StubHub Holdings Inc. (NYSE:STUB) shares fell after the company released its third-quarter earnings report after Thursday's closing bell with a wider-than-anticipated loss per share.
Here's a look at the details in the report.
- STUB stock is moving. Watch the price action here.
The Details: Stubhub reported quarterly losses of $4.27 per share, which missed the analyst consensus estimate of $3.08.
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Quarterly revenue clocked in at $468 million, beating the consensus estimate of $451.8 million.
Gross merchandise sales (GMS) was $2.4 billion, up 11% year-over-year. Excluding the impact of the Taylor Swift “Eras” Tour, GMS grew 24% year-over-year
“Our debut quarter as a public company underscores the strength and resilience of our global marketplace. We delivered double-digit GMS growth, expanded market share, and significantly strengthened our balance sheet — all while advancing our long-term strategy to make live entertainment more accessible for fans everywhere,” said Eric Baker, CEO of StubHub.
STUB Stock Price: According to data from Benzinga Pro, StubHub stock was down 20.35% at $14.99 in Thursday's extended trading.
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