Eventbrite CEO Julia Hartz (C) and her husband Kevin Hartz, Co-Founder and Chairman of Eventbrite ring the opening bell at the New York Stock Exchange, September 20, 2018.
Brendan McDermid | Reuters
Shares of Eventbrite tanked more than 26% after hours Wednesday following the release of the ticketing website's dismal first-quarter earnings and weak second-quarter guidance.
The stock price is below $18 a per share, its lowest level since its initial public offering in September of 2018.
Eventbrite also said it is looking for a new chief financial officer as its current CFO, Randy Befumo, will transition to the company's chief strategy officer.
Missing on the top and bottom lines, Eventbrite reported a loss of 13 cents per share on revenues of $81.3 million. Analysts forecast a loss of 9 cents on revenue of $83.0 million, according to Refinitiv.
Eventbrite expects to earn between $74 and $78 million in revenue for the second-quarter, while analysts expected it to earn $82.4 million.
Eventbrite's stock is down more than 33% over the last 12 months.
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