Key Metrics
StubHub’s revenue performance was quite impressive in the past two years. In fiscal 2024, revenues increased 30% year-over-year to $1.77 billion. Despite the strong topline growth, the company reported a net loss of $55.1 million or $0.91 per share, attributable to common stockholders, compared to a profit of $351.5 million or $5.71 per share in fiscal 2023. Net cash provided by operating activities for the year was $261.5 million.
StubHub was founded in 2000 as the first online marketplace for secondary tickets by Eric Baker, who currently serves as the chief executive officer. It was acquired by eBay in 2007, before Baker reacquired the business through his new company Viagogo. StubHub’s global presence provides its leading distribution capabilities and reach among fans around the world.
Outlook
In the SEC filing, the company said it expects a significant opportunity to leverage its data and technology to create a comprehensive platform for all event-related content. However, StubHub’s business is vulnerable to factors that affect the live events market, like the pandemic which brought the entire industry to a standstill a few years ago.