Core Insights - StubHub's shares fell approximately 25% to around $14 after the company did not provide guidance for the current quarter in its first earnings report as a public entity [1][8] - The company reported a net loss of $1.3 billion in Q3, largely due to a $1.4 billion charge for stock awards related to its IPO, while revenue reached $468 million, an 8% increase year-over-year [4][5] - StubHub's gross merchandise sales totaled $2.4 billion, reflecting an 11% year-over-year increase, or a 24% increase when excluding the impact of ticket sales from Taylor Swift's "Eras Tour" in the previous year [5] Company Performance - StubHub plans to provide a 2026 outlook during its fourth-quarter results report in approximately three months [2] - The decision to withhold current quarter guidance raises concerns about potential performance issues and demand fluctuations [3][5] - Analysts from JPMorgan have reduced their price target for StubHub from $24 to $22, indicating concerns about current quarter softness but maintaining a bullish stance due to sales growth and market share gains [5] Competitive Landscape - StubHub is a major player in the U.S. ticket selling market, competing with platforms such as Live Nation's Ticketmaster, Seatgeek, and Vivid Seats [3]
Why StubHub Stock Plunged 25% After Its First Post-IPO Quarterly Report