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Eventbrite’s $100M Share Repurchase: A Ticket to Investor Attraction? – Buyback Wednesdays

  • April 3, 2024

Whether you want to buy tickets to a local school play or go with a group to watch the 2024 total solar eclipse, it is quite likely that you will be able to find someone who has organized the event and is selling tickets for it through an online platform called Eventbrite. Businesses where co-founders maintain significant leadership roles long after the company goes public often pique our interest. Eventbrite is one such company that recently announced a large buyback, representing around 18% of its market cap at announcement. 

Eventbrite, Inc. (EB): $5.23

Market Cap: $$552.13M

EV: $570.33 M

Key Insights

  • Eventbrite is an online ticketing platform that connects event organizers and attendees.
  • The presence of the company’s co-founders in leadership roles provides an added advantage.
  • Management’s move from a ticketing agency to a two-sided events marketplace has led to improved business outcomes.

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