What is the market's earnings forecast for StubHub next quarter?

What does StubHub do and what are its main business segments?

What is StubHub's gross profit margin?

What were the key takeaways from StubHub’s earnings call?

What is the revenue and EPS growth rate for StubHub year over year?

What is StubHub's latest dividend and current dividend yield?

What were the key takeaways from StubHub's earnings call?

What guidance did StubHub's management provide for the next earnings period?

- **Market Leadership**: 50% North American secondary ticketing market share, driven by competitive investments and customer experience.
- **Strategic Shifts**: AI-driven direct issuance and advertising prioritized for long-term scalability, with 2026 GMS guidance of $9.9-10.1 billion.
- **Financial Resilience**: 83% gross margin, $232 million adjusted EBITDA in 2025, and 70% free cash flow conversion.
- **Growth Drivers**: International expansion (15% of GMS) and AI-driven efficiency improvements in operations.

**【CEO Summary Section】**
- StubHub achieved 50% market share in North America's secondary ticketing market, driven by a focus on competitive positioning and customer experience.
- Emphasized long-term strategic investments in AI for direct issuance and advertising, prioritizing scalable execution over short-term revenue.
- Highlighted regulatory resilience, with 10% of GMS tied to high-demand concerts, and a diversified global footprint to mitigate risks.

**【CFO Financial Commentary】**
- Full-year 2025 GMS: $9.2 billion (+6% YoY), with Q4 GMS down 8% YoY due to lapping strong 2024 comparables.
- Adjusted EBITDA: $232 million (13% of revenue), supported by 83% gross margin and cost control.
- 2026 Guidance: GMS $9.9-10.1 billion (+9% midpoint), Adjusted EBITDA $400-420 million, reflecting margin expansion and market share gains.
- Cash flow generation: ~70% of adjusted EBITDA, with $1.2 billion cash on hand.

**【Q&A Key Highlights】**
- **Direct Issuance Strategy Shift**: Transitioning to product-led AI-driven tools to reduce operational friction, with 2026 focus on building infrastructure rather than immediate monetization.
- **Advertising Growth**: Early-stage revenue with modest contributions in 2026, prioritizing customer experience over scale.
- **AI and Efficiency**: Leveraging AI for operations and customer support, with potential cost efficiencies and improved conversion rates.
- **International Expansion**: 15% of GMS from international markets, growing at accelerated rates, with no significant regulatory hurdles.
- **Regulatory Environment**: Advocacy for open distribution models, with 10% of GMS tied to high-demand concerts, limiting regulatory risk exposure.

StubHub Holdings, Inc. (STUB) Q4 2025 Earnings Call Transcript

- **Market Share Dominance**: North America GMS 4x competitors, nearing 50% market share.
- **Product Innovation**: ReachPro adoption accelerates, direct issuance partnerships with MLB and festival promoters.
- **Financial Resilience**: +21% EBITDA growth to $67M despite all-in pricing headwind.
- **Strategic Investments**: $758M IPO proceeds reduce leverage, 100% free cash flow conversion.
- **Growth Catalysts**: 2026 World Cup, international expansion, and advertising monetization.

**【CEO Summary Section】**
- StubHub is the global leader in secondary ticketing, with 4x larger GMS than competitors in North America. 
- Launched ReachPro, a seller management tool, achieving record adoption and becoming the #1 point-of-sale system.
- Direct issuance partnerships with MLB, Peachtree Entertainment, and LED Presents to expand into primary ticketing market.
- Advertising pilot with Booking.com and sponsored listings to monetize platform without compromising user experience.
- North America market share nearing 50%, driven by disciplined investment in take rates and performance marketing.

**【CFO Financial Commentary】**
- Q3 2025 GMS: $2.4B (+11% YoY), offsetting 10% headwind from federal all-in pricing mandate.
- Revenue: $468M (+8% YoY), with 19% take rate (down from 20% YoY) to reinvest in growth.
- Adjusted EBITDA: $67M (+21% YoY), free cash flow conversion >100% of EBITDA.
- Balance sheet strengthened with $758M IPO proceeds, reducing net debt to $1.1B (3.9x EBITDA).

**【Q&A Highlights】**
- Direct issuance pipeline shows 0% upfront cost for content partners, with teams like Yankees/Dodgers self-listing without incentives.
- Sponsored listings to launch Q4 2025 via ReachPro integration, targeting perishable ticket inventory.
- World Cup 2026 expected to drive international growth, with North America hosting 10 matches.
- Mobile app interactions growing, but no immediate plans for loyalty programs or expanded platform features.
- All-in pricing headwind to persist until Q2 2026, but 24% YoY GMS growth (ex-Taylor Swift) demonstrates underlying strength.

Actual	-4.27	-1.56
Forecast	-2.87	-0.0109
Surprise	-48.78%	-14211.93%

Actual	468.11M	449.17M
Forecast	451.78M	485.43M
Surprise	+3.61%	-7.47%

STUB

STUB fundamentals

STUB Q4 2025 Earnings

Earnings Call

You can ask Aime

STUB

STUB fundamentals

STUB Q4 2025 Earnings

Earnings Call

STUB Earnings Call Summary for Q4/20255:00 PM on Mar 4, 2026

STUB Earnings Call Summary for Q3/20255:00 PM on Nov 13, 2025

You can ask Aime