NYSE$STUB
StubHub Holdings, Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close
Briefing
StubHub reported Q4 gross merchandise sales of $2.3B and revenue of $449M, with adjusted EBITDA of $63M.
Full-year GMS was $9.2 billion (+6% YoY) and revenue was $1.7 billion. Q4 revenue was $449 million (~19% of GMS). GAAP net loss reflected one-time listing-related stock compensation and valuation allowances; adjusted EBITDA margin was 14% in Q4. The company reduced debt by roughly $900 million in 2025.
- Q4 GMS $2.3B; revenue $449M.
- FY2025 adjusted EBITDA $232M (13% margin).
- Free cash flow $158M for the year.
- 2026 guidance targets robust GMS growth and ~80% adjusted EBITDA growth.
Headline financials
Revenue & EPS history
StubHub Holdings, Inc · Revenue · Quarterly
$449M
Forward guidance
The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.
Tailwinds
- MD&A highlights liquidity, capital, and core business trends.
- Segment or product commentary supports the earnings narrative.
Headwinds
- Macro, rates, or input costs may pressure near-term margins.
- One-time items can affect year-over-year comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports · overlaid with Q4 2025
-10.2%
Avg return
Earnings day
-12.2%
Avg return
5 days after
-2.0%
Avg return
30 days after
33%
1 / 3 earnings
Positive
+2.9%
Q1 2026
Best reaction
-21.0%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.9% | +27.5% | +56.4% | |
| Q4 2025 | -12.4% | -22.0% | -36.7% | |
| Q3 2025 | -21.0% | -42.1% | -25.9% |
Discussion
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