Core Points - StubHub, one of the largest ticket sales platforms in the U.S., has decided not to provide performance guidance, indicating potential concerns about its performance and market demand [2] - The company reported a net loss of $1.3 billion in Q3, which includes approximately $1.4 billion in expenses related to stock grants to employees during its IPO [2] - StubHub's revenue for the quarter was $468 million, an 8% increase compared to the same period last year when it was still a private company [2] - The total gross merchandise value (GMV) for StubHub was $2.4 billion, reflecting an 11% year-over-year growth; excluding the impact of Taylor Swift's record-breaking "Eras Tour" ticket sales from the previous year, the growth would be 24% [2] - Analysts from JPMorgan downgraded StubHub's target stock price from $24 to $22, interpreting the lack of current quarter guidance as a sign of weak performance; however, they remain bullish on the stock due to sales growth and market share gains shown in the Q3 report [2] Stock Performance - Following the release of its first quarterly report post-IPO, StubHub's stock price dropped significantly [3] - The company did not provide a forecast for the current quarter and plans to offer guidance for 2026 in the next earnings report [3] - StubHub's stock price fell approximately 25% in recent trading, reaching around $14, marking its lowest level since the IPO in September [3] - CFO Connie James informed investors during the earnings call that the company plans to release its Q4 results along with the 2026 outlook in about three months [3]
StubHub首次发布IPO后季度财报，股价暴跌25%