Ticket reseller StubHub signage on show on the New York Inventory Trade for the corporate’s IPO on Sept. 17, 2025.
NYSE
StubHub shares plunged 20% in prolonged buying and selling on Thursday after the corporate reported quarterly outcomes for the primary time since its preliminary public providing in September.
Here is how the ticket vendor did compared with LSEG consensus:
- Loss per share: $4.27
- Income: $468.1 million vs. $452 million anticipated
Throughout a convention name with traders, StubHub CEO and founder Eric Baker stated the corporate would not present steering for the present quarter.
Baker stated that the corporate takes “a long run method,” including that the timing of when tickets go on sale can range, making it onerous to foretell shopper demand. StubHub plans to supply outlook for 2026 when it experiences fourth-quarter outcomes, he stated.
“The demand for dwell occasions is phenomenal,” Baker stated. “We do not see something with shopper demand that is any totally different.”
Income elevated 8% in its second quarter from $433.8 million a 12 months earlier, the corporate stated.
StubHub reported a web lack of $1.33 billion, or a lack of $4.27 per share, in comparison with a web lack of $45.9 million, or a lack of 15 cents per share, throughout the identical interval final 12 months. StubHub stated this displays a one-time stock-based compensation cost of $1.4 billion stemming from its IPO.
Gross merchandise gross sales, which characterize the full greenback worth paid by ticket patrons, rose 11% 12 months over 12 months to $2.43 billion.
The corporate confronted powerful comparisons from a 12 months earlier, when outcomes had been boosted by Taylor Swift’s massively common Eras Tour. Excluding that impression, StubHub stated GMS grew 24% 12 months over 12 months.
Based in 2000, StubHub primarily generates income from connecting patrons with ticket resellers. It competes with Vivid Seats, which was taken public by way of a particular function acquisition firm in 2021; SeatGeek; and Ticketmaster father or mother Stay Nation Leisure.
“We’re constructing a very differentiated shopper product that improves the expertise for followers whereas unlocking higher economics for venues, groups, and artists by means of open distribution,” Baker stated in an announcement. “We’re early in that journey, however our progress up to now offers us nice confidence in our technique and the long-term worth we’re creating.”
StubHub raised $800 million in its long-awaited IPO on the New York Inventory Trade, which got here after it delayed its debut twice. The newest stall got here in April after President Donald Trump’s announcement of sweeping tariffs roiled markets. The corporate restarted the method to go public in August when it filed an up to date prospectus.
On Thursday, the corporate’s inventory closed at $18.82. Shares are actually down roughly 20% from the IPO worth of $23.50.
