Aug. 17 at 8:44 PM
StubHub shares fell during midday trading as selling pressure continued following a near-zero adjusted profit in its Q2 2026 earnings report. Despite reporting record quarterly revenue of
$573.1 million, up 33% year over year, and gross merchandise volume of
$3.1 billion, up 34%, adjusted EPS was nearly zero, far below Wall Street’s
$0.24 consensus. Rising costs, including nearly doubled G&A expenses, absorbed most of the company’s earnings.
Analysts quickly lowered expectations. BofA Securities downgraded StubHub to Underperform from Neutral and cut its price target to
$7.50 from
$11, citing weaker implied second-half GMV growth in management’s guidance, regulatory uncertainty around ticket resale price caps and difficult year-over-year comparisons heading into early 2027. Mizuho also reduced its target, while Guggenheim and Evercore ISI maintained positive ratings but lowered their targets.
$STUB $SPX