From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 1m 10s
StubHub Q3 Earnings Miss
StubHub's Q3 earnings miss 64.3% of estimates despite revenue growth.
In brief
StubHub's Q3 earnings miss 64.3% of estimates despite revenue growth. StubHub Holdings reported Q3 2026 EPS of $0.05 vs $0.14 estimates, revenue $502.0M vs $514.6M estimates, with 7% YoY revenue growth. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Q3 2026 Earnings Results
StubHub Holdings delivered a miss on both top and bottom lines in Q3 2026, with earnings falling 64.3% short of analyst expectations despite management's upbeat characterization of results.
Financial Metrics
STUB | EPS $0.05 vs $0.14 est (-64.3%) | Rev $502.0M vs $514.6M est (-2.4%) | Net Income $33.6M.
Earnings Quality
Net margin reached 6.7% in the quarter compared to a year-ago net margin of -275.6%, representing a significant improvement year-over-year.
Revenue Trend
Q2 2026 revenue peaked at $573.1M before retreating to $502.0M in Q3, while Q1 2026 generated $446.0M and Q4 2025 posted $449.2M.
Cash Flow
Operating cash flow was a negative $398.8M, and negative free cash flow $410.1M.
Management Guidance
Management raised full-year GMS outlook to 11-13% growth and reiterating adjusted EBITDA outlook of $400 million to $420 million.
What to Watch
Q4 sequential revenue recovery will test whether Q3's decline represents seasonal normalization or competitive market share loss.
The essence
StubHub Holdings reported Q3 2026 EPS of $0.05 vs $0.14 estimates, revenue $502.0M vs $514.6M estimates, with 7% YoY revenue growth.
