![]() Their estimate of the expanded market potential is 4.6 billion paid tickets and $14.0 billion in revenue. These fees were estimated from 1.1 billion paid tickets and an additional 1.9 billion free tickets and are gross fees from paid ticket sales prior to adjustments for refunds, credits, and amortization of non-recoupable signing fees.Įventbrite believes their addressable market can be extended by increasing penetration in tours and attractions, movie theatres, performing arts and spectator sports. MarketĮventbrite estimates their platform addressed a market opportunity of $3.2 billion in gross ticket fees in 2018 in their top 12 markets. ![]() While Eventbrite continues to make progress in its underlying business and I believe there is little downside from the current price, I am not convinced Eventbrite’s addressable market is large enough to make this a truly exciting investment opportunity. ![]() Eventbrite’s ( NYSE: EB) share price is down approximately 50% over the last 12 months, which may lead investors to question if this is a good entry point into the company. ![]()
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