Reporting a sharper loss and a weaker guidance than expected, Eventbrite saw its shares tumble in extended trading Thursday.
The online ticketing and event management company incurred a loss of -17 cents a share in the fourth quarter, wider than a loss of -13 cents a share estimated by analysts surveyed by FactSet. The company had a loss of -89 cents a share in the year-ago quarter.
Revenue increased to $75.9 million in the quarter from $62.7 million in the year-ago period. Analysts’ expected $73.2 million.
The company projects its first quarter net revenue to come in the range of $80 million to $84 million, below analyst forecasts of $91.3 million (based on FactSet survey of analysts).
Eventbrite lost more than -20% in after-hourrs trading Thursday.