StubHub dives to post-IPO low after Q3 beat fails to ease outlook concerns

Stubhub Holdings

14/11/2025 15:50

** Shares of ticket-reselling platform StubHub Holdings STUB.N plunge 23.33% at $14.43, hitting a new post-IPO low

** STUB provides no Q4 outlook; however, reports Q3 revenue of $468 mln, beating analyst est. of $461.08 mln - data compiled by LSEG

** Brokerage BofA says commentary signals less visibility on 2026 tour timings; flags risks from U.S. ticketing regulation and upcoming lock-up expiry

** BofA cuts rating to "neutral" from "buy", trims PT to $19 from $25; lowers Q4 gross merchandise sales estimates to $12.7 bln from $13.3 bln

** Up to last close, shares were down 14.5% since its debut in September

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))