secwatch.observer — SEC 8-K summary
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Issuer:     StubHub Holdings, Inc. (STUB)
CIK:        0001337634
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001628280-26-014651
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

StubHub FY2025 GMS $9.2B (+6%); guides FY2026 GMS $9.9B-$10.1B & Adj. EBITDA $400M-$420M
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- FY2025 GMS $9.2B (+6%; +18% underlying ex-Taylor Swift); revenue $1.7B.
- FY2025 net loss $1.9B; includes $1.4B stock-based comp and $479M non-cash valuation allowance.
- Q4 2025 GMS $2.3B; revenue $449M; Adj. EBITDA $63M (14% margin); net loss $535M.
- FY2026 guidance: GMS $9.9B-$10.1B; Adj. EBITDA $400M-$420M (~72% growth).
- Reduced debt ~$900M in 2025; lock-up restrictions expire March 6, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337634/000162828026014651/0001628280-26-014651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337634/000162828026014651/stub-20260304.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-014651

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer