StubHub Reports 33.2% Revenue Growth to $573.1 Million in Latest Quarter

StubHub Holdings, Inc. reported significant financial improvements in its latest quarterly filing, with revenue reaching $573.1 million for the three months ended June 30, 2026, a 33.2% increase from $430.3 million in the same period last year. For the first half of 2026, revenue totaled $1.02 billion, up 23.1% from $827.9 million in the first half of 2025. The company also achieved a net income of $14.6 million for the second quarter, a notable recovery from a net loss of $53.8 million in the prior year. Adjusted EBITDA for the quarter was $105.7 million, reflecting a 94% increase compared to $54.3 million in the same quarter of 2025.

The company’s gross merchandise sales (GMS) also saw substantial growth, reaching $3.1 billion in the second quarter, up 34% year-over-year. This increase was attributed to a rise in GMS per transaction, driven by strong demand in both North American and international markets, particularly during major events like the World Cup. StubHub's gross margin slightly decreased to 82% from 83% year-over-year, while total costs and expenses rose to $553.6 million, up from $405.2 million, primarily due to increased sales and marketing expenses.

In terms of operational metrics, StubHub reported a significant increase in cash flow, with net cash provided by operating activities amounting to $321.9 million for the second quarter, compared to $19.3 million in the same period last year. The company also reduced its long-term debt obligations by $100 million in May 2026 and made an additional $100 million payment in July 2026, further strengthening its balance sheet. As of June 30, 2026, StubHub held $1.7 billion in cash and cash equivalents, indicating a solid liquidity position.

Strategically, StubHub continues to enhance its platform and expand its market presence. The company operates in over 200 countries and territories, supporting more than 30 languages and accepting payments in over 45 currencies. The filing also highlighted ongoing efforts to improve internal controls and financial reporting processes, addressing previously identified material weaknesses. Management is actively working on remediation plans, including hiring additional personnel and implementing new policies and procedures.

Looking ahead, StubHub remains optimistic about its growth trajectory, driven by increasing demand for live events and a robust ticketing marketplace. The company anticipates that its existing cash reserves will be sufficient to meet operational needs for at least the next 12 months, while also preparing for potential refinancing of its credit facilities in the future.