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StubHub Holdings, Inc.

STUB

Communication Services · 5.95 -0.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

StubHub Holdings, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-0.9% todayVolume comparison unavailable
Market group0 of 1 activeOnline Ticket Marketplaces · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • Interest expense fell $46.8 million year over year, primarily because StubHub repaid principal on its 2024 USD Term Loan.
  • Interest expense decreased $25.2M for the three months ended Mar 31, 2026 primarily due to lower variable interest rates for outstanding term loans and repayments of 2024 USD Term Loan principal.

Invalidation: The isolated read changes if STUB's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Communication Services · Internet Content & Information

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Interest expense fell $46.8 million year over year, primarily because StubHub repaid principal on its 2024 USD Term Loan.
  • Interest expense decreased $25.2M for the three months ended Mar 31, 2026 primarily due to lower variable interest rates for outstanding term loans and repayments of 2024 USD Term Loan principal.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods3
Price observations248
Usable filing statements124
Verified relationships2
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -1.4% year over year.
  • Operating margin changed -84.8 percentage points in the latest annual period.
  • Net margin changed -109.1 percentage points in the latest annual period.
  • Diluted shares increased 4.9% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 18% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

5.95
6m-21.6%12m24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2023-12-31$1.4B$1.14
2024-12-31$1.8B+29.5%$-0.18-1.1%
2025-12-31$1.7B-1.4%$-6.27+4.9%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
In addition, as a result of the Refinancing, the outstanding principal balance of each of the USD Term Loan B and USD Term Loan B2 were consolidated into one loan (the “2024 USD Term Loan” and together with the 2024 Euro Term Loan and the Revolving Credit Fac…
10-Q · Aug 13, 2026
Legal and regulatory exposurepositive · 3 filings
Foreign currency gains (losses) changed by $109.6 million for the six months ended June 30, 2026 as compared to the same period in 2025, which was primarily attributable to changes in exchange rates affecting our 2024 Euro Term Loan obligation, foreign cash b…
10-Q · Aug 13, 2026
Foreign exchangemixed · 3 filings
The non-cash items included in our net loss for the six months ended June 30, 2025 relate primarily to unrealized foreign exchange losses of $86.9 million and amortization of intangibles of $11.5 million, which was partially offset by $30.7 million of increas…
10-Q · Aug 13, 2026
Restructuring and cost reductionsmixed · 2 filings
The tax provision for the twelve months ended December 31, 2024 was primarily attributable to the tax expense incurred in connection with our legal entity restructuring completed in 2024.
10-K · Mar 5, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.1× · EV/sales 1.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

5.95-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for STUB. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for STUB. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind STUB

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

LLYVALiberty Live Holdings, Inc.competitorFeb 26, 2026

Live Nation’s competitors include primary ticketing companies such as Tickets.com, AXS, Paciolan, Inc., CTS Eventim AG, Eventbrite, eTix, SeatGeek, Ticketek, and Fever; secondary ticketing companies such as StubHub, Vivid Seats, Viagogo and SeatGeek; and many…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

STUB is currently a Leader in the organic co-movement group Online Ticket Marketplaces. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for STUB; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.