StubHub Holdings, Inc. STUB
We believe we operate the largest global secondary ticketing marketplace for live events. We connect fans around the world with sellers who use our marketplace to reach passionate fans and price tickets efficiently. Our mission is to be the global destination for consumers to access live events and experiences. We envision a future where all live event tickets are widely available to be conveniently purchased and every seat at every venue is filled.
We operate our global ticketing marketplace through two brands: StubHub and viagogo.
In building our marketplace, we created and scaled core capabilities required to succeed in secondary ticketing:
• Technology: End-to-end functionality capable of handling all types of events.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $1.75B | $1.77B | $1.37B | — |
| SG&A | $1.71B | $386.5M | $275.5M | — |
| Total operating expenses | $3.09B | $1.63B | $1.11B | — |
| Operating income | -$1.34B | $138.1M | $253.2M | — |
| Interest expense | $140.0M | $179.8M | $155.9M | — |
| Pre-tax income | -$1.55B | $37.3M | $85.6M | — |
| Income tax | $360.6M | $40.1M | $319.6M | — |
| Net income | -$1.91B | -$2.8M | $405.2M | — |
| EPS, basic | -6.25 | -0.18 | 1.16 | — |
| EPS, diluted | -6.27 | -0.18 | 1.14 | — |
| Shares, diluted (wtd. avg.) | $319.2M | $304.4M | $307.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $1.24B | $1.00B | $775.7M | $419.1M |
| Receivables | $6.9M | $5.5M | — | — |
| Inventory | $9.2M | $16.1M | — | — |
| Total current assets | $1.30B | $1.05B | — | — |
| Property, plant and equipment | $73.3M | $6.5M | — | — |
| Goodwill | $2.69B | $2.69B | — | — |
| Other intangibles | $903.0M | $924.7M | — | — |
| Total assets | $5.05B | $5.09B | — | — |
| Accounts payable | $71.1M | $112.6M | — | — |
| Short-term debt | $0 | $19.5M | — | — |
| Total current liabilities | $1.25B | $1.11B | — | — |
| Long-term debt | $1.51B | $2.31B | — | — |
| Total liabilities | $3.11B | $3.72B | — | — |
| Retained earnings | -$3.41B | -$1.50B | — | — |
| Total equity | $1.18B | $880.6M | $890.2M | $526.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $192.6M | $261.5M | $307.4M | — |
| Depreciation and amortisation | $25.6M | $24.5M | $22.8M | — |
| Stock-based compensation | $1.45B | $7.7M | $34.9M | — |
| Capital expenditure | $1.4M | $1.7M | $1.7M | — |
| Investing cash flow | -$34.4M | -$6.4M | -$5.4M | — |
| Financing cash flow | $71.8M | -$46.7M | $94.1M | — |
| Buybacks | $1.0M | $0 | $1.1M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197608.
Others in SIC 7990
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|---|---|---|---|---|
| DIS | Walt Disney Co | $181.84B | 15.4x | 3.4% |
| DKNG | DraftKings Inc. | $11.91B | — | 27.0% |
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| MTN | VAIL RESORTS INC | $4.81B | 17.9x | 2.7% |
| MSGE | Madison Square Garden Entertainment Corp. | $3.67B | 56.1x | 12.5% |
| RSI | Rush Street Interactive, Inc. | $2.96B | 86.1x | 22.8% |
| PRKS | United Parks & Resorts Inc. | $1.83B | 13.2x | -3.6% |
| PRSU | Pursuit Attractions & Hospitality, Inc. | $1.31B | 60.0x | 23.4% |