StubHub Holdings, Inc.

Listed Company

STUBCIK 0001337634NYSENon-AcceleratedServices-Miscellaneous Amusement & RecreationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.75B

Net Income

$-1.91B

Total Assets

$5.05B

Equity

$1.18B

Shares Out

—

Op. Cash Flow

$192.57M

Business

StubHub Holdings, Inc. is a publicly listed company in Miscellaneous Amusement & Recreation, incorporated in Delaware. Common stock trades on NYSE under the ticker STUB.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue	1,745	1,771	1,368
Cost of revenue (exclusive of depreciation and amortization shown separately below)	314	334	232
Operations and support	63	59	67
Sales and marketing	972	828	518
General and administrative	1,715	387	275
Depreciation and amortization	26	25	23
Total costs and expenses	3,089	1,633	1,114
(Loss) income from operations	−1,344	138	253
Interest income	42	41	23
Interest expense	−140	−180	−156
Other income (expense), net	5	2	−2
Foreign currency (losses) gains	−90	41	−25
Loss on extinguishment of debt	−18	−8	0
(Losses) gains on derivatives	−139,000	3	−8
Total other expense, net	−201	−101	−168
(Loss) income before income taxes	−1,545	37	86
(Provision) benefit for income taxes	−361	−40	320
Net (loss) income	−1,906	−3	405
Net (loss) income used in basic computation	−1,992	−55	352
Net (loss) income attributable to common stockholders	−1,992	−55	352
Basic (in dollars per share)	−6.25	−0.18	1.16
Diluted (in dollars per share)	−6.27	−0.18	1.14
Basic (in shares)	319	304	302
Diluted ( in shares)	319	304	308

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	1,242	1,001	776	—
Accounts receivable	7	5	—	—
Inventory	9	16	—	—
Prepaid expenses and other current assets	38	29	—	—
Total current assets	1,296	1,051	—	—
Property and equipment, net	73	7	—	—
Trademarks and trade names	865	865	—	—
Other intangible assets, net	38	60	—	—
Goodwill	2,687	2,687	—	—
Restricted cash	18	15	16	—
Deferred tax assets	2	248	—	—
Other non-current assets	76	161	—	—
Total assets	5,054	5,094	—	—
Accounts payable	71	113	—	—
Payments due to buyers and sellers	846	707	—	—
Accrued expenses and other current liabilities (including $17,894 and $0 under the fair value option, respectively)	334	269	—	—
Long-term debt obligations, current	0	20	—	—
Total current liabilities	1,251	1,108	—	—
Long-term debt obligations, non-current	1,507	2,312	—	—
Deferred tax liabilities	93	0	—	—
Other non-current liabilities (including $0 and $70,397 under the fair value option, respectively)	261	296	—	—
Total liabilities	3,112	3,716	—	—
Commitments and contingencies	—	—	—	—
Additional paid-in capital	4,522	2,256	—	—
Accumulated other comprehensive income	71	129	—	—
Accumulated deficit	−3,411	−1,505	—	—
Total stockholders equity	1,184	881	890	526
Total liabilities, redeemable preferred stock, redeemable common stock, and stockholders equity	5,054	5,094	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation	3	2	2
Amortization of intangible assets	23	22	21
Stock-based compensation	1,448	8	35
Amortization of debt issuance costs	8	9	13
Losses on derivatives	12	14	23
Amortization of unrealized losses on cash flow hedge	−31	−7	−7
Unrealized foreign exchange losses (gains)	91	−41	22
Deferred income taxes	357	58	−326
Fair value change for preferred stocks and preferred stock bifurcated derivatives	11	9	6
Other	11	5	−2
Accounts receivable	−1	7	−8
Inventory	−6	−20	0
Prepaid expenses and other current assets	−10	4	−1
Other non-current assets	−2	−30	−15
Operating lease right-of-use assets	5	5	3
Accounts payable	−44	73	−26
Payments due to buyers and sellers	107	30	131
Accrued expenses and other current liabilities	38	91	−14
Other non-current liabilities	65	20	51
Operating lease liabilities	−3	−4	−5
Net cash provided by operating activities	193	261	307
Capitalized software development costs	−32	−3	−2
Purchases of property and equipment	−1	−2	−2
Purchases of intangible assets	−1	−2	−2
Net cash used in investing activities	−34	−6	−5
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions	758	0	0
Proceeds from issuance of Class A common stock upon exercise of stock options and warrants	159,000	1	504,000
Proceeds from issuance of debt	0	443	0
Proceeds from partial interest rate swap termination	18	0	0
Proceeds from revolving credit facility	0	0	40
Repayment of revolving credit facility	0	0	−40
Repurchase and retirement of Class A and Class C common stock	−1	0	−1
Repayment of long-term debt obligations	−910	−507	−20
Payment of tax withholding obligations on vested equity awards	−86	0	0
Payments of deferred offering costs	−12	−6	0
Payment of debt issuance costs	0	−3	0
Net cash provided by (used in) financing activities	72	−47	94
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	13	−14	6
Net increase in cash, cash equivalents, and restricted cash	243	195	402
Interest	194	234	207
Income tax	19	5	9
Liability-classified awards settled with Class A common stock	0	0	841,000
Stock-based compensation capitalized in development of capitalized software	35	0	0
Deferred offering costs accrued, unpaid	2	4	2

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