secwatch.observer — SEC 8-K summary
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Issuer:     StubHub Holdings, Inc. (STUB)
CIK:        0001337634
Form:       8-K
Filed at:   2026-08-12T20:28:39+00:00
Accession:  0001628280-26-056250
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337634/000162828026056250/0001628280-26-056250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337634/000162828026056250/stub-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-056250

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