CMB Stock News Of The Day 📰🗞️🗞️📈📉

“StubHub Plunges After Steeper-Than-Expected Earnings Loss Despite Revenue Beat” 🚨🚨🚨

StubHub (STUB $14.31, -23.96%) is getting hammered in premarket trading after posting quarterly results that badly missed profit expectations, sending shares down roughly 20% as of 4:50 a.m. ET. The drop follows the company’s first earnings release since going public — and Wall Street didn’t like what it saw.

StubHub reported a loss of $4.27 per share, far worse than the $2.87 loss analysts surveyed by FactSet had forecast. The company attributed part of the deeper losses to costs tied to its recent IPO, which added additional pressure to margins.

Despite the earnings miss, revenue came in stronger than expected. StubHub generated $468 million in sales, topping analyst estimates of $452 million, signaling solid demand across the live events market.

But the beat wasn’t enough to calm investors — especially after Live Nation, the dominant player in the space, also posted an earnings miss earlier this month. The combination is raising concerns about cost pressures and profitability across the live entertainment ecosystem, even as fan demand for events remains healthy.

With its first post-IPO report landing with a thud, StubHub now faces the challenge of proving it can scale profitably while managing the added scrutiny of public markets.