Ticket reseller StubHub signage on show on the New York Inventory Change 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 initial public offering in September.
Here is how the ticket vendor did as compared with LSEG consensus:
- Loss per share: $4.27
- Income: $468.1 million vs. $452 million anticipated
Throughout a convention name with buyers, StubHub CEO and founder Eric Baker mentioned the corporate would not present steering for the present quarter. He added that the corporate takes “a long run method,” and would supply outlook for 2026 in its fourth quarter convention name.
Income elevated 8% in its second quarter from $433.8 million a 12 months earlier, the corporate mentioned.
StubHub reported a internet lack of $1.33 billion, or a lack of $4.27 per share, in comparison with a internet lack of $45.9 million, or a lack of 15 cents per share, throughout the identical interval final 12 months. StubHub mentioned this displays a one-time stock-based compensation cost of $1.4 billion stemming from its IPO.
Gross merchandise gross sales, which symbolize the entire greenback worth paid by ticket consumers, rose 11% 12 months over 12 months to $2.43 billion.
The corporate confronted powerful comparisons from a 12 months earlier, when outcomes have been boosted by Taylor Swift’s massively well-liked Eras Tour. Excluding that influence, StubHub mentioned GMS grew 24% 12 months over 12 months.
Based in 2000, StubHub primarily generates income from connecting consumers with ticket resellers. It competes with Vivid Seats, which was taken public through a particular function acquisition firm in 2021; SeatGeek; and Ticketmaster guardian Live Nation Entertainment.
“We’re constructing a really differentiated client product that improves the expertise for followers whereas unlocking higher economics for venues, groups, and artists by open distribution,” Baker mentioned in an announcement. “We’re early in that journey, however our progress to date 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 Change, 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 updated prospectus.
On Thursday, the corporate’s inventory closed at $18.82. Shares at the moment are down roughly 20% from the IPO worth of $23.50.
