StubHub Holdings Inc (NYSE:STUB) shares are moving higher on Thursday after the ticketing platform delivered better‑than‑expected first-quarter results, flipping from a loss last year to a solid profit. Here’s what you need to know.
- StubHub Holdings stock is charging ahead with explosive momentum. Why are STUB shares rallying?
What’s Pushing StubHub Higher?
StubHub posted earnings of 6 cents per share, well above the 2 cent consensus. A year ago, the company was in the red, so the move back into positive territory is a meaningful shift. Revenue reached about $446 million, topping estimates and rising at a pace that outstripped the growth in ticket volume.
Gross merchandise sales climbed to roughly $2.2 billion, up 7% from last year, while revenue grew 12%. Adjusted EBITDA jumped to more than $72 million.
StubHub generated $48 billion …