STUB - StubHub Holdings, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$12.81
DETAILS
HIGH:
$18.00
LOW:
$8.75
MEDIAN:
$12.25
CONSENSUS:
$12.81
UPSIDE:
28.36%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 1,745.2 | 1,770.6 | 1,367.7 | 1,036.7 | 672.8 | 35.6 | 211.6 |
| Cost of Revenue | 339.6 | 334.1 | 231.9 | 185.6 | 89.0 | 227.0 | 47.7 |
| Gross Profit | 1,405.6 | 1,436.5 | 1,135.8 | 851.1 | 583.8 | (191.4) | 164.0 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 2,686.3 | 1,214.5 | 793.3 | 910.5 | 698.3 | 337.4 | 186.1 |
| Other Expenses | 0 | 84.0 | 89.4 | 158.0 | 269.4 | 0 | 0 |
| Operating Expenses | 2,686.3 | 1,298.5 | 882.6 | 1,068.5 | 967.7 | 337.4 | 186.1 |
| Operating Income | |||||||
| Operating Income | (1,280.7) | 138.1 | 253.2 | (217.4) | (383.9) | (528.8) | (22.1) |
| Interest Expense | 140.0 | 179.8 | 155.9 | 119.7 | 135.4 | 75.9 | 3.7 |
| Interest Income | 42.4 | 41.1 | 22.5 | 2.8 | 0.2 | 1.2 | 4.4 |
| Profitability | |||||||
| EBITDA | (1,255.1) | 241.6 | 264.3 | (43.7) | (251.8) | (617.6) | (48.5) |
| EBIT | (1,280.7) | 217.0 | 241.5 | (128.8) | (474.9) | (810.4) | (48.9) |
| Income Before Tax | (1,545.3) | 37.3 | 85.6 | (248.5) | (610.3) | (886.3) | (52.6) |
| Income Tax Expense | 360.6 | 40.1 | (319.6) | 12.5 | 19.7 | 24.4 | 9.2 |
| Net Income | (1,905.9) | (2.8) | 405.2 | (261.0) | (630.0) | (910.7) | (61.8) |
| Per Share Data | |||||||
| EPS (Basic) | -5.76 | -0.15 | 1.07 | -0.97 | -2.17 | -2.61 | -0.17 |
| EPS (Diluted) | -5.76 | -0.15 | 1.07 | -0.97 | -2.17 | -2.61 | -0.17 |
| Shares Outstanding | 346.1 | 325.6 | 329.1 | 329.1 | 329.1 | 367.8 | 367.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 1,241.6 | 1,001.0 | 775.7 | 372.4 | 554.1 | 673.1 | 270.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 6.9 | 11.0 | 16.8 | 10.6 | 33.4 | 29.8 | 2.9 |
| Inventory | 9.2 | 16.1 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 37.9 | 16.1 | 50.1 | 48.7 | 49.0 | 33.9 | 4.0 |
| Total Current Assets | 1,295.6 | 1,051.4 | 848.2 | 439.3 | 641.5 | 749.4 | 281.9 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 73.3 | 29.0 | 17.3 | 8.6 | 7.3 | 41.7 | 1.2 |
| Goodwill | 2,686.7 | 2,686.7 | 2,686.7 | 2,686.7 | 2,658.8 | 2,660.7 | 0 |
| Intangible Assets | 903.0 | 924.7 | 944.9 | 964.3 | 1,042.8 | 1,322.4 | 0 |
| Long-Term Investments | 17.5 | 134.5 | 169.3 | 237.2 | 44.0 | 20.6 | 21.1 |
| Other Non-Current Assets | 75.8 | 18.9 | 8.1 | 7.0 | 16.4 | 32.3 | 13.1 |
| Total Non-Current Assets | 3,758.4 | 4,042.2 | 4,127.1 | 3,903.8 | 3,769.4 | 4,106.5 | 40.0 |
| Total Assets | 5,054.1 | 5,093.6 | 4,975.2 | 4,343.1 | 4,410.9 | 4,855.9 | 321.9 |
| Current Liabilities | |||||||
| Account Payables | 71.1 | 112.6 | 43.8 | 68.4 | 49.9 | 49.2 | 0.5 |
| Short-Term Debt | 0 | 19.5 | 20.3 | 20.3 | 20.3 | 20.3 | 23.4 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 18.3 | 0 |
| Other Current Liabilities | 1,180.2 | 92.0 | 79.4 | 156.0 | 183.1 | 490.1 | 173.2 |
| Total Current Liabilities | 1,251.3 | 1,108.0 | 940.4 | 870.6 | 716.8 | 688.6 | 251.7 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 1,507.0 | 2,312.0 | 2,387.8 | 2,381.0 | 2,416.8 | 2,464.0 | 0 |
| Deferred Tax Liabilities | 93.2 | 0 | 0 | 38.9 | 23.8 | 46.2 | 0 |
| Other Non-Current Liabilities | 261.0 | 295.8 | 258.1 | 145.2 | 117.3 | 179.1 | 36.0 |
| Total Non-Current Liabilities | 1,861.2 | 2,607.8 | 2,645.9 | 2,565.1 | 2,557.9 | 2,689.3 | 36.0 |
| Total Liabilities | 3,112.4 | 3,715.8 | 3,586.3 | 3,435.7 | 3,274.7 | 3,377.9 | 287.7 |
| Stockholders' Equity | |||||||
| Common Stock | 0.3 | 22.6 | 24.1 | 0.1 | 0.1 | 0.1 | 0.0 |
| Retained Earnings | (3,410.6) | (1,504.7) | (1,501.9) | (1,907.1) | (1,614.5) | (984.6) | (73.9) |
| Accumulated Other Comprehensive Income | 71.3 | 129.4 | 155.9 | 197.8 | 42.7 | (14.5) | (4.4) |
| Total Stockholders' Equity | 1,941.6 | 1,377.7 | 1,388.9 | 907.4 | 1,136.2 | 1,478.0 | 34.2 |
| Total Liabilities & Equity | 5,054.1 | 5,093.6 | 4,975.2 | 4,343.1 | 4,410.9 | 4,855.9 | 321.9 |
| Debt Metrics | |||||||
| Total Debt | 1,507.0 | 2,331.5 | 2,408.1 | 2,401.3 | 2,437.1 | 2,484.3 | 23.4 |
| Net Debt | 265.4 | 1,330.5 | 1,632.4 | 2,028.9 | 1,883.0 | 1,811.2 | (247.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (1,992.4) | (2.8) | 405.2 | (261.0) | (630.0) | (910.7) | (61.8) |
| Depreciation & Amortization | 25.6 | 24.5 | 22.8 | 85.0 | 223.1 | 192.8 | 0.4 |
| Stock-Based Compensation | 0 | 7.7 | 34.9 | 21.4 | 113.0 | 0 | 0 |
| Change in Working Capital | 147.0 | 176.3 | 116.9 | 169.5 | 38.5 | 268.0 | (98.9) |
| Other Non-Cash Items | 1,655.6 | (2.0) | 53.7 | (74.9) | 101.4 | 172.4 | 14.0 |
| Operating Cash Flow | 192.6 | 261.5 | 307.4 | (47.5) | (136.1) | (252.4) | (144.0) |
| Investing Activities | |||||||
| Capital Expenditure | (1.4) | (6.4) | (5.4) | (2.3) | (3.6) | (1.1) | (1.2) |
| Acquisitions | 0 | 0 | 0 | 0 | (45.4) | (4,055.3) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (4.7) | (3.7) | 0.9 | 0 | 0 | 0 |
| Investing Cash Flow | (34.4) | (6.4) | (5.4) | (0.7) | (49.0) | (4,056.3) | (1.2) |
| Financing Activities | |||||||
| Net Debt Issuance | (909.8) | (63.1) | (20.3) | (20.3) | (19.0) | 2,394.1 | 0 |
| Stock Repurchased | (1.0) | 0 | (1.1) | (5.0) | (1.8) | (0.7) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | (0.1) | (5.2) |
| Other Financing Activities | (68.5) | (7.6) | 0.5 | 0.0 | (19.5) | 0 | 18 |
| Financing Cash Flow | 71.8 | (46.7) | 94.1 | (134.2) | 126.1 | 4,712.9 | 12.9 |
| Cash Position | |||||||
| Net Change in Cash | 240.3 | 194.9 | 401.9 | (197.7) | (68.2) | 402.6 | 270.5 |
| Cash at Beginning | 1,001.3 | 821.1 | 419.1 | 616.8 | 685.0 | 270.5 | 0 |
| Cash at End | 1,241.6 | 1,015.9 | 821.1 | 419.1 | 616.8 | 673.1 | 270.5 |
| Free Cash Flow | 191.2 | 255.1 | 302.0 | (49.8) | (139.6) | (253.5) | (145.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 1,745.2 | 1,770.6 | 1,367.7 | 1,036.7 | 672.8 | 35.6 | 211.6 |
| Gross Profit | 1,405.6 | 1,436.5 | 1,135.8 | 851.1 | 583.8 | (191.4) | 164.0 |
| Operating Income | (1,280.7) | 138.1 | 253.2 | (217.4) | (383.9) | (528.8) | (22.1) |
| Net Income | (1,905.9) | (2.8) | 405.2 | (261.0) | (630.0) | (910.7) | (61.8) |
| EPS (Diluted) | -5.76 | -0.15 | 1.07 | -0.97 | -2.17 | -2.61 | -0.17 |
| Balance Sheet | |||||||
| Cash & Equivalents | 1,241.6 | 1,001.0 | 775.7 | 372.4 | 554.1 | 673.1 | 270.5 |
| Total Assets | 5,054.1 | 5,093.6 | 4,975.2 | 4,343.1 | 4,410.9 | 4,855.9 | 321.9 |
| Total Debt | 1,507.0 | 2,331.5 | 2,408.1 | 2,401.3 | 2,437.1 | 2,484.3 | 23.4 |
| Stockholders' Equity | 1,941.6 | 1,377.7 | 1,388.9 | 907.4 | 1,136.2 | 1,478.0 | 34.2 |
| Cash Flow | |||||||
| Operating Cash Flow | 192.6 | 261.5 | 307.4 | (47.5) | (136.1) | (252.4) | (144.0) |
| Capital Expenditure | (1.4) | (6.4) | (5.4) | (2.3) | (3.6) | (1.1) | (1.2) |
| Free Cash Flow | 191.2 | 255.1 | 302.0 | (49.8) | (139.6) | (253.5) | (145.2) |