Eventbrite: Eventbrite: Short-Term Undervalued, Long-Term Uncertain

Summary Eventbrite pioneered online ticketing but relies on paid events for revenue despite a massive user base. A controversial organizer fee in 2023 led to an exodus of event hosts and declining paid ticket metrics. Management scrapped the fee and is now shifting focus to higher-value events and in-person ticketing. The stock has struggled, reflecting uncertainty about whether lost organizers will return. Eventbrite appears undervalued for short-term investors, but long-term recovery depends on execution. Michael Vi Investment Thesis Since its inception in 2006, Evenbrite ( EB ) is considered one of the pioneers in the space of online ticketing platforms that connects organizers with participants. Today, there are 87M average monthly users on EB. While most Michael Vi Investment Thesis Since its inception in 2006, Evenbrite ( EB ) is considered one of the pioneers in the space of online ticketing platforms that connects organizers with participants. Today, there are 87M average monthly users on EB. While most