Shares of Eventbrite tanked after hours Wednesday following the release of the ticketing website's first-quarter earnings and weak second-quarter guidance.
The company's stock price is below $17 per share, its lowest level since its initial public offering in September.
Eventbrite CEO Julia Hartz gives an interview with CNBC following the company's IPO at the New York Stock Exchange, September 20, 2018.tanked more than 30% after hours Wednesday following the release of the ticketing website's first-quarter earnings and weak second-quarter guidance. Eventbrite also said it will launch a search for a new chief financial officer as its current CFO, Randy Befumo, transitions to the role of chief strategy officer.
Eventbrite expects between $74 million and $78 million in revenue for the second quarter, lower than the $82.4 million analysts had projected.
France Dernières Nouvelles, France Actualités
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