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Positive
Q3 Revenue Exceeds Outlook: In the third quarter, we delivered revenue of $77.8 million, exceeding our outlook range.
Strategic Actions Impact: Our strategic actions are driving clear results.
New Bookings Surge: We closed $4.5 million in new bookings this quarter with significant pipeline improvements across music, food and drink, and comedy shows.
Customer Ticket Recovery: We saw 0.75 million tickets come from customers that we've won back in the platform since early September, and we see significant opportunity ahead.
Enhanced Customer Support: We rolled out 24/7 phone support to premium customers, enhancing service and support capabilities.
Negative
Revenue Decline Analysis: Revenue decreased by 5% year-over-year, totaling $77.8 million compared to $81.8 million in the previous year.
Ticketing Revenue Decline: Ticketing revenue was down 11% year-over-year, contributing to the overall revenue decline.
Decline in Paid Creators: The total number of paid creators declined by 12% from a year ago, dropping to 163,000 in the third quarter.
Operating Expenses Analysis: Operating expenses increased to $62.2 million, compared to $67.2 million a year ago, indicating a rise in costs despite a decrease in revenue.
Net Loss Improvement: Net loss for the third quarter was $3.8 million, an improvement from a net loss of $9.9 million in the same period last year, but still reflecting ongoing financial challenges.
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What is surpport and resistant level for EB Stock?
The S1 support level for EB Stock is $2.16 ,The R1 resistant level for EB Stock is $2.62.
