---
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"
generated_at: "2026-08-12T20:30:08.142323+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# StubHub Q2 GMS $3.1B (+34%), revenue $573.1M (+33%), adjusted EBITDA $105.7M (+94%)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-056250
- JSON: https://secwatch.observer/filing/0001628280-26-056250.json
- Plain text: https://secwatch.observer/filing/0001628280-26-056250.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.