StubHub Holdings, Inc. — Third Quarter 2026 Earnings Summary

StubHub Holdings reported third-quarter 2026 gross merchandise sales of $2.62 billion, representing a 7% year-over-year increase, while revenue rose 7% to $502.0 million. The company achieved an adjusted EBITDA of $124.1 million, marking an 84% increase from the prior year and an adjusted EBITDA margin of 25%. StubHub raised its full-year 2026 gross merchandise sales outlook to a range of $10.175 billion to $10.375 billion and reiterated its adjusted EBITDA guidance of $400 million to $420 million. Additionally, the company strengthened its balance sheet by extending debt maturities, reducing borrowing rates, and repaying $100 million in debt, which improved its net leverage ratio to 2.5 times trailing twelve-month adjusted EBITDA.