StubHub Posts Surprise Q2 Loss as World Cup Costs Wipe Out Profit, Stock Tumbles 16%
STUB sits 29% above its 52-week low of $5.74.
Summary
StubHub swung to a Q2 loss of about $40,000, missing FactSet consensus of $0.11 per share profit, as expenses jumped 37% and offset a 33% revenue surge. The World Cup ticket fiasco—fraudulent tickets, slow refunds, and FIFA's mobile app issues—drove the cost spike and customer complaints. Shares fell 16% Thursday, now down nearly 70% from the $23.50 IPO price. This follows yesterday's raised FY26 GMS guidance and record Q2 results, but the profit miss and operational problems overshadow the growth story. Watch for further fallout from customer refunds and any regulatory or legal actions stemming from the ticketing failures.
At the time of this announcement, STUB was trading at $7.40 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $5.74 to $27.89. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.