Ticketing marketplace StubHub's Q2 revenue up on World Cup demand, raises FY sales outlook
Ticketing marketplace StubHub's Q2 revenue up on World Cup demand, raises FY sales outlook
Overview
Ticketing marketplace's Q2 revenue rose 33% yr/yr to record high
Adjusted EBITDA for Q2 nearly doubled, margin up 600 bps yr/yr
Company raised full-year GMS outlook after strong Q2 results
Outlook
StubHub raises 2026 GMS outlook to $10.1 bln-$10.3 bln
Company reiterates 2026 adjusted EBITDA guidance of $400 mln-$420 mln
Result Drivers
WORLD CUP DEMAND - Co said strong demand for live events, especially the World Cup, drove record Q2 results
MARKET LEADERSHIP - Co attributed results to its leadership in the resale market and ability to deliver experiences at scale
FAN EXPERIENCE INITIATIVES - Co said it remains focused on enhancing the fan experience and expanding its addressable market
Company press release: ID:nBw8k2KpDa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Gross Merchandise Sales |
| $3.1 bln |
|
Q2 Net Income |
| $14.6 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Stubhub Holdings, Inc is $12.50, about 52.6% above its August 11 closing price of $8.19
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
Aug 11 - Canada's Cineplex Q2 revenue rises to record high driven by live FIFA World Cup screenings
Aug 12 - Madison Square Garden Q4 revenue beats estimates on higher concerts and related income
Aug 11 - Smithfield Foods trims full-year forecasts as consumers rein in spending
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)