Core Insights - StubHub's shares fell 5% in after-hours trading following its first quarterly results post-IPO, indicating market reaction to financial performance [1] - The company reported an 8% increase in revenue year-over-year, reaching $468.1 million, surpassing the expected $452 million [4] Financial Performance - StubHub recorded a net loss of $1.33 billion, equating to a loss of $4.27 per share, significantly higher than the net loss of $45.9 million, or 15 cents per share, from the same period last year [2] - The substantial loss was attributed to a one-time stock-based compensation charge of $1.4 billion related to its IPO [2] - Gross merchandise sales (GMS) increased by 11% year-over-year to $2.43 billion; when excluding the impact of the previous year's Taylor Swift Eras Tour, GMS growth was 24% [2][3] Stock Performance - StubHub's stock closed at $18.82, reflecting a decline of approximately 20% from its IPO price of $23.50 [3]
StubHub beats on revenue in first earnings report since IPO, but stock slides