StubHub Posts $3.1 Billion Q2 GMS as Adjusted EBITDA Nearly Doubles to $106 Million
Updated
Updated · Yahoo Finance · Aug 13
StubHub Posts $3.1 Billion Q2 GMS as Adjusted EBITDA Nearly Doubles to $106 Million
3 articles · Updated · Yahoo Finance · Aug 13
Summary
$3.1 billion in Q2 gross merchandise sales and $573 million in revenue marked record results for StubHub, while net income reached $14.6 million.
$106 million in adjusted EBITDA nearly doubled from a year earlier, lifting margin to 18% as gross margin hit about 82% and sales-and-marketing costs fell to 47% of revenue.
$1.7 billion in cash helped StubHub cut net leverage to 3 times EBITDA from 4.5 times at end-2025; it also repaid another $100 million after quarter-end, bringing 12-month debt reduction to $1.1 billion.
Full-year GMS guidance was raised to $10.1 billion-$10.3 billion, implying 10%-12% growth, while adjusted EBITDA guidance stayed at $400 million-$420 million.
World Cup demand underpinned the quarter, with fans from more than 150 countries and international GMS outpacing North America, reinforcing StubHub's push into broader distribution partnerships and AI tools.