StubHub Raises Guidance But Falls Short of the FIFA World Cup Quarter -- Barrons.com
Dow Jones2026/11/10 22:30By Janet H. Cho
StubHub reported slightly higher-than-expected gross merchandise sales and raised its full-year revenue guidance. But third-quarter revenue fell below expectations.
Gross merchandise sales increased 7% from a year ago to $2.61 billion, above the $2.598 billion analysts expected, according to FactSet. Sales were down from the record $3.09 billion recorded in the second quarter, which was boosted by the FIFA World Cup and related resale market.
Third-quarter earnings of 5 cents a share fell short of the 8 cents a share expected by Wall Street, but swung profitable from a loss of $4.27 a share a year ago. Revenue of $502.0 million was up 7% from a year ago but missed analysts' projections for $506.7 million, and were below the record $573.1 million reported in the second quarter.
StubHub also announced that Michael Noonan will be the company's next chief financial officer, starting Jan. 4, 2027, replacing Connie James, who is leaving in January to pursue new opportunities but will stay at the company for a six-month transition. Noonan is currently chief financial officer at Tripadvisor, a publicly traded travel company, and before that was CFO at Noom, a consumer-focused health company.
StubHub shares were down 4% in late Tuesday trading, after closing down 3.4% at $5.65 in regular trading. The stock is down 58% this year through Tuesday's close and down 71% over the past 12 months.
Founder, chairman, and CEO Eric Baker said StubHub was raising its full-year gross merchandise sales outlook to between $10.18 billion and $10.38 billion, to reflect "our positive third quarter results and anticipated performance for the remainder of the year," as consumers continue prioritizing live events and StubHub's experience as the global market ticketing leader.
StubHub last quarter raised its full-year outlook for gross merchandise volume to between $10.1 billion and $10.3 billion. This quarter, it reiterated its adjusted Ebitda outlook for $400 million to $420 million.
Analysts expect full-year gross merchandise sales of $10.32 billion, adjusted earnings of 43 cents a share, and revenue of $2.02 billion.
Write to Janet H. Cho at janet.cho@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
November 10, 2026 17:30 ET (22:30 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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