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Finance

Why Square’s Investors Should Keep a Close Eye on Eventbrite

In the third quarter of 2018, Square reported a profit of $20 million thanks to its stake in Eventbrite. In the fourth quarter, Square booked a $17 million loss tied to its stake in Eventbrite as the ticketing company’s shares dipped, leading to a $28 million company-wide loss. PayPal (PYPL), Fiserv (FISV), and First Data Corporation (FDC) reported profits of $584 million, $286 million, and $162 million, respectively, in the fourth quarter.

According to Square, a change of $3 in Eventbrite’s share price affects its EPS by $0.01.

In 2017, Square made an investment of $25 million for a stake in Eventbrite.

View more information: https://marketrealist.com/2019/04/why-squares-investors-should-keep-a-close-eye-on-eventbrite/

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