An investigation for investors in Eventbrite, Inc. (NYSE: EB) shares over potential securities laws violations by Eventbrite, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/26/2019 -- An investigation was announced concerning potential securities laws violations by Eventbrite, Inc. in connection with certain financial statements.
Investors who purchased shares of Eventbrite, Inc. (NYSE: EB), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Eventbrite, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Eventbrite, Inc. operates a ticketing and event technology platform in the United States and internationally. On September 19, 2018, Eventbrite, Inc went public at a price of $23 per share. In the Prospectus issued in relation to the offering, Eventbrite stated that its acquisition of Ticketfly "had a positive impact on our net revenue growth" in Q3 2017.
On March 7, 2019, Eventbrite, Inc. reported its annual fourth quarter and fiscal year 2018 financial results.
Eventbrite, Inc. reported that its annual Total Revenue rose from $201.59 million in 2017 to $291.61 million in 2018 and that Net Loss increased from $38.54 million in 2017 to $64.07 million. In a related conference call, Eventbrite's CEO and co-founder, Julia Hartz, stated that the strategy to integrate Ticketfly "will impact revenues in the short-term."
Shares of Eventbrite, Inc. (NYSE: EB) declined to $19.77 per share on March 20, 2019.
Those who purchased shares of Eventbrite, Inc. (NYSE: EB) have certain options and should contact the Shareholders Foundation.
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