Streams Mark sold $6K of STUB

StubHub opened 2026 with higher sales, rising revenue, and a return to profitability, strengthening the newly public marketplace as the live event industry continues to battle over resale rules, ticket distribution, and control of primary inventory. The company reported $2.2 billion in gross merchandise sales for the first quarter, up 7% from $2.1 billion a year ago.

A New York ticket buyer, Louis Sanquini, filed a proposed nationwide class action in SDNY against StubHub and CEO Eric Baker, alleging they concealed Baker’s financial ties to ticket-reselling fund Andro Capital. The complaint seeks over $5 million in damages, citing SEC disclosures and payments of about $1.6 million in 2023 to an Andro affiliate.

StubHub Holdings (STUB) shares fell about 13% over the week after Washington, D.C. passed the RESALE Act, capping secondary ticket sale markups at 10% starting Jan. 1, 2027. Citigroup analyst Jason Bazinet estimated revenue could drop about 30% and EBITDA by about $95 million if similar caps apply.

StubHub shares fell about 7% after Citi analysts warned that newly enacted resale price cap legislation could reduce earnings. Citi estimated a potential $95 million EBITDA hit if 20% of tickets are affected in 2027. The RESALE Act approved in Washington, DC sets a 10% resale cap starting Jan. 1, 2027, with related enforcement and transparency provisions.

StubHub shares fell 3.4% to $10.31, according to Investing.com, amid an ongoing Texas Attorney General investigation into alleged non-delivery of FIFA World Cup 2026 tickets and “ghost ticketing.” Citi said ticket markups could be capped, potentially cutting revenue about 30% and EBITDA by about $95 million. The article also cites insider sales and a proposed class action.

CBC Marketplace reports the CRTC opened an inquiry into whether Rogers, Bell and Telus violated new rules banning extra telecom activation/change/cancellation fees; the regulator cited letters over Telus’s $15 SIM fee and Bell/Rogers $40 device charges. Separately, B.C. Attorney General Niki Sharma said the province is investigating StubHub over FIFA World Cup ticket issues. A teen survey also finds most Canadian teens see violent/gory online content.