StubHub stock slides after first earnings report

StubHub stock has plummeted by more than 20% in the wake of its first quarterly financial results as a public company.

The American resale platform has posted its Q3 2025 results, revealing revenue of $468 million for the three-month period ending 30 September – up 8% year-over-year – with a net loss of $1.3 billion, attributed to a “one-time stock-based compensation charge of $1.4 billion” relating to the firm’s recent initial public offering (IPO).

Gross Merchandise Sales (GMS) of $2.4 billion were up 11% year-over-year, while adjusted EBITDA was $67m, up 21% and representing a 14% margin.

However, the company’s stock price slid after it declined to provide detailed guidance for the current quarter during yesterday’s (14 November) earnings call. At press time, shares in the firm were down 21% to US$14.91, giving it a market cap…

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