Running a truly global ticketing operation isn’t cheap.

Live Nation sold 500 million tickets last year compared to Eventbrite’s 203 million. Eventbrite’s top competitor Live Nation also posted a small $6 million loss in 2017, so this strategy has precedent. Right now, the company’s spending on operations is outstripping its revenue, and it expects costs to increase going forward it also has $66.36 million in debt to pay off.

Eventbrite posted a net loss of $40.4 million in 2016 and $38.5 million in 2017, and doesn’t expect its strong revenue increases stemming from acquisitions to necessarily continue into the future, the document, filed on Thursday with the Securities and Exchange Commission, revealed. Part of the problem for Eventbrite going forward, which is evident from the filing, is that most of the company’s growth has been counter-balanced by increased spending. Speculation has been that it will be before the end of the year. The company has not listed a share price yet, or specified when it will actually go public.

The company plans to raise $200 million through its IPO, and trade under the symbol “EB,” according to the company’s S-1 filing. Since then, they’ve removed many of the legacy roadblocks to effectively managing and marketing events. It takes a small percentage of each ticket sold and a small flat fee as well when it processes payments.įounded in 2006, Eventbrite has raised $332.3 million in a variety of funding rounds. Consumer ticketing giant Eventbrite’s long-awaited initial public offering is moving forward after a period in which the San Francisco-based company drove revenue growth in an extremely crowded global market.Įventbrite’s dual strengths are its simplicity for clients to sell and market event tickets while acting as a marketplace and point-of-sale for consumers.

Ticketing services like eventbrite