Coronavirus Concerns Overshadow Eventbrite’s Strong Year-End Finish
Photo Credit: Eventbrite HQ. Company stock dropped after coronavirus impacted upcoming projections. Eventbrite
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Eventbrite closed 2019 stronger than expected, but the company's stock still stumbled after last week's earnings call. The events industry is clearly at the epicenter of the coronavirus outbreak.
Eventbrite faced major hurdles throughout 2019 and this year's coronavirus is already testing the company's ability to grow revenue.
The company, however, revealed during a recent earnings call a strong finish for the year, particularly as it wrapped up the ongoing saga of integrating new customers from its acquisition of Ticketfly. By the end of the fourth quarter, it completed the migration process and managed to retain 70 percent of Ticketfly’s book of business.
The success of this acquisition paired well with the continued growth o
