{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-280227","form_type":"8-K","ticker":"STUB","cik":"0001337634","company_name":"StubHub Holdings, Inc.","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.186578+00:00","generated_at":"2026-05-16T20:11:44.913145+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"StubHub Q3: GMS $2.4B (+11% YoY), Adj. EBITDA $67M (+21%), net loss $1.3B on IPO charge","bullets":["GMS $2.4B, up 11% YoY; excluding Taylor Swift Eras Tour, GMS grew 24%.","Revenue $468M (+8% YoY); net loss $1.3B includes $1.4B one-time stock-based comp from IPO.","Adjusted EBITDA $67M (+21%), margin 14%.","IPO in Sept raised ~$1B gross; repaid $750M debt; Net Leverage 3.9x TTM Adj. EBITDA.","Multi-year partnership with MLB for Direct Issuance ticketing starting 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-280227","json":"https://secwatch.observer/filing/0001193125-25-280227.json","markdown":"https://secwatch.observer/filing/0001193125-25-280227.md","text":"https://secwatch.observer/filing/0001193125-25-280227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337634/000119312525280227/0001193125-25-280227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337634/000119312525280227/d35879d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:11:44.913145+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}