StubHub STUB

Entertainment, Communication Services

$5.85

−4.10%

Market cap: $2.2B
PE: n/m; a loss over the last year
Forward PE: n/m; not a meaningful number
Price to sales: 1.2×
EV/EBIT: n/m; a loss over the last year
Revenue, 12 months: $1.9B; +8% on a year ago
Net margin: −91.3%
Free cash flow yield: 28.4%

StubHub trades at 1.2× sales. Its trailing earnings are negative, so it has no PE. Revenue was $1.9B over the last twelve months, up 8% on a year earlier with a −91% net margin.

Charts

Financials

Income statement for STUB, by quarter
Income statement	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$433.8M	$533.4M	$397.6M	$430.3M	$468.1M+8%	$449.2M−16%	$446M+12%	$573.1M+33%
Cost of revenue	$79.6M	$128.2M	$62.5M	$75.1M	$100.5M+26%	$75.9M−41%	$65.8M+5%	$104.6M+39%
Gross profit	$354.2M	$405.2M	$335.2M	$355.2M	$367.6M+4%	$373.3M−8%	$380.2M+14%	$468.5M+32%
SG&A	$320.3M	$310.9M	$289.8M	$309.7M	$1.7B+433%	$379.9M+22%	$331.6M+14%	$420.4M+36%
	$12.1M	$72.9M	$26.8M	$25.1M	−$1.4B	−$27.7M	$25.8M−4%	$19.5M−22%
Interest expense	$47.5M	$45.2M	$42.4M	$43.9M	$35.4M−26%	$18.4M−59%	$17.3M−59%	$22.2M−49%
Pre-tax income	−$49.8M	$84.7M	−$30.7M	−$71.4M	−$1.4B+2711%	−$42.4M	$45.2M	$12.2M
	−$16.8M	$30.5M	−$8.5M	−$17.6M	−$106.2M+532%	$492.9M+1518%	−$2.8M−67%	−$2.4M−87%
Net income	−$33M	$54.2M	−$22.2M	−$53.8M	−$1.3B+3822%	−$535.3M	$48M	$14.6M
	−$0.15	$0.13	−$0.12	−$0.25	−$4.27+2747%	−$1.56	$0.06	$0.00
	304.4M	304.4M	304.6M	304.7M	313M+3%	353M+16%	378.3M+24%	378.7M+24%

Gross profit: 8 periods, Q3 FY24 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: Q4 FY24 and Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Entertainment nearest StubHub's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
STUBStubHub	$2.2B	n/m	n/a	1.2×	+8%	−91.3%
ADEAAdeia	$2.3B	19.6×	21.0×	5.0×	+24%	26.1%
PRSUPursuit Attractions & Hospitality	$1.5B	41.3×	36.3×	3.1×	+26%	7.9%
PRKSUnited Parks & Resorts	$1.4B	11.9×	14.2×	0.8×	−4%	8.1%
MSGEMadison Square Garden Entertainment	$3.7B	56.4×	33.0×	3.5×	+13%	6.2%
RSIRush Street Interactive	$3.7B	61.2×	95.1×	2.7×	+34%	2.3%
CNKCinemark	$4.6B	21.9×	17.1×	1.4×	+5%	6.4%
NXSTNexstar Media	$5.2B	32.2×	10.8×	0.9×	+11%	3.2%
MTNVail Resorts	$5.2B	35.4×	32.2×	1.8×	−4%	5.2%
SBGISinclair	$896M	16.3×	15.2×	0.3×	−6%	1.6%
ACELAccel Entertainment	$893.1M	16.4×	21.1×	0.6×	+9%	4.1%
Peer median	$3B	27.0×	21.0×	1.6×	+10%	5.7%