Earnings Releases·Nov 10, 2026, 4:24 PM ET

StubHub Holdings, Inc. — Third Quarter 2026 Earnings Summary

Gross Merchandise Sales (GMS) and revenue both grew 7% year-over-year to $2.62 billion and $502.0 million respectively, while net income turned positive at $33.6 million compared to a $1.29 billion loss in the prior-year period driven by a reduction in stock-based compensation.
Adjusted EBITDA surged 84% year-over-year to $124.1 million with a 25% margin, and net leverage improved significantly to 2.5x from 4.5x as of December 31, 2025.
The company raised its full-year 2026 GMS outlook to $10.175 billion–$10.375 billion while reiterating its Adjusted EBITDA guidance of $400 million–$420 million.
Balance sheet strength was enhanced through $100 million in debt repayments, a reduction in long-term debt to $1.298 billion, and the extension of term loan maturities by 3.5 years.