{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-072769","form_type":"8-K","ticker":"STUB","cik":"0001337634","company_name":"StubHub Holdings, Inc.","filed_at":"2026-11-10T21:24:38+00:00","discovered_at":"2026-11-10T21:26:00.236471+00:00","generated_at":"2026-11-10T21:26:11.001315+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"StubHub Q3 revenue $502M, adjusted EBITDA $124M; raises FY GMS outlook; CFO James to exit","bullets":["Q3 GMS $2.62B, up 7% YoY; revenue $502.0M vs $468.1M; net income $33.6M vs prior-year net loss of $1.2946B, which included $1.4052B stock comp.","Adjusted EBITDA $124.1M, up 84% YoY; margin 25%, up 10 points; cash $1.2B; net leverage 2.5x vs 4.5x at Dec. 31, 2025.","FY2026 outlook: GMS raised to $10.175B-$10.375B; adjusted EBITDA reiterated at $400M-$420M.","Michael Noonan, Tripadvisor CFO, named StubHub CFO effective Jan. 4, 2027, succeeding Connie James; James to consult through June 30, 2027 for $71,506.85.","Noonan package: at least $550K salary, $550K guaranteed bonus, $3M initial RSUs; James separation: $1M cash, $1.25M vested RSUs, 180,000 RSU transition bonus."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-072769","json":"https://secwatch.observer/filing/0001628280-26-072769.json","markdown":"https://secwatch.observer/filing/0001628280-26-072769.md","text":"https://secwatch.observer/filing/0001628280-26-072769.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337634/000162828026072769/0001628280-26-072769-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337634/000162828026072769/stub-20261110.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T21:26:11.001315+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"}