eventbrite appoints baker tilly as new auditing firm following merger

Today, Eventbrite, Inc. (NYSE:EB), the event management and ticketing platform currently valued at $233 million, announced a change in its auditing firm following a merger involving its previous auditor. According to InvestingPro analysis, the company maintains a FAIR financial health score, with strong liquidity metrics including a current ratio of 1.45. Moss Adams LLP, the company’s former independent registered public accounting firm, has merged with Baker Tilly US, LLP. As a result, Moss Adams has resigned, and Eventbrite’s Audit Committee has appointed Baker Tilly as the new independent registered public accounting firm for the company.

The merger and subsequent appointment were effective today. According to the SEC filing, the audit reports provided by Moss Adams on Eventbrite’s financial statements for the fiscal years ending December 31, 2024, and 2023, did not contain any adverse opinions or disclaimers. The reports were also free from any qualifications or modifications regarding uncertainty, audit scope, or accounting principles. This clean audit history is particularly notable given that InvestingPro data shows the company holds more cash than debt on its balance sheet, though analysts anticipate a challenging year ahead with projected negative earnings.

Throughout the fiscal years ending December 31, 2024, and 2023, and the interim period up to today, there were no disagreements between Eventbrite and Moss Adams on accounting principles, practices, or auditing procedures. For investors seeking deeper insights into Eventbrite’s financial position and future prospects, InvestingPro offers a comprehensive research report with detailed analysis of the company’s fundamentals and growth potential, along with 8 additional exclusive ProTips. Furthermore, there were no reportable events that would require disclosure under Item 304(a)(1)(v) of Regulation S-K.

During the same period, neither Eventbrite nor any representatives consulted with Baker Tilly regarding any specific accounting transactions or potential audit opinions on Eventbrite’s financial statements. There were also no disagreements or reportable events involving Baker Tilly that would necessitate disclosure.

Eventbrite provided Moss Adams with a copy of the SEC filing before submission and requested a letter addressed to the Securities and Exchange Commission confirming agreement with the statements in the filing. Moss Adams’ letter, dated today, is included as an exhibit in the SEC filing.

This information is based on a press release statement issued by Eventbrite in an 8-K SEC filing.

In other recent news, Eventbrite Inc. reported its first-quarter 2025 earnings, revealing a net revenue of $73.8 million, which fell short of the expected $75.94 million. The company’s earnings per share (EPS) were reported at -$0.07, missing the forecasted -$0.04. Despite these misses, Eventbrite’s strategic cost management was evident as operating expenses decreased by 14% year-over-year. The company also reported an adjusted EBITDA of $4.6 million, maintaining a 6.2% margin. Analysts from Morgan Stanley (NYSE:MS) and B. Riley Securities have shown interest in the company’s app redesign and its potential impact on user engagement and ticket sales. Eventbrite’s management highlighted ongoing efforts to enhance its app and expand the Eventbrite Ads platform, indicating a shift towards digital innovation. Looking ahead, Eventbrite provided guidance for full-year 2025, with expected net revenue ranging between $295 million and $310 million. The company remains confident in its plan for the year, reaffirming its full-year financial outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.