{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-056250","form_type":"8-K","ticker":"STUB","cik":"0001337634","company_name":"StubHub Holdings, Inc.","filed_at":"2026-08-12T20:28:39+00:00","discovered_at":"2026-08-12T20:30:00.296038+00:00","generated_at":"2026-08-12T20:30:08.142323+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"StubHub Q2 GMS $3.1B (+34%), revenue $573.1M (+33%), adjusted EBITDA $105.7M (+94%)","bullets":["GMS $3.1B, up 34% YoY; revenue $573.1M, up 33% YoY; net income $14.6M vs net loss of $53.8M.","Adjusted EBITDA $105.7M, up 94% YoY; margin 18%, up ~600 bps; free cash flow $309.7M vs $9.7M.","Cut debt $200M YTD ($100M May, $100M July); $1.1B reduction over 12 months; net leverage 3.0x vs 4.5x.","Raises FY2026 GMS outlook to $10.1-10.3B; reiterates adjusted EBITDA guidance of $400-420M.","Cash and equivalents $1.7B; payments due to sellers $1.2B; CEO cites record-setting World Cup demand."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-056250","json":"https://secwatch.observer/filing/0001628280-26-056250.json","markdown":"https://secwatch.observer/filing/0001628280-26-056250.md","text":"https://secwatch.observer/filing/0001628280-26-056250.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337634/000162828026056250/0001628280-26-056250-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337634/000162828026056250/stub-20260812.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-12T20:30:08.142323+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"}