The online ticketing and events company posted a net loss of nearly $10 million, or $0.13 per share. Analysts had called for a $0.09 per share loss.
Investors were leaving the party, dropping shares nearly 33% to $16.23 in pre-market trading.
Revenue grew 9.1% to $81.3 million year-over-year but fell short of Street expectations of $83 million. The company’s paid tickets increased more than 14% to 27 million.
Looking ahead, the San Francisco-based company projected second-quarter revenue to land between $74 million and $78 million, which would miss analysts’ estimates of $82.4 million even at the high end of the range.
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