Quarterly ResultMay 13, 2026, 04:31 PM
StubHub Q1 Revenue +12% to $446M; Net Income $48M
AI Summary
StubHub Holdings, Inc. announced strong first quarter 2026 financial results, with Gross Merchandise Sales increasing 7% to $2.2 billion and revenue growing 12% to $446.0 million. The company achieved a net income of $48.0 million, a significant improvement from a net loss in the prior year, and saw Adjusted EBITDA jump 50% to $72.1 million. StubHub also made progress on debt reduction with an additional $100.0 million payment in May and reiterated its positive full-year financial outlook for 2026.
Key Highlights
- Gross Merchandise Sales increased 7% year-over-year to $2.2 billion.
- Revenue increased 12% year-over-year to $446.0 million.
- Net income was $48.0 million, compared to a net loss of $22.2 million in prior year.
- Adjusted EBITDA rose 50% to $72.1 million, with a 16% margin.
- Net cash provided by operating activities increased 88% to $298.4 million.
- Debt reduced by an additional $100.0 million in May.
- Reiterated full-year 2026 GMS outlook of $9.9 billion to $10.1 billion.
- Reiterated full-year 2026 Adjusted EBITDA outlook of $400 million to $420 million.