Core Viewpoint - StubHub Holdings Inc. reported a wider-than-expected loss per share in its third-quarter earnings, leading to a significant decline in its stock price despite beating revenue expectations [1][3]. Financial Performance - The company reported a quarterly loss of $4.27 per share, which was worse than the analyst consensus estimate of $3.08 [1]. - Quarterly revenue reached $468 million, surpassing the consensus estimate of $451.8 million [2]. - Gross merchandise sales (GMS) totaled $2.4 billion, reflecting an 11% year-over-year increase. Excluding the impact of the Taylor Swift "Eras" Tour, GMS grew by 24% year-over-year [2]. Management Commentary - CEO Eric Baker highlighted the company's debut quarter as a public entity, emphasizing the strength and resilience of its global marketplace, double-digit GMS growth, market share expansion, and a strengthened balance sheet [2].
StubHub Stock Falls After Q3 Earnings: What To Know