StubHub Holdings (STUB) Crashes Over 25% After First Earnings as Public Company – What’s Really Going On?
StubHub Holdings (NYSE: STUB) shares plunged more than 25% today after the ticket marketplace’s first earnings report as a public company, a deep GAAP loss and a wave of Wall Street price‑target cuts. Here’s what the Q3 2025 numbers and analyst reactions mean for investors. Key Takeaways StubHub’s First Quarter as a Public Company: Growth on the Platform, Noise in the P&L StubHub’s Q3 2025 report is its first full earnings release since going public on the NYSE in September. The headline numbers show a marketplace that’s still growing: On an adjusted basis, StubHub is clearly trending the right way:
