STUBStubHub Holdings, Inc.
Services-Miscellaneous Amusement & Recreation
- Revenue
- $1.7B
- 1.4% YoY
- Operating margin
- -77.0%
- 1088% YoY
- EBITDA
- −$1.3B
- 911% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$297M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired83% of revenueOver 10% of revenue
- Payouts exceed cash flowClear1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired48% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $1.4B | $1.8B | $1.7B | 1.4% |
| Operating income | $253M | $138M | −$1.3B | 1073% |
| Net income | $405M | −$3M | −$1.9B | 67969% |
| Operating cash flow | $307M | $261M | $193M | 26% |
| Capex | $2M | $2M | $1M | 16% |
| Stock-based comp | $35M | $8M | $1.4B | 18611% |
| Buybacks | $1M | $0 | $1M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 5
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | −$575M | 62 | 106 |