StubHub Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 14, 2025
STUB$5.85-4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 | |||||
| Revenue | $468,113 | $433,779 | $1,296,015 | $1,237,230 | |
| Costs and expenses: | |||||
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 100,514 | 79,562 | 238,102 | 205,919 | |
| Operations and support | 22,508 | 15,584 | 48,634 | 44,379 | |
| Sales and marketing | 281,136 | 220,964 | 735,246 | 606,664 | |
| General and administrative | 1,425,733 | 99,355 | 1,571,161 | 296,929 | |
| Depreciation and amortization | 6,411 | 6,168 | 19,167 | 18,139 | |
| Total costs and expenses | 1,836,302 | 421,633 | 2,612,310 | 1,172,030 | |
| (Loss) income from operations | (1,368,189) | 12,146 | (1,316,295) | 65,200 | |
| Interest income | 12,912 | 11,045 | 31,579 | 31,286 | |
| Interest expense | (35,360) | (47,548) | (121,665) | (134,569) | |
| Other income, net | 4,904 | 1,907 | 4,552 | 1,907 | |
| Foreign currency losses | (1,133) | (19,519) | (86,303) | (5,388) | |
| Loss on extinguishment of debt | (15,454) | — | (15,454) | (8,216) | |
| Gains (losses) on derivatives | 1,471 | (7,858) | 637 | 2,380 | |
| Total other expense, net | (32,660) | (61,973) | (186,654) | (112,600) | |
| Loss before income taxes | (1,400,849) | (49,827) | (1,502,949) | (47,400) | |
| Benefit (provision) for income taxes | (Note 16) | 106,240 | 16,815 | 132,328 | (9,590) |
| Net loss | (1,294,609) | (33,012) | (1,370,621) | (56,990) | |
| Net loss attributable to common stockholders | (Note 18) | $(1,331,317) | $(45,875) | $(1,443,132) | $(96,061) |
| Net loss per share attributable to common stockholders: | |||||
| Basic | (Note 18) | $(4.27) | $(0.15) | $(4.70) | $(0.32) |
| Diluted | (Note 18) | $(4.27) | $(0.15) | $(4.71) | $(0.32) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders: | |||||
| Basic | (Note 18) | 311,633,848 | 304,427,934 | 306,981,026 | 304,335,924 |
| Diluted | (Note 18) | 312,956,375 | 304,427,934 | 307,421,868 | 304,335,924 |
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