StubHub (STUB) delivered record Q2 revenue and GMS, but adjusted earnings and leverage raise caution. After a sharp post-earnings selloff, STUB trades near all-time lows despite strong topline growth and raised outlook. Adjusting for stock-based compensation and customer deposits reveals higher leverage and lower free cash flow than headline numbers suggest.
StubHub Holdings remains a strong buy at current levels, trading at just 8-9x forward FCF with a solid industry moat. STUB's Q2 2026 results showed 33% GMS growth, $106M adjusted EBITDA, and net leverage reduced to 3x, aided by World Cup-driven ticket sales. Management guides for $10.2B 2026 revenue and $400M adjusted EBITDA but expects flat growth in upcoming quarters, limiting near-term margin expansion.
StubHub shares tanked over 10% Thursday on its disastrous World Cup partnership, which erased its quarterly profit and left customers who bought tickets stranded outside stadiums – resulting in a frenzy of media coverage and litigation.
StubHub posted a substantial increase in second-quarter revenue, thanks in large part to the World Cup. It just wasn't able to turn a profit, and investors are selling the stock.
StubHub Holdings, Inc. (STUB) Q2 2026 Earnings Call Transcript
StubHub NYSE: STUB reported second-quarter results marked by strong growth in gross merchandise sales, revenue and adjusted EBITDA, aided by demand for live events and the World Cup. Management also raised its full-year GMS outlook while maintaining its adjusted EBITDA forecast, citing a disciplined approach to the second half following the tournament's concentrated demand.
StubHub (STUB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
StubHub NYSE: STUB reported higher first-quarter revenue and profitability as management said the ticket marketplace is benefiting from scale, marketing efficiency and healthy demand for live events.
Shares of StubHub (STUB) surged Thursday after the ticketing marketplace reported stronger-than-expected first-quarter earnings, fueled by rising ticket demand and improving profitability that helped ease investor concerns following a prolonged stock decline. The stock jumped as much as 21% during the session and was recently trading around $9.64, putting shares on pace for their largest daily percentage gain on record, according to Dow Jones Market Data.
StubHub (NYSE:STUB) shares surged about 19% on Thursday morning after the ticketing marketplace reported first quarter results that topped Wall Street expectations on both revenue and profitability, while reaffirming its full-year outlook. The company reported revenue of $446 million for the quarter ended March 31, 2026, up 12% year-over-year and above analyst expectations of about $425 million.
The company broke its string of quarterly losses.
StubHub Holdings (NYSE:STUB) shares surged, last seen up 18.4% to trade at $8.93, after the ticket reseller posted a profitable first quarter, reporting net income of $48 million, compared to a loss in the same period a year-ago.