The UK CMA opens probes into StubHub, Viagogo, and others over allegedly deceptive online pricing practices; the UK plans to ban above face value ticket resales
Martin Arnold / Financial Times :
StubHub reports Q3 revenue up 8% YoY to $468.1M, vs. $452M est., and net loss up 3822% YoY to $1.29B due to a stock-based compensation charge; STUB drops 15%+
Traders Monitor Risk Sentiment Associated Press : StubHub: Q3 Earnings Snapshot Forums: r/business : StubHub stock tanks 20% as CEO Eric Baker says it is not giving guidance for current quarter
StubHub's shares closed down 6.4% in its NYSE debut on September 17, giving StubHub an $8.1B market value, after the ticketing platform raised $800M in its IPO
StubHub Inc.'s initial public offering dipped 6% below its offering price … Todd Spangler / Variety : StubHub IPO Fizzles: Stock Closes Down 6.4% on First Day of Trading Bloomberg : Bloomberg Talks St...
Sources: StubHub is pricing its US IPO at $23.50/share after marketing a range of $22-$25, giving it an $8.6B market cap, and will trade under the ticker STUB
Bloomberg :
Ticketing platform StubHub plans to sell ~34M shares at $22 to $25 in its IPO, valuing it at up to $9.2B and raising up to $851M, after delaying an IPO in April
Sources: StubHub and Netskope plan to start formally marketing their IPOs as soon as September 8; StubHub could raise $1B+ and Netskope is seeking to raise ~$1B
Bloomberg :
Filing: StubHub, which is planning a September IPO, says revenue grew 3% to $828M in H1, missing its earlier projection of $885M, with adjusted EBITDA down 7%
Cory Weinberg / The Information :
Filing: StubHub, which is planning a September IPO, says revenue grew 3% to $828M in H1, missing its earlier projection of $885M, with adjusted EBITDA down 7%
Even as StubHub makes a renewed push to go public, its business isn't expanding as quickly as it had hoped.
Source: StubHub now aims to hold its IPO in September, after pausing in April; it filed an updated IPO prospectus, reporting Q1 revenue up 10% YoY to $397.6M
Nintendo delays Switch 2 preorders, which were set to start on April 9, “to assess the potential impact” of Trump's tariffs; the June 5 launch date is unchanged
June 5 launch date still on schedule Charles Harte / Game Informer : Trump Tariff Plans Delay Nintendo Switch 2 Pre-Order Date Arol Wright / How-To Geek : Tariffs Just Killed Nintendo Switch 2 Pre-Ord...