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StubHub CEO says recent change to all-in ticket prices will dent revenue
CNBCยท 2025-09-17 15:39
Group 1 - StubHub CEO Eric Baker indicated that new federal regulations on transparent ticket pricing will lead to a "one-time" impact on the company's financial results, with expected revenue dip year over year as consumers adjust to the new rules [1] - Baker noted that similar regulations in states like New York resulted in a 10% drop in sales initially, but the market eventually normalized, suggesting that the impact is temporary and the company will recover [2] - StubHub's IPO was priced at $23.50, valuing the company at $8.6 billion, and it is set to begin trading on the New York Stock Exchange under the symbol "STUB" [2]