


Eventbrite Inc (NYSE:EB) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon. My name is Daphne, and I will be your conference operator today. At this time, I would like to welcome everyone to the Eventbrite, Inc. Third Quarter 2019 earnings conference call. [Operator instructions]

I would now like to turn the call over to Kristin Johnston, Senior Corporate Counsel. You may begin your conference.

Kristin Johnston

Thank you, operator.

Good afternoon, and welcome to the third quarter 2019 Eventbrite earnings call. Prior to this call, we released our shareholder letter announcing our financial results. It can be found on our website at investor.eventbrite.com.

Before we begin, I would like to remind you that during today's call, we will be making forward-looking statements regarding future events and financial performance, including providing our net revenue and non-GAAP adjusted EBITDA outlook for the fourth quarter and full year of 2019. We caution that such statements reflect our best judgment as of today, November 7, based on factors that are currently known to us and that actual future events or results could differ materially due to several factors, many of which are beyond our control. For a more detailed discussion of the risks and uncertainties affecting our future results, we refer you to the section titled Forward-looking Statements in our shareholder letter and our filings with the SEC. We undertake no obligation to update any forward-looking statements made during the call to reflect events or circumstances after today or to reflect new information or the occurrence of unanticipated events, except as required by law.

During this call we will present adjusted EBITDA and free cash flow, both of which are non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with GAAP and have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results of operations as reported under GAAP. Reconciliations to the most directly comparable GAAP financial measures are available in our shareholder letter. We encourage you to read our shareholder letter as it contains important information about GAAP and non-GAAP results.

I will now turn the call over to Julia Hartz, Co-Founder and Chief Executive Officer. Julia?

Julia Hartz

Thank you, Kristin, and welcome to our third quarter 2019 earnings conference call.

I'm pleased to be joined on this call today by Lanny Baker, our recently appointed CFO. I look forward to working closely with Lanny and the rest of the executive team as we position Eventbrite to take advantage of the large growth opportunity before us.

In September, we completed our first year as a public company. While we've had some learning experiences, we also have made great strides in evolving our platform to serve our expanding creator base. Since our IPO, we welcomed over 300,000 first-time Eventbrite creators and powered over 5 million events for more than 1 million total creators. Over the last 12 months, we've added key functionality to our platform, grown our global roster of creators and increased our consumer engagement.

The third quarter was marked by several highlights.