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StubHub Holdings, Inc. (STUB) Q4 2025 Earnings Call Transcript

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⚡ Quantum Brief
StubHub reported Q4 2025 earnings on March 4, 2026, with EPS of $0.05—beating estimates by $0.06—while revenue reached $449.17 million, missing projections by $36.41 million. CEO Eric Baker and CFO Constance James led the call, highlighting mixed financial results amid market volatility, emphasizing cost controls and operational efficiency as key priorities for 2026. Analysts from JPMorgan, Goldman Sachs, and Bank of America questioned growth strategies, focusing on demand trends, pricing dynamics, and competitive pressures in the ticket resale sector. The company issued cautious forward-looking statements, noting risks like economic uncertainty and regulatory changes that could impact future performance, without committing to specific updates. Investor materials, including the earnings release and shareholder letter, were published on StubHub’s Investor Relations website for further review.
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SA Transcripts158.82K FollowersFollow5ShareSaveCommentsQ4: 2026-03-04 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.05 beats by $0.06 | Revenue of $449.17M misses by $36.41M StubHub Holdings, Inc. (STUB) Q4 2025 Earnings Call March 4, 2026 5:00 PM EST Company Participants Clinton HooksEric Baker - Founder, CEO, & ChairmanConstance James - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Chase & Co, Research DivisionEric Sheridan - Goldman Sachs Group, Inc., Research DivisionJustin Post - BofA Securities, Research DivisionMark Stephen Mahaney - Evercore Inc.Logan Whalley - TD Cowen, Research DivisionBrian Pitz - BMO Capital Markets Equity ResearchAndrew Boone - Citizens JMP Securities, LLC, Research Division Presentation Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to StubHub's Fourth Quarter and Year-End 2025 Earnings Conference Call. [Operator Instructions] Please note that this conference call is being recorded today, March 4, 2026. I will now turn the call over to Clinton Hooks with StubHub. Please go ahead.

Clinton Hooks Thank you, operator, and thank you for joining us to discuss StubHub's fourth quarter and year-end 2025 results. For reference, our fourth quarter and year-end 2025 earnings release, shareholder letter and presentation are available under the Quarterly Results section of our Investor Relations website at investors.stubhub.com. Before we begin our formal remarks, we need to remind everyone that the discussion today will include forward-looking statements. These forward-looking statements, which are usually identified by use of words such as will, expect, anticipate, should or other similar phrases are not guarantees of future performance. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect, and therefore, you should exercise caution when interpreting and relying on them. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can make no assurance related to its expectations. The company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, unless otherwise required by law.

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