Core Viewpoint - StubHub's shares fell over 28% following the announcement of a $1.3 billion net loss and the decision not to provide guidance for the upcoming quarter, despite reporting year-over-year revenue growth [1][2]. Financial Performance - StubHub reported a net loss of $1.3 billion (-$4.27 per share) for the quarter, a significant increase from a net loss of $45.9 million (-$0.15 per share) in the same quarter last year [2]. - The loss was primarily due to a one-time stock-based compensation charge of $1.4 billion related to the company's IPO [2]. - Revenue grew by 8% to $468.1 million, up from $433.8 million in the same period last year [2]. Market Reaction - Following the earnings report, StubHub's stock opened down 28.6% and remained significantly lower, down 21.4% by midday [1]. - The lack of forward guidance has heightened investor caution, particularly as StubHub navigates its first full reporting cycle as a newly public company [3]. - The quarter's performance faced tough comparisons to the previous year, notably due to the impact of Taylor Swift's Eras Tour on resale demand [3].