StubHub Holdings, Inc. Earnings Recaps
Q1 2026
May 14, 2026
StubHub's shares rose modestly by 2.7% following Q1 results that showed steady growth and margin expansion, reflecting investor cautious optimism amid solid execution without meaningful upside surprises.
Key takeaways
- Gross merchandise sales (GMS) grew 7% year-over-year to $2.2 billion.
- Adjusted EBITDA margin expanded to 16%, indicating improved profitability.
- The company generated strong cash flow, enabling further deleveraging of the balance sheet.
- Management reiterated full-year guidance for both GMS and adjusted EBITDA.
- Progress made on product-led initiatives including AI-powered Distribution Manager and integration with primary ticketing platforms to broaden marketplace scale.
Q3 2025
Nov 17, 2025
StubHub reported strong third-quarter 2025 results, achieving nearly 20% growth in gross merchandise sales (GMS) while solidifying its position as a leading global live event ticketing marketplace.
Key takeaways
- StubHub's GMS grew nearly 20% over the past 12 months, highlighting robust demand and market share gains in North America.
- The company is now approximately four times larger than its nearest competitor, showcasing its dominance in the secondary ticketing market.
- High-margin, asset-light business model ensures exceptional cash conversion and resilience through economic cycles.