StubHub, a Ticket Platform, Seeks Initial Public Offering Highlighting Increased Revenue
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StubHub Holdings Inc., a ticket-selling platform, has filed for an initial public offering with the US Securities and Exchange Commission. The company revealed a revenue increase and a slight annual loss for the year 2024. In 2023, StubHub reported a net income of $405 million on revenue of $1.37 billion, whereas in 2024 it suffered a loss of $2.8 million with revenue of $1.77 billion. The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2024 were $299 million, down from the previous year but a significant improvement from a $57 million loss in 2022.

StubHub has yet to disclose the size or price range for the public share sale, with details expected in a future filing closer to the offering date. The company had initially planned an IPO the previous year but had to postpone due to market conditions following successful ticket sales from Taylor Swift's The Eras Tour. Eric Baker, StubHub's co-founder and CEO, who left the business in 2007 when it was sold to eBay Inc., now holds a significant stake in the company. Viagogo, founded by Baker, acquired StubHub for $4.05 billion in 2019. The combined entity operates under both names.

JPMorgan Chase & Co. and Goldman Sachs Group Inc., along with other banks, are leading the offering, and the company intends for its shares to trade on the New York Stock Exchange under the symbol STUB. Through its ticketing platforms StubHub and Viagogo, the company has a presence in over 200 countries.

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