Company Overview - StubHub's market capitalization is $4.8 billion, with a current stock price of $14.9 as of November 15, 2025 [4] - The company reported a trailing twelve months (TTM) revenue of $1.80 billion [4] Investment Activity - Madrone Advisors initiated a new stake in StubHub, acquiring 75,780,055 shares valued at approximately $1.3 billion, which constitutes 62.8% of its reportable U.S. equity holdings for the quarter [2][6] - This acquisition makes StubHub Madrone's largest holding [2][6] Stock Performance - As of November 14, 2025, StubHub shares were priced at $14.87, which is 46.7% below its 52-week high [3] - The stock has seen a significant decline, trading nearly 50% below its initial public offering (IPO) price of $23.50 as of December 8, 2025 [10] Business Model - StubHub operates a digital marketplace for secondary ticket sales for live events, generating revenue primarily through transaction fees [8] - The company serves consumers looking for access to sold-out or premium events and provides a secure platform for ticket sellers [8] - StubHub's technology-driven approach enhances the buying and selling process, positioning it competitively in the event ticketing market [9]
Madrone Advisors Bets on StubHub After Its IPO