StubHub Faces H1 Losses Despite Increasing Revenue
The ticket reseller lost money primarily due to increasing costs
StubHub, the major second-hand ticket marketplace, experienced significant net losses in the first half of 2025 despite seeing a marked increase in revenue. This report comes ahead of the company’s impending initial public offering (IPO) in New York.
Earnings breakdown:
StubHub lost $111.8 million, or $1.84 per share, in the six-month period ending on June 30.
In the same period last year, the company lost $50.2 million, or $0.82 per share.
In Q2, net loss attributable to shareholders was $75.9 million. In Q2 2024, it was $20.5 million.
Q2 revenue took a hit as well, decreasing to $430.3 million from $443.3 million.
Despite these losses, revenue increased to $827.9 million from $803.5 million YoY in H1.
Expenses vs. tickets sold:
The losses come from an increase in internal costs for StubHub. In H1 2025, they were $776 million. Up from $750.4 million in H1 2024.
Q2 2025 costs and expenses increased to $405.2 million from $389.4 million.
However, gross merchandise sales for the company, which include the total revenue from tickets purchased, rose to $4.38 billion in H1 2025 from $3.94 billion last year.
👋 Disclosures & Transparency Block
- This article was written with information sourced from Music Business Worldwide.
- We covered it because StubHub is a major ticket marketplace.
