StubHub raises 2026 GMS outlook to $10.1 bln-$10.3 bln
Company reiterates 2026 adjusted EBITDA guidance of $400 mln-$420 mln
Q2 results and drivers
Ticketing marketplace's Q2 revenue rose 33% yr/yr to record high
Adjusted EBITDA for Q2 nearly doubled, margin up 600 bps yr/yr
Co said strong demand for live events, especially the World Cup, drove record Q2 results
Co attributed results to its leadership in the resale market and ability to deliver experiences at scale
Co said it remains focused on enhancing the fan experience and expanding its addressable market
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Merchandise Sales
$3.1 bln
Q2 Net Income
$14.6 mln
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
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