Eventbrite (EB) continues to navigate a challenging period marked by a significant stock decline and a slow recovery in ticket sales. Over the past year, from November 1, 2024, to November 1, 2025, the company's stock fell by 34.3%. This downturn follows a strategic pivot to eliminate organizer listing fees, which impacted a previous revenue stream, and has put pressure on the company to find alternative growth drivers. In response, Eventbrite is increasingly betting on its advertising business to fuel future growth as paid ticket volumes have been slower to rebound than anticipated. The ads platform has shown promise, with significant growth in the first and second quarters of 2025. However, the company is still posting losses, and its high debt levels present a financial risk. Investors are closely watching for the upcoming Q3 2025 earnings report, expected in mid-November, for further indications of whether the growing ad revenue and improving ticket volumes can offset the revenue lost from fees and set a path to profitability.