StubHub, an online ticket resale platform, has filed a prospectus to be listed on the New York Stock Exchange (NYSE) after pausing plans for an initial public offering the previous year. The company disclosed that it had sold over 40 million tickets in 2024, generating Gross Merchandise Sales (GMS) of $8.68 billion, a 27% increase from the previous year. In its submission to the U.S. Securities and Exchange Commission (SEC), StubHub reported a net loss of $2.8 million in 2024, despite revenue reaching $1.77 billion. This was a shift from the $405.2 million profit earned in 2023 with a revenue of $1.37 billion.
StubHub's decision to postpone its IPO in 2023 was attributed to unfavorable market conditions. Reports indicated that the company aimed at achieving a market valuation of about $16.5 billion through the offering but opted to wait due to the challenging environment for going public at that time.