What’s Pushing StubHub Larger?
StubHub posted earnings of 6 cents per share, effectively above the two cent consensus. A yr in the past, the corporate was within the crimson, so the transfer again into constructive territory is a significant shift. Income reached about $446 million, topping estimates and rising at a tempo that outstripped the expansion in ticket quantity.
Gross merchandise gross sales climbed to roughly $2.2 billion, up 7% from final yr, whereas income grew 12%. Adjusted EBITDA jumped to greater than $72 million.
StubHub generated $48 billion in internet revenue, a pointy reversal from the $22 million loss in the identical quarter final yr. Money era adopted the identical development, with working money stream and free money stream almost doubling from a yr in the past.
The steadiness sheet additionally strengthened. StubHub ended the quarter with $1.5 billion in money and continued to chip away at its debt load with one other $100 million fee in Might.
The outcomes got here in forward of Wall Avenue expectations on each the highest and backside line, and the development was sturdy sufficient for Morgan Stanley to elevate its worth goal to $8.75 whereas maintaining an Equal‑weight score. JPMorgan additionally maintained a Impartial score and raised its worth goal to $11.
Steerage And New Initiatives
Administration reaffirmed its full‑yr outlook, calling for gross merchandise gross sales close to $10 billion and adjusted EBITDA between $400 and $420 million.
StubHub highlighted two development efforts that would add new income streams over time. The primary is its open distribution technique, which goals to work extra straight with rights holders on ticket issuance. The second is an promoting push that leverages the platform’s massive viewers of occasion‑in search of customers.
STUB Shares Are Rising
STUB Value Motion: Stubhub shares have been up 18.22% at $8.89 on the time of publication on Thursday, in line with Benzinga Professional.
Picture: DW labs Included/Shutterstock
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