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STUB

StubHub Holdings, Inc.

STUB

StubHub Holdings, Inc. • NYSE
$11.73 ▼ -1.10% (-0.13)
Market Cap $3.76 B
52w High $27.89
52w Low $9.83
Dividend Yield 0%
P/E -2.89
Volume 1.46M
Outstanding Shares 320.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $468.113M ▲ $1.7B ▲ $-1.295B ▼ -276.559% ▼ $-3.85 ▼ $-1.359B ▼
Q2-2025 $430.295M ▲ $330.107M ▲ $-53.829M ▼ -12.51% ▼ $-0.21 ▼ $-21.143M ▼
Q1-2025 $397.607M ▼ $308.313M ▲ $-22.183M ▼ -5.579% ▼ $-0.098 ▼ $18.104M ▼
Q4-2024 $533.415M ▲ $305.058M ▲ $54.19M ▲ 10.159% ▲ $0.15 ▲ $136.261M ▲
Q3-2024 $433.779M $297.815M $-33.012M -7.61% $-0.09 $3.889M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.393B ▲ $5.601B ▲ $3.15B ▼ $2.451B ▲
Q2-2025 $1.242B ▲ $5.362B ▲ $3.983B ▲ $1.379B ▲
Q1-2025 $1.15B ▲ $5.254B ▼ $3.893B ▼ $1.36B ▼
Q4-2024 $1.001B ▼ $5.441B ▲ $4.063B ▲ $1.378B ▼
Q2-2024 $1.135B $5.301B $3.919B $1.382B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.295B ▼ $3.795M ▼ $-8.395M ▲ $156.622M ▲ $150.448M ▲ $3.423M ▼
Q2-2025 $-53.829M ▼ $19.32M ▼ $-9.604M ▼ $73.769M ▲ $93.518M ▼ $9.716M ▼
Q1-2025 $-22.183M ▼ $158.321M ▲ $-7.211M ▼ $-5.849M ▲ $149.516M ▲ $151.11M ▲
Q2-2024 $-7.92M ▲ $138.221M ▼ $-1.779M ▼ $-5.976M ▲ $128.026M ▼ $136.442M ▼
Q1-2024 $-16.058M $260.357M $-1.666M $-26.174M $227.455M $258.691M

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the past several years, showing that demand for StubHub’s platform has recovered well from the pandemic and continues to expand. Profitability has improved meaningfully: the business moved from sizable losses to modest operating profits in recent years. However, the bottom line has been volatile, with one year of strong profit followed by roughly breakeven results and a small loss per share, likely reflecting one‑time items, interest costs, or changes in share count. Overall, the trend is toward a healthier business, but earnings consistency is not yet fully established.

Balance Sheet

Balance Sheet The balance sheet shows a reasonably solid asset base and a rebuilding of shareholders’ equity after earlier pressure from losses. Cash on hand has been increasing, which supports day‑to‑day operations and investment plans. Debt remains substantial relative to equity, so leverage is an important watch point: it can amplify returns in good years but adds risk if growth slows or the event market weakens. The company appears more stable than a few years ago, but its capital structure still leans meaningfully on borrowing.

Cash Flow

Cash Flow StubHub has transitioned from burning cash to generating it. Operating cash flow has turned positive and free cash flow now generally tracks it, as the business is not very capital‑intensive and requires limited spending on physical assets. This shift suggests the core marketplace is throwing off enough cash to fund most ongoing needs internally. The key question is whether this positive cash generation can be sustained as the company invests in growth initiatives like primary ticketing and marketing.

Competitive Edge

Competitive Edge StubHub benefits from strong marketplace dynamics: a large base of buyers attracts sellers, and a broad ticket supply attracts even more buyers, reinforcing its position. Its well‑known brand, buyer guarantees, and focus on trust are powerful in a category where fraud has historically been a concern. Long‑standing relationships with teams, leagues, and event promoters add further strength. At the same time, the company operates in a fiercely competitive landscape against major players in both primary and secondary ticketing, and is exposed to regulatory scrutiny and shifts in venue or league partnerships.

Innovation and R&D

Innovation and R&D The business is clearly leaning on technology as a key differentiator. Its mobile‑first design, advanced search, interactive and virtual seat views, and heavy use of data and AI for personalization, pricing, and customer service all aim to deepen user engagement and improve transaction efficiency. Migrating to modern cloud infrastructure supports scale during peak events. The planned “Direct Issuance” platform, along with high‑profile partnerships such as the Major League Baseball deal and various festival and tour agreements, highlights a push into primary ticketing. These moves could materially expand StubHub’s role in the live events ecosystem but require strong execution and ongoing tech investment.

Summary

StubHub today looks like a scaled, growing ticket marketplace that has largely worked through its pandemic‑era challenges and is moving toward more durable profitability and cash generation. Its strengths lie in a recognizable brand, trusted buyer protections, network effects from its large user base, and a sophisticated, mobile‑centric technology stack. Financially, revenue growth and improving margins are encouraging, but earnings volatility and a meaningful debt load introduce risk. Strategically, the big swing is its expansion into primary ticketing and adjacent areas, which could unlock new revenue streams if adoption is strong. Overall, the story is one of a maturing platform business with solid momentum, balanced by execution, competitive, and leverage‑related uncertainties that merit close watching over time.

NEWS

November 29, 2025 · 7:16 PM UTC

ROSEN, A LEADING LAW FIRM, Encourages StubHub Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - STUB

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November 29, 2025 · 10:40 AM UTC

Class Action Announcement STUB: A Securities Fraud Class Action Lawsuit Was Filed Against StubHub Holdings, Inc. (STUB)

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November 29, 2025 · 9:48 AM UTC

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of StubHub

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November 29, 2025 · 8:25 AM UTC

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages StubHub Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – STUB

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November 28, 2025 · 3:01 PM UTC

ROSEN, A RANKED AND LEADING LAW FIRM, Encourages StubHub Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - STUB

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