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Stock impact report

Stubhub Holdings Inc (STUB) Q4 2025 Earnings Call Highlights: Strategic Shifts and Market Share ... [Yahoo! Finance]

StubHub Holdings, Inc. Class A (STUB) 
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus Gross Merchandise Sales (GMS): $9.2 billion for 2025, up 6% year over year; $2.3 billion in Q4 2025, down 8% year over year. Revenue: $1.7 billion for 2025, 19% of GMS; $449 million in Q4 2025, 19% of GMS, down 16% year over year. Adjusted Gross Margin: 83% for both Q4 2025 and full year 2025, up from 76% in the prior year period. Adjusted EBITDA: $232 million for 2025, 13% of revenue; $63 million in Q4 2025, 14% margin. Sales and Marketing Expenses: $943 million for 2025, 54% of revenue; $234 million in Q4 2025, 52% of revenue. Net Income Impact: Non-recurring non-cash expense of $1.4 billion related to stock-based compensation; $480 million non-cash income tax expense. Free Cash Flow: Nearly 70% conversion of adjusted EBITDA in 2025. Total Debt: Reduced by approximately 35% to $1.5 billion at year-end 2025. Cash and Cash Equivalents: Approximately $1.2 billion at year-end 2025. 2026 Guidance: GMS expected between $9.9 bil Show less Read more
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