Ticket reseller StubHub signage on display at the New York Stock Exchange for the company's IPO on Sept. 17, 2025.
StubHub shares plunged 20% in extended trading on Thursday after the company reported quarterly results for the first time since its initial public offering in September.
Here's how the ticket vendor did in comparison with LSEG consensus:
Loss per share: $4.27
$4.27 Revenue: $468.1 million vs. $452 million expected
During a conference call with investors, StubHub CEO and founder Eric Baker said the company wouldn't provide guidance for the current quarter. He added that the company takes "a long term approach," and would offer outlook for 2026 in its fourth quarter conference call.
Revenue increased 8% in its second quarter from $433.8 million a year earlier, the company said.
StubHub reported a net loss of $1.33 billion, or a loss of $4.27 per share, compared to a net loss of $45.9 million, or a loss of 15 cents per share, during the same period last year. StubHub said this reflects a one-time stock-based compensation charge of $1.4 billion stemming from its IPO.
Gross merchandise sales, which represent the total dollar value paid by ticket buyers, rose 11% year over year to $2.43 billion.
The company faced tough comparisons from a year earlier, when results were boosted by Taylor Swift's massively popular Eras Tour. Excluding that impact, StubHub said GMS grew 24% year over year.
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