What Eventbrite, Inc. told the SEC could break it.

Eventbrite relies on application marketplaces such as Apple's App Store and Google's Play to drive downloads of its apps, and on search engines/SEO for discovery; from time to time Apple, Google or other marketplaces make changes that make access to its products more difficult or give it unfavorable treatment, and the evolving AI-search landscape could change how consumers find events — so policy, fee, ranking or algorithm changes at these gatekeepers could reduce its user acquisition and traffic.

“We also rely on application marketplaces, such as Apple's App Store and Google's Play, to drive downloads of our applications. From time to time, Apple, Google or other marketplaces make changes that make access to our products more difficult.”

Eventbrite's core ticketing payments system depends on third-party providers — banks, third-party payout partners, and payment processors/facilitators that access various payment-card networks — to process transactions and remit creator payouts; if these providers make errors, fail to perform, raise costs, change terms, or terminate their relationships, Eventbrite's ability to process ticket sales and pay event creators would be disrupted, harming its business, results and reputation.

“We rely on third-party providers to support our payments system. Our payments system relies on banks and third-party payout partners and third-party payment processors, including payment facilitators to process payment transactions through various channels including by accessing various payment card ne”

Eventbrite derives a significant and growing share of business internationally — 28% of net revenue in 2025 (41% of paid-ticket volume outside the U.S.) — with offices and concentrated engineering/business-development teams in the U.K., India, Ireland, Spain, Australia and Argentina, and it outsources front-line customer support and critical financial functions (creator payouts, chargeback management, fraud identification) to third-party providers in the Philippines and El Salvador; this exposes it to foreign-currency fluctuations and to operational, legal and execution risks of managing geographically dispersed and outsourced operations.

“In 2025 and 2024, we derived 28% and 27%, respectively, of our net revenue from outside of the United States. We currently have various offices outside the United States, including offices in the United Kingdom, India, Ireland, Spain, Australia and Argentina. We have concentrated engineering and business development teams in India and Spain.”

As a global platform handling payments and personal data, Eventbrite is subject to OFAC and other sanctions laws that prohibit dealings with specified countries/entities (with rising enforcement increasing compliance costs), and to evolving data-privacy, cross-border-data-transfer and data-localization requirements (including in Australia, Brazil and India) and heightened protections for sensitive data; it is also exposed to macroeconomic and trade dynamics — including the threat of substantial tariffs on imports from China, Canada and Mexico — that could reduce consumer and corporate discretionary spending on events.

“As federal, state and foreign legislative regulatory scrutiny and enforcement actions in these areas increase, we expect our compliance costs to increase, perhaps substantially.”