StubHub Holdings, Inc.
Business
StubHub Holdings operates the largest global secondary ticketing marketplace, connecting fans with sellers through two brands: StubHub and viagogo. The company provides an end-to-end technology platform with global distribution, data intelligence, and trusted brands to facilitate the buying and selling of live event tickets across sports, concerts, theater, and other experiences. StubHub serves buyers and sellers globally through its marketplace, with geographic distribution spanning North America, Europe, Asia-Pacific, and Latin America, and is expanding into original issuance ticketing.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is StubHub Holdings, Inc.'s CIK number?
StubHub Holdings, Inc.'s SEC CIK number is 0001337634 (1337634). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find StubHub Holdings, Inc.'s SEC filings?
All of StubHub Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did StubHub Holdings, Inc. last report earnings?
StubHub Holdings, Inc. (STUB) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-034632). This is StubHub Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is StubHub Holdings, Inc.'s most recent earnings 8-K?
StubHub Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001628280-26-034632. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View StubHub Holdings, Inc.'s latest earnings 8-K →
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