StubHub Stock Plummets 20% Post-Debut Earnings Amid Guidance Silence
StubHub's inaugural earnings report as a public company triggered a 20% stock plunge, with investors rattled by the absence of near-term financial guidance. The ticket platform's Q3 net loss of $1.3 billion—driven largely by public listing costs—overshadowed an 8% revenue increase to $468 million.
Gross merchandise sales grew 11% to $2.4 billion, or 24% excluding last year's Taylor Swift tour surge. The guidance vacuum raises questions about competitive positioning against Ticketmaster and SeatGeek, with analysts noting the company deferred outlook until Q4 results.