Fitzgerald Scott Michael sold $602K of STUB

StubHub (STUB) shares fell 17% this week after reporting record Q2 revenue of $573M, but a net loss. Expenses surged 37%, and customer complaints were noted. Management raised full-year GMS outlook to $10.2B. BofA Securities downgraded STUB to underperform, citing a weak outlook.

StubHub’s stock fell after its earnings call as investors focused on World Cup fulfillment complaints. In Q2, gross merchandise sales rose 34% to $3.1B and revenue grew 33% to $573.1M, but operations and support costs increased to $18.8M. CEO Eric Baker said StubHub added customer support spending, without disclosing a fulfillment success rate. Shares dropped from $8.54 to $7.68, then closed $8.08.

StubHub (STUB) shares fell about 14% after the company reported a second-quarter net loss despite a 33% revenue rise. StubHub posted a $40,000 net loss versus a $75.9 million loss a year earlier, while analysts expected a $43.7 million profit. Revenue was $573.1 million, helped by World Cup demand, but costs rose 37% to $553.6 million.

StubHub (NASDAQ:STUB) shares fell after its earnings report showed a Q4 net loss of $535 million and revenue of $449 million. The company guided 2026 GMS of $9.9B to $10.1B and adjusted EBITDA of $400M to $420M. JPMorgan and Wedbush downgraded to Neutral, cutting price targets to $10, citing a reset outlook and limited visibility.

StubHub Holdings (STUB) shares fell about 10% after the company reported Q2 results. Revenue rose to just over $573 million (+33% YoY) and GMS increased 34% to $3.1 billion, helped by the World Cup. StubHub narrowed GAAP net loss to about $40,000, but costs and expenses rose 37% to nearly $554 million. It raised full-year GMS guidance to $10.1B-$10.3B but kept adjusted EBITDA at $400M-$420M.

StubHub (STUB) shares fell about 20% premarket after management cited uncertainty about whether World Cup demand pulled forward discretionary spending, affecting the second-half outlook. Q2 revenue rose 33% to $573.1M and adjusted EBITDA was $105.7M, both above consensus, but EPS was flat. Guidance: FY26 GMS $10.1-10.3B and adjusted EBITDA $400-420M.