Shares of Eventbrite EB tanked more than 26% after hours Wednesday following the release of the ticketing website's dismal first-quarter earnings and weak second-quarter guidance. 

The stock price is below $18 a per share, its lowest level since its initial public offering in September of 2018. 

Eventbrite also said it is looking for a new chief financial officer as its current CFO, Randy Befumo, will transition to the company's chief strategy officer. 

Missing on the top and bottom lines, Eventbrite reported a loss of 13 cents per share on revenues of $81.3 million. Analysts forecast a loss of 9 cents on revenue of $83.0 million, according to Refinitiv. 

Eventbrite expects between $74 and $78 million in revenue for the second-quarter, while analysts expected $82.4 million. 

Eventbrite's stock is down more than 33% over the last 12 months. 

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